Pete's Cola Company Is Investigating the Possibility of Adopting a Lean

question 81

Multiple Choice

Pete's Cola Company is investigating the possibility of adopting a lean thinking philosophy throughout their organization. Estimated costs to set up the computer system are $1,660,000; training employees in lean operations is estimated to cost $175,000; and the general expenses of establishing the program are estimated at $313,000. The estimated value of the potential savings is $1,950,000. Do the benefits outweigh the costs or do the costs outweigh the benefits, and by how much?

• A)Costs outweigh benefits by $115,000.
• B)Benefits outweigh costs by $115,000.
• C)Costs outweigh benefits by $198,000.
• D)Benefits outweigh costs by $198,000.

Understand the concept of group polarization and its effects on decision making in groups.

Comprehend the evolutionary approach to human behaviors such as affiliation and mate selection.

Grasp the significance of similarity and proximity in interpersonal attraction and relationship formation.

Recognize the impact of social influences like informational and normative social influence on group behavior.

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Definitions:

Government Action

Refers to any action taken by a government body, which can include legislation, regulation, decisions, or policies implemented to address specific issues or needs within a country.

Push Poll

A type of opinion poll in which the true objective is to sway voters using leading or biased questions, rather than to gather genuine public opinion.

Poll Types

Varieties of opinion polls or surveys designed to understand public sentiment or preferences, including but not limited to, political, social, and consumer polls.

Nationwide Sample

A representative selection of individuals or entities from across an entire country, used for statistical analysis or opinion polling.