Operational Tools Are Often Used as Part of a Firm's

question 77

Multiple Choice

Operational tools are often used as part of a firm's human resource strategy.Which one of the following is an operational tool used to establish labor standards?

• A)work methods analysis
• B)work measurement methods
• C)motion-study techniques
• D)job design
• E)operations control

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Definitions:

Accounts Payable

A liability to a creditor, usually for purchases of goods and services.

Net Working Capital

Net Working Capital is a financial metric that measures a company's ability to meet its short-term obligations with its short-term assets.

Current Assets

Assets that are expected to be converted into cash or used up within one year or one business cycle, whichever is longer, such as cash, inventory, and receivables.

Cash Flow To Creditors

The amount of cash a company pays to its creditors and bondholders, indicating the flow of cash intended to cover debts.