If Qantas Airlines Reduces the Time Taken for Seat Allocation

question 44

True/False

If Qantas Airlines reduces the time taken for seat allocation, this is an example of using cycle time reduction to gain competitive advantage.

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Definitions:

Controlling

In management, it refers to the process of monitoring performance against goals, identifying deviations, and taking corrective action to ensure that business objectives are achieved.

Cash Deficiency

A financial state where the cash available is not sufficient to cover the debts or liabilities owed, indicating potential liquidity problems.

Excess Cash

Funds held by a company that exceed its operational and investment needs, often indicating financial health or the potential for dividends or expansion.

Cash Excess

Situations where an entity has more cash available than is immediately needed for operational expenses.