Avion textiles, a cloth manufacturing company implements a new technology in their production process to improve the speed at which the cloth is produced. To make effective use of this technology, the company decides to train its employees regarding the new technology. They also make changes in the quality check and sales teams to maintain the costs at profitable levels and deliver good quality products. This reformation in all the critical processes of the company to make them efficient is known as _____.
A. outsourcing
B. codetermining
C. downsizing
D. hedging
E. reengineering
Answer: E. reengineering
Business
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Fill in the blank(s) with the appropriate word(s).
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The ________ states that a drawer or maker is liable on a forged or unauthorized indorsement if the person signing as or on behalf of a drawer or maker intends the named payee to have no interest in the instrument or when the person identified as the
payee is a fabricated person. A) imposter rule B) fictitious payee rule C) fraud in the inception rule D) fraud in the inducement rule
Business