Which One of the Following Statements About Managerial Inputs to Production

question 66

Multiple Choice

Which one of the following statements about managerial inputs to production and staffing plans is best?

• A) Accounting and finance provide forecasts of demand and competition behaviour.
• B) Operations provide training capacity.
• C) Materials provide supplier capabilities.
• D) Human resources provide plans for future equipment capacities.

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Definitions:

Cost Flow

Describes the manner in which costs move through a company's accounts, from the point of initial recording to their ultimate impact on financial statements.

Physical Flow

Physical flow pertains to the actual movement and processing of goods and materials through a production system or supply chain, often measured to assess efficiency and effectiveness.

Specific Invoice Method

A method used in accounting to record the cost of goods sold based on the specific cost of individual items.

Large Quantities

Refers to the purchasing or production of goods in bulk amounts, often at a reduced cost per unit.