Joe, a Production Engineer at Freestone Tires, Recently Joined a Team

question 197

Multiple Choice

Joe, a production engineer at Freestone Tires, recently joined a team of specialists from other areas, such as marketing and finance. His long-term assignment to this team has produced several new products. Joe enjoys this work environment, in part because Freestone's management has given the team the freedom and flexibility to make decisions. A recent development is the inclusion of outsiders from Freestone's major distributors and suppliers on the team. It appears that Joe's team is a(n) :

• A) interfunctional matrix organization.
• B) multidivisional group think-tank.
• C) multi-modal product development team.
• D) cross-functional self-managed team.

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Definitions:

Marketable Securities

Financial instruments or securities that are easily convertible into cash within a short period without a significant loss of value.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Inventory Turnover

Inventory Turnover is a ratio that shows how many times a company's inventory is sold and replaced over a period of time, indicating the efficiency of inventory management.

Average Collection Period

The average time it takes for a business to receive payments owed by its customers, indicating the efficiency of the company's credit and collection policies.