In the Context of Bureaucratization,Japanese Businesses Are Becoming Aware of the Fact

question 3

Multiple Choice

In the context of bureaucratization,Japanese businesses are becoming aware of the fact that:

• A) they are heavily dependent on their local market for maximum number of goods and services.
• B) local consumers are paying a heavy price due to the bureaucratic red tape.
• C) government bureaucracy has created a true sense of security.
• D) they are well prepared to face the harsh competitive realities of the international marketplace.

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Definitions:

Indirect Materials

Materials used in the production process but not directly traceable to a finished product, such as lubricants and adhesives for machinery.

Payroll Payable

A liability account that records the amounts owed to employees for wages or salaries that have been earned but not yet paid.

Work-in-Process Inventory

Work-in-process inventory includes all the materials, labor, and overhead costs for products that are in the production process but are not yet complete.

Labor Distribution Report

A report issued by the payroll department to categorize all the types of labor incurred during the week.