Jake Recently Invested in a Hottie Potatee Franchised Business That

question 151

Multiple Choice

Jake recently invested in a Hottie Potatee franchised business that serves potatoes with all the trimmings.The business needs lots of employees in order to operate effectively.He told you that if he calls the business once each day and tells the employees that he is on his way there,they will be on their best behavior.As he tells it,"It's okay if I really don't make it there,after all,I'm the owner and the business should be able to run without micromanagement." As a recent student of business ethics,you remind Jake that:

• A)he should post a code of ethics that stipulates how each employee should work and how each employee should treat the customers.
• B)he should create a survey for customers to respond to,and then he will always know if his employees are productive.
• C)employees usually take-on the behavior of their leaders.If integrity is not important to the owner,it may not be important to employees.
• D)"No good deed goes unpunished." Even though he may think he is doing a good thing,his employees will not appreciate the fact that he is working very hard on his business,off-site.Their expectations are that he should be there,working side by side with them.

Recognize the key phases of the manufacturing process and their respective roles.

Comprehend the concept of period costs and how they relate to the manufacturing process.

Distinguish between direct and indirect labor within the manufacturing environment.

Understand the significance of work in process inventory and its impact on manufacturing financials.

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Definitions:

Preventive Maintenance

Scheduled maintenance activities performed on equipment to prevent unexpected failures and ensure it operates efficiently.

Breakdown Maintenance

Maintenance work performed after equipment has failed, aimed at restoring it to operational condition.

Standard Deviations

a measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the average of the set.

MTBF Distribution

Mean Time Between Failures (MTBF) Distribution refers to the probability distribution that represents the time between failures in a system or component, helping in reliability analysis.