Which of the Following Is a Trait of a Traditional

question 71

Multiple Choice

Which of the following is a trait of a traditional manufacturing system?

• A) push-through system
• B) value-chain focus
• C) total quality control
• D) high employee involvement

Understand the legal and economic instruments, such as right-to-work laws and strikes, that influence the operation and power of unions.

Evaluate the arguments for and against the existence of unions and their effects on labor market efficiency and equity.

Understand the concept and implications of efficiency wages in the context of labor productivity and firm practices.

Understand the concept and implications of efficiency wages and their role in reducing shirking and turnover within firms.

---

Definitions:

Budget Variance

The difference between the budgeted or planned amounts and the actual amounts incurred, used for financial analysis and control.

Denominator Level

In cost accounting, it’s the level of activity used to allocate fixed costs to products or services, often representing the production capacity.

Budget Variance

This is the difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred or received.

Standard Hours

The set amount of time expected to complete a job or task, often used for planning and assessing the efficiency of operations.