Organizations Are Implementing Significant Change and Quality Programs to Cut

question 23

Multiple Choice

Organizations are implementing significant change and quality programs to cut costs and increase productivity.Consequently ________.

• A)supervisors must maintain careful records of current processes
• B)the supervisor's job will continue to become increasingly important and complex
• C)supervisors will have increasing opportunities for advancement
• D)supervisors will have difficulty keeping abreast of changes
• E)the supervisor's positive attitude will impress middle and upper management

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Definitions:

Cost of Sales

refers to the direct costs attributable to the production of the goods sold in a company.

Increase in Accounts Receivable

A situation where the amount owed by customers for goods or services increases during a specific period, often indicating sales growth, but also potentially impacting cash flow.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the basic profitability of a company's core activities.

Aging of Accounts Receivable

A report or method that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.