A Chips Manufacturer Introduces a New, Larger­sized Can of Potato

question 268

Multiple Choice

A chips manufacturer introduces a new, larger­sized can of potato chips using the words "new size" on the label. However, the can is larger while the contents are slightly smaller than the original sizes. The correct weight is printed on the can. In this case, a ethical issue exists.

• A) decision-making
• B) promotion-related
• C) product-related
• D) pricing-related
• E) distribution-related

Distinguish between continuous process improvement and large, one-time improvements in business processes.

Understand various strategies to overcome resistance to change.

Understand the impact of environmental changes on traditional mass manufacturing methods and management since the early 1970s.

Identify and describe strategies for improving labor relations and workforce motivation, including gainsharing and labor-management partnerships.

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Definitions:

Standards

Established norms or requirements in various fields that act as guidelines for achieving consistency, quality, and compatibility.

Budgets

A financial plan for a defined period, outlining expected revenues and expenditures.

Overhead Volume

The total overhead costs associated with operating a business, which can include rent, utilities, and other indirect costs.

Labor Rate Variance

Labor Rate Variance is the difference between the actual cost of labor and the standard cost, based on the hours worked.