Restructuring Is

question 3

Multiple Choice

Restructuring is:

• A)a rethinking and radical redesign of a firm's business processes.
• B)a radical readjustment of the organization's staffrng and hierarchy.
• C)a philosophy that states that mistakes, defects, and poor-quality materials are not acceptable and should be eliminated.
• D)the shift that firms make from a functional to a more complex structure as the finn grows in complexity and SIZe.
• E)employed when a finn needs help in improving its functional strategies.

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Definitions:

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remain constant regardless of the level of production, such as property taxes on factory buildings or salaries of production supervisors.

Deferred

Costs or revenues that are recognized at a future date rather than when initially incurred or received.

Released

In a manufacturing or production context, this term refers to products or goods that have been completed and are ready to be shipped or sold.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.