Categorize each of the following characteristics as being either more representative of a traditional organization or a lean organization. 1. Emphasis is placed on shortening manufacturing cycle times.
2. Manufacturing plants tend to group like machinery together in different parts of the plant.
3. Setup times are shorter.
4. Produce in larger batches.
5. Strive to maintain low inventory levels.
6. Cycle time tends to be longer.
7. Quality tends to be "inspect-in" rather than "build-in."
8. Manufacturing plants tend to be organized with self-contained production cells.
9. Maintain greater quantities of raw materials, work in process, and finished goods inventories.
10. Setup times are longer.
11. High quality is stressed in every aspect of production.
12. Produce in smaller batches.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.