Building Capabilities in Organizational Design That Allow a Company to Develop

question 73

True/False

Building capabilities in organizational design that allow a company to develop a competitive advantage starts at the functional level.

Distinguish between value-added and non-value-added costs.

Recognize external failure costs from a schedule of activity costs.

Analyze the effects of batch size changes on value-added, non-value-added, and total lead times.

Understand the components of a cost of quality report including prevention and appraisal costs.

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Definitions:

Human Resource

The department within an organization that deals with recruitment, management, and development of its employees.

Human Capital

The collective skills, knowledge, and expertise that individuals possess, which can be utilized to create economic value.

Economic Output

The total value of all goods and services produced by an economy over a specific time period.

Labor

The human effort, including both physical and mental capabilities, utilized in the production of goods and services.