The Last Step in Production Control Is to Spot Problems

question 97

Multiple Choice

The last step in production control is to spot problems in the production process and inform management of needed adjustments.This phase is called _____.

• A)evaluation
• B)dispatching
• C)follow-up
• D)process control

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Definitions:

Exchange Gain

A profit resulting from holding or transacting in foreign currencies as exchange rates vary.

Spot Rate

The existing selling or buying price of a certain currency for transactions that are completed right away.

Fair-Value Hedge

A hedge that is used to mitigate the risk of changes in the fair value of an asset, liability, or an unrecognized firm commitment.

Cost of the Hedge

The expenditure associated with implementing and maintaining a hedge against financial risk.