Designing a Car Is Expensive and Time-Consuming Even with the Use

question 34

Multiple Choice

Designing a car is expensive and time-consuming even with the use of computers because until recently there was no way for all the varied departments that are involved in new car development to work together.Daimler-Chrysler created a unique central Web-based system that cuts the design and production process by at least two years, thus providing value to the customer.This is an example of a(n)

• A)benchmarking project.
• B)innovation-oriented mission.
• C)action program.
• D)operational goal implementation.
• E)competency.

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Definitions:

Cost of Goods Sold

The expenses directly linked to manufacturing the products a company sells, encompassing both the price of materials and the labor expenses directly involved in product creation.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Spreadsheet

A digital tool allowing users to organize, analyze, and store data in tabular form, often used for financial calculation and management.

Job-Order Costing

An accounting method used to track the costs associated with producing specific jobs or batches, assigning material, labor, and overhead costs to each job separately.