A Small Manufacturer Needs to Minimize Delays and Interruptions in the Production

question 67

Multiple Choice

A small manufacturer needs to minimize delays and interruptions in the production process.What should be a primary tool in this effort?

• A) reengineering
• B) reciprocal buying
• C) inventory control
• D) outsourcing

Understand the relationship between government budget balances and real interest rates.

Comprehend how changes in government budget affect domestic investment and net capital outflow.

Grasp the concept of net capital outflow and its independence or dependence on the real exchange rate.

Analyze the effects of fluctuations in the exchange and interest rates on the open-economy macroeconomic model.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable and inventories, and meeting other short-term liabilities.

Trade Credit

A type of commercial financing where a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Operating Plan

A detailed document outlining the day-to-day operations required to run a business, including production, staffing, and inventory management processes.

Financial Planning

The process of estimating the capital required and determining its competition; it is the process of framing financial policies in relation to procurement, investment, and administration of funds of an enterprise.