During the Purchase of New Tooling at Acme Tool and Die

question 211

Multiple Choice

During the purchase of new tooling at Acme Tool and Die, which of the following is an example of a gatekeeper?

• A) Sara, a purchasing manager, arranges the terms of the sale.
• B) Ross, from research and development, supplies information for evaluating alternatives.
• C) Charlotte, in manufacturing, has the power to select or approve suppliers.
• D) Andre, a research assistant, gathers and distributes information about alternatives.
• E) Rita, from the manufacturing floor, will use the new tooling.

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Definitions:

Labor

Human effort, both physical and mental, used in the production of goods and services.

Efficiency Wage

A higher-than-market wage that a firm pays to increase worker productivity.

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Incentive

Something that induces a person to act