Traditionally, Manufacturing Functions in the United States Have Not Achieved

question 103

Multiple Choice

Traditionally, manufacturing functions in the United States have not achieved a core competence in manufacturing. Which of the following design choices, used by Japanese companies, can help U.S. companies gain a core competence in manufacturing?

• A)Adopting a mechanistic structure
• B)Empowering workers
• C)Reducing the level of skill required to perform a task
• D)Centralizing decision- making authority

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Definitions:

Market Value

The prevailing market rate at which a commodity or service is traded.

Retail Inventory Method

An accounting technique used to estimate inventory value by converting retail prices to cost prices.

Cost To Retail Ratio

A method to estimate the value of ending inventory and cost of goods sold based on the ratio of cost to the retail price of goods.

Ending Inventory

The cost of items on offer at the close of an accounting term.