On Your First Day as the New Operations Manager for a Major

question 19

Multiple Choice

On your first day as the new operations manager for a major toy manufacturer, you take a look at how raw materials are handled. The manufacturing plant keeps close to 500,000 types of tiny parts on hand, ready for assembly. To ensure that workers are able to easily locate, inventory, and retrieve these parts, as well as finished goods, you've decided the company needs ______ to keep production at its peak.

• A) a cold-storage warehouse
• B) a distribution warehouse
• C) an automated warehouse
• D) a storage warehouse

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Definitions:

Noncumulative

Pertaining to dividends on preferred stock where missed dividends are not required to be paid back to shareholders in future payments.

Preferred Stockholders

Individuals or entities that own shares of preferred stock in a company, granting them certain privileges over common stockholders, such as fixed dividends and priority in asset distribution upon liquidation.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or additional stock.

Partnership Accounting

The process of managing and recording the financial activities, transactions, and interests of partners within a business partnership.