Joe, a Production Engineer at Freestone Tires, Recently Joined a Team

question 197

Multiple Choice

Joe, a production engineer at Freestone Tires, recently joined a team of specialists from other areas, such as marketing and finance. His long-term assignment to this team has produced several new products. Joe enjoys this work environment, in part because Freestone's management has given the team the freedom and flexibility to make decisions. A recent development is the inclusion of outsiders from Freestone's major distributors and suppliers on the team. It appears that Joe's team is a(n) :

• A) interfunctional matrix organization.
• B) multidivisional group think-tank.
• C) multi-modal product development team.
• D) cross-functional self-managed team.

Calculate the net income and gross profit from given financial data.

Recognize the terms related to title passage between buyer and seller, including FOB shipping point and FOB destination.

Understand the effects of sales discounts, returns, and freight costs on transactions.

Compute adjustments for inventory shrinkage and the cost of merchandise purchased.

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