A Group of Machinists in a Manufacturing Plant Who Report

question 26

Multiple Choice

A group of machinists in a manufacturing plant who report to the same shop foreman is an example of

• A)an informal group.
• B)a virtual group.
• C)a cross-functional group.
• D)a self-managed work group.
• E)a command group.

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Definitions:

Inventories

The complete list of items such as property, goods in stock, or the contents of a building, often held for sale in the regular course of a business.

Profit After Tax

The net income remaining after all taxes have been deducted from total revenue.

Unrealised Profit

Profit that has been made on paper through an investment but has not yet been cashed in by selling the asset.

Upstream

In a supply chain context, refers to processes or activities that occur at the beginning of the production process or closer to the raw materials stage.