Which of the Following Is the Primary Role of an Efficiency

question 32

Multiple Choice

Which of the following is the primary role of an efficiency expert?

• A)Looking for additional resources to increase productivity
• B)Implementing a system that can store excess inventories
• C)Introducing new equipment that will increase output
• D)Removing every bit of waste in production operations
• E)Employing more people to complete a task more quickly

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Definitions:

Compounded Quarterly

Compounded quarterly refers to calculating interest on the principal amount and the accumulated interest every quarter, or four times a year.

Quarterly Withdrawals

Withdrawals from an account or fund that occur four times each year, typically every three months.

Education Fund

A savings or investment account set aside for the purpose of funding educational expenses.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest of previous periods of a deposit or loan on a twice-a-year basis.