A Small Company Can Deal with Changing Currency Rates by

question 68

Multiple Choice

A small company can deal with changing currency rates by

• A)stating contracts in US dollars as opposed to the international currency.
• B)locating all plants in countries with the most advantageous exchange position.
• C)limiting sales in each country so as to reduce exposure to any one currency.
• D)following the advice of the international sales manager.

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Definitions:

Kanbans

Signaling systems used in just-in-time (JIT) production processes to regulate the flow of materials between different stages of production.

Andons

Visual feedback systems used in manufacturing to alert about any status changes in production, such as issues or slowdowns.

Visual Workplace

A work environment where information about processes and standards is communicated through visual means to improve understanding and efficiency.

Normal Time

The amount of time that a task should take under normal working conditions, often used in time studies for setting standard times in manufacturing or work scheduling.