At LBK Industries, Responsibility for Quality Control Rests with a Team

question 36

Multiple Choice

At LBK Industries, responsibility for quality control rests with a team of quality control inspectors and supervisors rather than with employees. LBK uses what type of organizational control?

• A) Matrix control
• B) Hierarchical control
• C) Decentralized control
• D) Bottom-up control
• E) Balanced control

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Definitions:

Gross Investment

Refers to the total amount of investment in physical assets and capital expenditures made by businesses before accounting for depreciation.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or age.

Capital Stock

The total amount of physical and financial assets owned by a company or country, excluding liabilities.

Expected Rate Of Profit

The anticipated return on an investment, calculated based on the potential risks and rewards associated with the investment.