A successful Employee involvement program includes which of the following?I) Common understanding of the empIoyee’s role in the plantII) Management clearly defining the problems to be solvedIII) Provide teams with authority to change work processIV. Developing a rewards system
Answer(s): A
A successful Employee involvement program includes which of the following?1. Common understanding of the empIoyee's role in the plant2. Provide teams with authority to change work process3. Developing a rewards systemIn an employee involvement program should not have management defining the problems to be solved
Which of the following in a modern company is the LOWEST cost element?
In a modern company labor cost is usually the lowest and material is the highest. Inventory is not a cost element because it is considered an overhead cost.
What are principles of strategic revolution?I) The bottleneck is at the top of the bottleII) Strategic planning isn’t strategicIII) Plan then strategizeIV. Strategy planning must be subversive
Answer(s): C
Principles of a strategic revolution1. The bottleneck is at the top of the bottle2. Strategic planning isn’t strategic3. Strategy planning must be subversive4. Planning must be different than strategizing5. Planning is about programming, strategizing is about discovery6. Planning is for technocrats7. Strategizing is for dreamersPlan then strategize is not a principle of the strategic revolution
To purchase a new hole-boring machine to increase capacity of the plant would be considered what?
Answer(s): D
To purchase a new hole-boring machine to increase capacity of the plant would be considered a capital investment because investing in the future of the company.
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