Reasons for Global Standardization of Manufacturing Systems Include All of the Following

question 100

Multiple Choice

Reasons for global standardization of manufacturing systems include all of the following except

• A) simpler organization at headquarters.
• B) less design time required for a new plant.
• C) easier and more cost-effective purchasing.
• D) it is more responsive to the demands of local governments.

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Definitions:

Operating Activities

Transactions and events that relate to the core business functions, such as receipts from sales of goods and services, payments to suppliers, and salaries to employees.

Depreciable Asset

A type of asset that loses value over time due to wear and tear, decay, or obsolescence, which can be accounted for through depreciation.

Indirect Method

A method of preparing the cash flow statement in which net income is adjusted for non-cash transactions and changes in working capital.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.