a. ) Which of the following is considered non-value-added lead time?

Options:

1. moving from process to process

2. packing

3. all of these choices

4. converting raw materials to finished product

b.) Under a lean environment, employees have the responsibility and authority to

Options:

1. make engineering changes

2. make decisions about operations, rather than waiting for management

3. purchase inventory

4. determine output amounts

c.) Which of the following statements regarding CSR and sustainability reporting is false?

Options:

1. Many corporations use a triple bottom line approach to sustainability reporting.

2. Generally accepted accounting principles require firms to report CSR and sustainability efforts.

3. The Global Reporting Initiative is an international organization that develops the use of sustainability reporting standards.

4. The triple bottom line approach includes financial, social, and environmental performance components.

d.) The triple bottom line approach to sustainability includes all of the following reporting categories except _____ performance.

Options:

1. environmental

2. financial

3. international

4. social

e.) Which of the following is not an example of a capital investment project that focuses on minimizing resource waste and environmental degradation as a CSR objective?

Options:

1. Parker Mining invests in planting more trees and vegetation than required by the local laws on fields created by its strip mining efforts.

2. Foxburg Manufacturing invests in a soil reclamation project near its production plant to reclaim a piece of land affected by its wastewater flow.

3. Clinton Industries invests in water shed reclamation efforts to bring trout back to local streams and waterways.

4. Iron Mills Event Planning invests in an employee wellness and fitness center.

f.) Which of the following is an advantage of the cash payback method?

Options:

1. takes into consideration the time value of money

2. emphasizes accounting income

3. includes the cash flow over the entire life of the proposal

4. easy to use

g.) A series of equal cash flows at fixed intervals is termed a(n)

Options:

1. present value index

2. net cash flow

3. annuity

4. price-level index