Categorize each of the following characteristics as being either more representative of a traditional organization or a lean organization.

a. Manufacturing plants tend to be organized with self-contained production cells.
b. Maintain greater quantities of raw materials, work in process, and finished goods inventories.
c. Setup times are longer.
d. High quality is stressed in every aspect of production.
e. Produce in smaller batches.
f. Emphasis is placed on shortening manufacturing cycle times.

Answers

Answer 1

The above characteristics have been classified as belonging to the traditional or lean organizations as follows:

Traditional - B. Maintain greater quantities of raw materials, work in process, and finished goods inventories.Traditional -  C. Setup times are longer.Traditional - A. Manufacturing plants tend to be organized with self-contained production cells.Lean - E. Produce in smaller batches.Lean - F. Emphasis is placed on shortening manufacturing cycle times.Lean - D. High quality is stressed in every aspect of production.

Meaning of Lean and Traditional Organizations

A traditional organization is a business structure that has many workers and departments. They take time to set up and have a large inventory.

Lean businesses, on the other hand, produce in small batches and place emphasis on quality.

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Related Questions

The metaphor for barriers women face in the workplace that prevent them from reaching higher positions is the:

Answers

It should be noted that Glass Ceiling serves as a barriers that women face in the workplace that prevent them from reaching higher positions.

What Is the Glass Ceiling?

Glass Ceiling can be regarded as the metaphorical invisible barrier which usually obstruct people from being promoted.

It doesn't allow the victim  to get to  managerial- and executive-level positions within an organization

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In 2017, who became the first rap artist to win a pulitzer prize?.

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My boy Kendrick Lamar.

When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the:.

Answers

In an equilibrium market, the prices balance the marginal benefit and marginal cost of consuming and producing a good or service.

What is equilibrium?

Equilibrium simply means when demand and supply are balanced.

When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the marginal benefit and marginal cost of consuming and producing a good or service.

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By comparing the number of days to collect with the length of the credit policy, companies can determine whether its customers ______.

Answers

Answer: Are paying in accordance with the credit policy.

Hope this helps!

Which term refers to the largest rate of use of a resource that will not impair its ability to be renewed

Answers

It can be deduced that the term that refers to the largest rate of use of a resource is the maximum sustainable yield.

What is maximum sustainable yield?

It should be noted that the maximum sustainable yield is the highest possible annual catch which can be sustained over time.

Maximum sustainable yield is the largest rate of use of a resource that will not impair its ability to be renewed.

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Can i dispute a credit card charge that i willingly paid for.

Answers

Depends on the bank that issued your card. You might want to talk to your card issuer's customer support.

Arriving 20 minutes early to an interview _____. is too early because you will not be able to use your cell phone during that period. is perfect timing for both you and the interviewer will not be enough time to showcase your patience while waiting may be an inconvenience to the interviewer

Answers

If you are 20 minutes early to interview it shows that you can be early for things but sometimes too early to be able to do anything

Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments are $528.60. She made payments for one year and has paid the principal down to $37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round final answer to nearest dollar)?

Answers

Answer:

below

Explanation:

•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round

•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (roundfinal answer to nearest dollar)?•

I hope it helps ^-^

how many sectors are there in the environmental services pathway

Answers

Answer:

how many sectors are there in the environmental services pathway ?

➢Environmental services are one of 12 classified service sectors under the GATS framework.

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Lululemon's website encourages individuals interested in employment to inquire in-store; this is an example of:


A. training

B. internal recruitment

C. external selection

D. internal selection

E. external recruitment.

Answers

The fact that those interested in employment are advised to inquire in-store is an example of C. External selection.

What is external selection?

This refers to an employment type where those who are allowed to be employed are people from outside the company alone and not current staff.

In this case, Lululemon is asking for prospective from outside the store to inquire in the store. This means that those to be selected will come from outside.

In conclusion, option C is correct.

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If the money market is in the liquidity trap, then people do not want to hold money because: __________

a. its value is at its lowest.
b. want to hold bonds because the interest rate is quite high.
c. do not want to hold bonds because their price is likely to decrease.
d. want to hold bonds because their price is high.
e. a, b and d

Answers

Answer:

a

Explanation:

Its value is at its lowest.

A decrease in the number of sellers in the market causes.

Answers

A decrease in the number of sellers in the market causes the supply curve to shift to the left.

How does a decrease in the number of sellers affect the supply curve?

The supply curve is a curve that shows the relationship between quantity supplied and the price. The relationship is positively sloped/

When the  number of sellers in the market decreases, there is a decline in supply, as a result the supply curve shifts to the left.

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People achieve ______ when they have "balanced their margins" according to the utility-maximizing rule

Answers

It should be noted that People achieve Consumer's Equilibrium when they have "balanced their margins" .

What is Consumer's Equilibrium?

