Match the Following: -Enhanced Performance

question 33

Multiple Choice

Match the following:
-enhanced performance

• A)reward based on plant performance
• B)enhanced performance, reduced costs
• C)first step in planning change to teams
• D)temporary cross-functional teams
• E)phase 1 of self-managing work team implementation
• F)create new product or service designs
• G)increase compensation for new skills
• H)frustration and confusion
• I)organization ready to accommodate teams?
• J)mature, fully developed team
• K)benefit of team in organization
• L)starts at the top in every successful team implementation
• M)the last stage of planning implementation
• N)managers' frustration with new roles
• O)explores readiness for team environment
• P)teams that do the daily work
• Q)first teams created in the U.S.
• R)group with a common goal
• S)end result of months or years of planning
• T)reward based on team performance

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Definitions:

Variable Costing

An accounting method that only considers variable costs (costs that fluctuate with the level of output) in calculating the cost of goods sold and in decision-making.

Closing Inventory

The total value of goods remaining unsold at the end of an accounting period.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to end customers.

Standard Costs

Predetermined or budgeted costs for products, services, or operations that serve as benchmarks for measuring performance by comparing them with actual costs.