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alekssr [168]
2 years ago
10

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

anization.
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.
Business
1 answer:
Karo-lina-s [1.5K]2 years ago
5 0

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.

<h3>Meaning of Lean and Traditional Organizations</h3>

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.

Learn more about lean and traditional organizations here:

brainly.com/question/4544412

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Answer:

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Explanation:

In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes

So, the option d is correct

6 0
3 years ago
Shen lives in Dallas and runs a business that sells pianos. In an average year, he receives $851,000 from selling pianos. Of thi
Elis [28]

Solution :

1.

The income from renting his showroom that Paolo would receive if he allowed to rent his showroom is a Implicit cost as this is a cost which will not be paid in actual.

The wages as well as the utility bills paid by Paolo is an example of explicit cost as this cost would be paid in actual for the businesses and are added in accounting.

The wholesale amount that Paolo pays for the pianos to the manufacturer is an explicit cost and is aid in actual to the manufacturer.

The salary that Paolo could have earned if he choses to be an accountant will be an implicit cost as this cost is not paid in actual.

2. Paolo's accounting profit can be calculated by :

  Accounting profit = revenue - explicit cost

                                 = 851,000 - 476,000 - 281,000

                                = $ 94,000

3. Paolo's economic profit is :

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6 0
2 years ago
What do we mean when we talk about the "milky way" in our sky?
vivado [14]

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7 0
3 years ago
Identify which of the below factors will achieve great results with your client:a. feedbackb. quality work
Sonbull [250]

Answer:

The correct answer is letter "B": quality work.

Explanation:

The quality of a good or service determines if the standard expectation of a product is met according to a consumer. Typically, when the good or service has above-standard quality, consumers are likely to purchase it regularly. The opposite happens with below-standard goods or services: consumers stop buying them.

7 0
3 years ago
The primary reason companies declare a large stock dividend or a stock split is to lower the trading price of the stock to a mor
Veseljchak [2.6K]

Answer:

true                                  

Explanation:

A stock dividend refers to the payout to owners that is provided not in cash but in equity. The stock dividends does have the benefit of paying stakeholders without lowering the cash flow for the business.

A stock split and option split is growing a company's amount of assets. A stock split triggers a fall in the trading price of actual securities, which does not trigger a shift in the business's market capitalisation.

Thus there is no monetary gain benefits from both the methods they are just implemented to adjust price of shares.

 

3 0
3 years ago
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