Sm Quiz 1

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Which of the following most accurately describes your company's plant operations?| |
| The company makes most all of its footwear materials and components in-house and uses 25-person assembly lines to make branded shoes at the rate of 5000 pairs per week.| |
| Branded production is done during regular time and private-label footwear is produced only during overtime.| |
| All footwear production teams must go through 40 hours of best practices training annually.| |
| Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per pair produced.| |

| Workers are organized into 3-person teams; each team has the capability to make 5,000 pairs annually; teams are compensated at the rate of $10 per pair produced.| The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to| |

| any applicable import tariffs and exchange rate adjustments.| |
| export fees equal to 5% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 10%.| |
| 2-million pair import quotas on the part of the geographic regions to which pairs are shipped and exchange rate shifts of as high as 10%.| |
| shipping charges of $2 per pair on all pairs shipped and exchange rate shifts of as high as 10%.| |
| tariffs of $4 per pair, shipping fees of $1.50 per pair, and exchange rate shifts of as high as 10%.| The reject rates at the company's footwear plants are a function of| |
| workers' total compensation package, the number of plants, and the installation of upgrade option D.| |
| the size of the incentive payment per non-defective pair produced, spending for best practices training, spending for TQM/Six Sigma quality control, the number of models/styles comprising the company's product line, and the installation of plant upgrade option A.| |

| the size of worker's annual base pay, year-end incentive bonuses, best practices training, the plant's D/P (performance/durability) rating, and the number of models/styles comprising the company's product line.| |

| best practices training, overtime pay, spending for TQM/Six Sigma quality control, the number of models/styles comprising the company's product line, and the use of plant upgrade option C.| |

| the S/Q rating, worker experience, incentive bonuses for teamwork and perfect attendance, best practices training, spending for new features and styling, and the use of plant upgrade option B.| Which of the following are components of the compensation package for production workers at your company's plants?| |

| Annual base salary, teamwork bonuses, fringe benefits, and stock options| |
| Hourly wages, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, fringe benefits, and overtime pay| |
| Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime pay| |
| Hourly wages, fringe benefits, and overtime pay|
|
| Base wages, incentive payments per non defective pair produced, and overtime pay| | | |
The factors that affect a company's S/Q rating include:|
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| the size of incentive bonuses paid to workers for defect-free workmanship; expenditures for best practices training; the age of plants and whether plant upgrades D and E have been installed; and the durability of its footwear.| |

| the percentage use of superior materials; a company's cumulative spending for TQM/Six Sigma quality control programs; the use of best practices training; and expenditures for new styling/features per model.| |

| the number of performance features built into its branded models/styles; how long it has...
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