The Receiving Department Accepts a Shipment, Confirms It Matches the Purchase

question 8

Multiple Choice

The receiving department accepts a shipment, confirms it matches the purchase order, and moves it to an area they call "deep storage." As the time approaches for the shipment to be used, they move it from deep storage to the week's holding pen, and on the day of use, it is transferred to the line near where it will fall into the product stream. When the worker needs it, she goes to where it is stored and brings it to her work station. This illustrates the waste of:

• A)unnecessary inventory.
• B)overproduction.
• C)unnecessary transportation.
• D)underutilization of employees.

Comprehend the process and components of conducting a SWOT analysis within strategic planning.

Understand the decision-making process, including recognizing problems or opportunities, and developing and implementing solutions.

Differentiate between programmed and nonprogrammed decisions and their applications within an organization.

Identify characteristics and impacts of leadership styles (autocratic, participative) on decision-making and organizational direction.

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Definitions:

Intangible Asset

An asset that lacks physical substance but is identifiable and provides future economic benefits.

Purchase Price

The amount paid to acquire an asset, including all costs directly attributable to bringing the asset to its intended use.

U.S.GAAP

The Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting.

Research And Development

The systematic work undertaken by a company to increase the knowledge for developing new products or processes.