Question 1

Read the article that is attached concerning the Theory of Constraints and comment on the following questions:

1. How might the theory of constraints be implemented in a Lean organization? How about in an Activity Based Management organization?

2. How does the Theory of Constraints relate to continuous improvement?

3. One complaint about the Theory of Constraints is its short term focus. Do you feel this is detrimental? Why? Is there a way to give it a more long-term focus?

4. What is your reaction to the concept of all costs other than direct materials are fixed?

Question 2

The International Accounting Standards Board (IASB) website is a great resource to keep on top of International Standards. Navigate to the IASB's website and locate IFRS and IAS Summaries. Select one of the IFRSs and read through it. In your discussion, share a brief summary of your chosen IFRS and suggest how its implementation would impact U.S. financial reporting.

Question 3

For the past couple of years Google has been reported being the number one company to work for in Fortune magazine. What makes working for Google so great you may ask? One thing in particular that catches the eyes of many is the fun-filled working environment. Having a climbing wall, pool table, swimming pool, beach volleyball court, weight room, and eleven free gourmet cafeterias, sure doesn't hurt in your strategizing in becoming the best.

Do you feel that a fun working environment is important when seeking a job? Explain. Research the topic of fun and humor in the workplace and identify some of the pros and cons of this strategic choice.

Attachment:- Module-Article-Discussion.pdf