Consumer's Equilibrium  can be explained as the maximum satisfaction state by a consumer.

It is a situation where a  income is been used to purchase one or more commodities by consumer so as to achieve maximum satisfaction.

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Spyder Corporation’s technology and business strategies became entangled, what would this be considered?

Answers

When a business's strategies and technology are able to become entangled, this is called Technology integration.

What is technology integration?Refers to the process of aligning a business's strategies with its available technology. This allows for increased efficiency to achieve organizational goals.

When Spyder Corporation's technology was entangled with its business strategies, this allowed for technology integration that will contribute to the success of their business.

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DFB, Inc., expects earnings this year of $5.37 per share, and it plans to pay a $3.54 dividend to shareholders. DFB will retain $1.83 per share of its earnings to reinvest in new projects with an expected return of 15.3% per year. Suppose DFB will maintain the same dividend payout rate, retention rate, and return on new investments in the future and will not change its number of outstanding shares.
a. What growth rate of earnings would you forecast for DFB?
b. If DFB's equity cost of capital is 11.9%, what price would you estimate for DFB stock?
c. Suppose DFB instead paid a dividend of $4.54 per share this year and retained only $0.83 per share in earnings. That is, it chose to pay a higher dividend instead of reinvesting in as many new projects. If DFB maintains this higher payout rate in the future, what stock price would you estimate now? Should DFB follow this new policy?
This is what the company should do:___________
A. Raise dividends because the return on new investments is lower than the cost of capital.
B. Not raise dividends because projects have positive NPV when the return on new investments is higher than the firm's cost of capital.
C. Raise dividends because, according to the dividend-discount model, doing so will always improve the share price.
D. Not raise dividends because companies should always reinvest as much as possible.

Answers

It can be deduced that the growth rate of earnings that would be forecasted for DFB is 0.62%.

How to calculate the growth rate of earnings

First, we need to calculate the dividend payout ratio. This will be:

= 3.54/5.37 × 100

= 65.92%

The growth rate will be:

= (1 - d) × r

= (1 - 0.6592) × 0.0183

= 0.62%

When the equity cost of capital is 11.9%, the stock price will be:

= D / (Ke - g)

= 3.54(1 + 0.62%) / (11.90% - 0.62%)

= 31.58

When the company maintains a higher payout rate in the future, the stock price will be calculated thus:

Dividend payout ratio:

= 4.54/5.37 × 100

= 84.54%

The growth rate will be:

= (1 - d) × r

= (1 - 0.8454) × 0.0183

= 0.28%

The stock price will now be:

= D /(Ke - g)

= 4.54/(1 + 0.28%) / (11.90% - 0.28%)

= 39.18

Lastly, it's important for the company to raise dividends as this will always improve the share price.

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You recently bought a used car and it breaks down. You take it to the repair shop, which will charge $400. You don’t have that money right now, but you’ll have it once you get paid at the end of the month. Will you use cash/check, debit/prepaid card, credit card, or P2P and why did you choose this option?

Answers

Answer:

My Guest is P2P or Debit Card

Explanation:

A company's worksheet for the month of June shows Prepaid Rent with a $4,000 debit balance on the Trial Balance section and shows a $1,000 credit in the Adjustments section. The balance for Prepaid Rent in the Adjusted Trial Balance section would be:___________

Answers

Answer:

its 3,000

Explanation:

The most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment, are categorized as _____ resources.

Answers

Tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.

What are tangible resources?

Tangible resources or asset is resources that have a finite monetary value and are usually a physical form. They are physical assets owned by a company that can be quantified with relative ease and are used to carry out its business .

Tangible resources include:

CashInventoryVehiclesEquipmentBuildings and investments

Hence, tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.

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What is a producer and a consumer?

What is a market

Define Good ands Services and provide examples.

How do Consumers satisfy their wants and needs by buying goods and services from businesses.

Answers

Answer:

Producers are people who make or grow goods and provide services. Consumers are people who buy or use goods and services to satisfy their wants.

Goods are items that are usually tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a digital book, a digital video game or a digital movie.

Consumers satisfy their wants through purchasing goods and services for consumption purposes.

Explanation:

Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each paying half the monthly expenses. Unfortunately, the business does not make any money. After 2 years, Yolinda decides to leave and take a job with another employer. Wes, on the other hand, decides to make a go of the business. Given this information, which of the following is true?

a. Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.
b. If Yolinda stops making her share of the car expenses, Wes will be liable for Yolinda's share.
c. Because the partnership is no longer in existence, the car lease is null and void.
d. Because Wes received only half of the company's profits, he is only liable for his share of expenses.

Answers

Given that one of the partners of the business has left the business, the answer that is correct is the fact that

Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.

What is a partnership?

This is a business arrangement that is made by two or more persons. The business arrangement has the partners sharing in the liability of the business.

