Creativity Was Needed to Improve Efficiency Without Raising Costs at an Automobile

question 4

Multiple Choice

Creativity was needed to improve efficiency without raising costs at an automobile maker. Over the last few years, the company has successfully implemented a creative engineering program that allows its plants to produce more than one type of car from the same assembly line. This successful change to a flexible manufacturing system is an example of ____.

• A)corporate entropy
• B)organizational innovation
• C)assembly networking
• D)organizational networking
• E)reverse engineering

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Definitions:

Operating Agreement

A legal document outlining the governance and operational guidelines of an LLC, including the rights and responsibilities of its members.

Voting Rights

The entitlements of shareholders or members of an organization to vote on matters affecting the governance of that entity.

Common Stock

The most usual type of corporate stock. It carries with it all the risks of the business and does not guarantee its holder the right to profits.