Ford Motor Company's Invoiceless Processing,which Reduced Headcount in Ford's North

question 13

Multiple Choice

Ford Motor Company's invoiceless processing,which reduced headcount in Ford's North American accounts payable organization of 500 people by 75 percent.Ford changed its accounts payable process so that the purchasing department enters a purchase order into an online database that can be checked by the receiving department when the ordered items arrive.If the received goods match the purchase order,the system automatically generates a cheque for accounts payable to send to the vendor.There is no need for vendors to send invoices.This is an example of ________.

• A)a paradigm shift
• B)re-engineering
• C)rationalization
• D)automation

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Definitions:

Net Taxes

The total amount of taxes collected by the government minus any transfer payments and subsidies.

GDP

Gross Domestic Product, a measure of the economic performance of a country, evaluating the total value of all goods and services produced over a specific time period.

Government Purchases

Expenditures by government agencies on goods and services that directly satisfy public consumption or are invested in public infrastructure.

Full Employment

An economic condition where every available workforce is employed in the most effective way achievable.