The reason why Yolanda has to stop sharing in the expenses is simply because she is no longer a part of the partnership.

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After a client leaves his office, an agent makes corrections to the client's application, but forgets to tell her. Two weeks later, the client is in an accident. The insurer will be settling the claim based on the corrected form. This is:______.

Answers

A. Because the orange is pretty

Assume that Swiss investors have francs available to invest in securities, and they initially view U.S. and British interest rates as equally attractive. Now assume that U.S. interest rates increase while British interest rates stay the same. This would likely cause: ____________

a. the Swiss demand for dollars to decrease and the dollar will depreciate against the pound.
b. the Swiss demand for dollars to increase and the dollar will depreciate against the Swiss franc.
c. the Swiss demand for dollars to increase and the dollar will appreciate against the Swiss franc.
d. the Swiss demand for dollars to decrease and the dollar will appreciate against the pound.

Answers

The increase in US interest rates relative to the British interest rate would cause the Swiss demand for dollars to increase and the dollar will appreciate against the Swiss franc.

Why would the demand for dollars increase and the dollar appreciate?

When the interest rates of the US increases relative to that of the Britain, investors would earn a higher rate of return relative to that of Britain. As a result, investors would prefer to invest in the US.

When there is an increase in the demand for the US dollars relative to the Swiss franc, the US dollars would appreciate.

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Firms that are price takers :___________
a) are small relative to the total market.
b) produce products that are different than their competitors.
c) can sell only a portion of their output at the market price.
d) have downward-sloping demand curves.

Answers

I think the answer is C)can sell only a portion of their output at the market price


Look at the demand and supply schedules for wombles in the table below. Use a
graphing tool and insert your graph on page 3. You can use tools in word, Excel, of
web bases ones like ChartGo. You can draw on paper and yan.
Demand and Supply Schedule

Answers

A demand schedule is used in conjunction with a supply schedule, which shows the quantity of goods that can be supplied to the market by producers at a price.

What is a demand schedule?

Your information is incomplete. Therefore, an overview will be given. A demand schedule is simply a table that shows the quantity demanded of a good at different price levels.

A supply schedule is a table which shows the relationship between the price of a good and the quantity supplied.

A demand schedule consists of two columns. Here, the first column lists a price for a product and the second column lists the quantity of the product demanded at that price. Also, the price is determined based on the research of the market.

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PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP

Answers

Answer:

1. Classical Economics

2. Keynesian Economics

3. Demand-Side Economics

4. Supply-Side Economics

Explanation:

The relationship between quantity supplied and price is ________ and the relationship between quantity demanded and price is ________. Group of answer choices

Answers

Answer:

direct, inverse

Explanation:

Hope it helps

savon was suprised to learn that when his business grew and he needed to order more raw materials, the costs of materias and units production were less per item, this demonstrates the concept of

Answers

Based on the fact that Savon's business saw less individual costs as the company grew, this is the concept of Economies of Scale.

What is Economies of scale?

It is a phenomenon that is observed when a company grows larger and becomes more efficient.

It is noted that the more goods are produced, the less the individual costs of these goods because the costs will be spread out over more goods than before.

In conclusion, this is economies of scale.

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Kim Jordan, New Belgium Brewing's former CEO and co-founder, emphasizes the importance of New Belgium's people, particularly its employees, as well as its customers. Customers and employees are among New Belgium's _______.

Answers

The employees and customers of New Belgium's company are known as the company's stakeholders.

What is an Organization stakeholders?

An organizational stakeholders refer those internal and external parties that contributes to a company's performance

In conclusion, the employees and customers of New Belgium's company are known as the company's stakeholders.

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Assigning indirect costs to specific jobs is completed by:.

Answers

When a business wants to assign indirect costs to specific jobs, they do this by using the predetermined overhead rate.

Assigning indirect costs to specific jobs.

When a company engages in production, they cannot directly trace where indirect costs come from so they apply it to each specific job using a predetermined overhead rate.

This rate will be based on some other matric such as labor, and will allow for indirect costs to be assigned to jobs for price determination.

In conclusion, the predetermined overhead rate is used.

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Your professor hands you a sealed bag of potato chips and asks you to open the bag and take out two scoops of chips. The scoops of chips are analogous to a __________ and the bag of chips is analogous to the __________.
A) sample; population
B) population; sample
C) hypothesis; population
D) generalizable scoop; sample scoop

Answers

The two scoops that the Professor told you to take from the bag are a sample. The rest of the bag of chips are the population.

What are samples and population?

The population is considered the entire group of variables that share a certain characteristic and are being measured. The entire bag of chips is therefore the population.

A sample on the other hand, is a smaller number of variables that is drawn from a population. The scoops were drawn from the bag (population) and so are the sample.

In conclusion, option A is correct.

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