At the Stage of the Process of Transforming Raw Materials

question 9

Multiple Choice

At the stage of the process of transforming raw materials into finished goods, operations managers typically use control procedures to obtain immediate
Feedback about how efficiently the raw materials are being transformed into finished goods.

• A)input; feedback
• B)output; concurrent
• C)conversion; concurrent
• D)input; concurrent
• E)output; feedforward

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Definitions:

Desired Rate

Typically refers to the target interest rate set by individuals or businesses for financial returns or lending activities.

Average Rate of Return

An investment's return, expressed as a percentage, which is calculated by dividing the average annual profit by the initial investment cost.

Cash Payback Method

An analysis technique to determine the time needed to recoup the initial investment in a project, based on cash flows.

Advantage

A favorable or beneficial condition, circumstance, or position that contributes to success.