The Concept of Flexible Accumulation Describes an Overall Strategy of Multinational

question 42

Multiple Choice

The concept of flexible accumulation describes an overall strategy of multinational corporations to increase profitability. What is one of the keys to the success of this strategy?

• A) offshoring
• B) local transportation systems
• C) a high-cost labor force
• D) increasingly expensive manufacturing techniques

Recognize the components and importance of quality cost reports, including understanding different types of quality costs (prevention, appraisal, internal failure, and external failure).

Identify the objectives of a balanced scorecard and how it is used as a strategic management tool.

Understand key performance measures within the context of continuous improvement and strategic management.

Comprehend the impact of quality improvement initiatives on internal and external failure costs.

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Definitions:

Pre-enslavement

The historical period or the conditions experienced by individuals or communities before they were subjected to slavery.

Slave Passage

Refers historically to the Middle Passage, the traumatic sea voyage that transported millions of Africans to the Americas as part of the transatlantic slave trade.

Reconstruction

The period after the American Civil War during which the Southern states were reorganized and reintegrated into the Union, or more broadly, any period of rebuilding after significant destruction.

Reparations

Acts of compensation offered to victims in an effort to restore what has been lost. An aspect of the restorative justice model.