The Management of Any Aspect of Production That Transforms Inputs

question 42

Multiple Choice

The management of any aspect of production that transforms inputs into finished outputs is known as ________ management.

• A)quality control
• B)production system
• C)operations
• D)reengineering

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Definitions:

Liquidity Ratio

Financial metrics used to determine a company’s ability to pay off its short-term debts obligations with its liquid assets.

Generate Cash

The processes and strategies employed by businesses to increase liquidity and ensure sufficient funds are available for operational needs and investments.

Bill Payments

The process of settling financial obligations for services rendered or goods provided.

Just-In-Time Scheduling

A method of minimizing inventory by sending out materials to workstations “just in time” to be used.