Morten Construction Company provides construction services for major projects. Managers at the company believe that construction is
Question:
Morten Construction Company provides construction services for major projects. Managers at the company believe that construction is a people-management business, and they list the following as factors critical to their success:
a. Provide tools to simplify and complete construction sooner.
b. Foster cooperative relationships with suppliers that allow for more frequent deliveries as and when products are needed.
c. Integrate tools and techniques that reduce errors in construction projects.
d. Provide continuous training for employees on new tools and equipment.
e. Benchmark the company’s gross margin percentages against its major competitors.
Required
Match each of the above factors to the key success factors that are important to managers.
Step by Step Answer:
Cost Accounting A Managerial Emphasis
ISBN: 978-0133428704
15th edition
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan