Scheduling Is the Basic Operations Management Activity for Both Manufacturing

question 124

Multiple Choice

Scheduling is the basic operations management activity for both manufacturing and service businesses that involves

• A) The quality of the production
• B) The quantity of production
• C) The timing of production
• D) The productivity level of the workers

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Definitions:

Compensating Balance

A minimum bank account balance that a borrower must maintain as a condition for obtaining a loan.

Interest Charges

The cost paid by a borrower for the use of borrowed money, or paid on a deposit or investment.

Needed Funds

The estimated financial resources required for an entity to carry out its planned activities or achieve its goals.

Projected ROEs

Estimated returns on equity, predicting future profitability based on company's equity investments.