Strato Engineering (Scenario) Recently Strato Engineering, a Technology Product Company, Began the Use

question 106

Multiple Choice

Strato Engineering (Scenario)
Recently Strato Engineering, a technology product company, began the use of a team (1) to develop the next generation of the company's model CVF- D. The team is composed of the product development manager, chief engineer, director of procurement, human resource director-technology, marketing research director, cost analysis director, operations director
-production, and the four highest- dollar project vendors. The preliminary projection for the lifetime of the team to prototype- production is expected to be 2 years due to the level of technology involved in the product. Another team (2) has also been established recently to solve a new problem with an adhesive used to attach a thin- foil material to a finished metal surface. There are three members in this team: installer, engineer, and sales representative for the adhesive manufacturer, and no one particular leader. It is anticipated that it will require about 2 days to solve the problem. Another team (3) has been working together for 4 years implementing modifications to the company's current model CVF- C. It is composed of members in the areas of: procurement, engineering, production, major vendors, and Strato Engineering customers' procurement agents. None of the members of this team are at the same location. They utilize a variety of graphic- electronic technologies to view the product onscreen in three- dimension at each location simultaneously. At the Denver facility, a team (4) has been formed to stamp a new part. It requires four members, and they rotate jobs every 2 hours. Before beginning the workday, they meet for about 10 minutes and discuss the work that needs to be completed that day. The team makes most of the
day- to- day decisions about their work responsibilities.
-Team 3 that is working on model CVF- C modifications is a _________ team.

• A) self- managed
• B) virtual
• C) problem- solving
• D) cross- functional

Recognize the impact of errors in the recording of depreciation on financial statements.

Identify the major types of cells in the nervous system and their roles.

Describe the structure and function of the meninges and the spinal cord.

Understand the role of myelin in nerve impulse conduction.

---

Definitions:

Inventory Flow

The movement and management of goods from procurement of raw materials to the sale of finished products to customers, including all stages of production and warehousing.

FIFO Method

A method of inventory valuation where the first items purchased or manufactured are the first ones considered sold, standing for "First In, First Out."

Cost Of Merchandise Sold

The cost that is reported as an expense when merchandise is sold.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the basic profitability of a company's core business activities.