The Production Manager at ABC Inc

question 36

Multiple Choice

The production manager at ABC Inc.is responsible for formulating the budget for his department.He will be evaluated on his ability to control costs.After considerable thought, he arrives at his best estimate of costs, and then adds a further 10% to the projections.Chances are he has inflated the cost projections because

• A)that is the way it has always been done.
• B)conservative accounting practise requires that he not under report expenses.
• C)by overestimating expenses, it will make it easier for him to come in under budget and receive a favourable evaluation.
• D)none of the above.

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Definitions:

Specifications

Detailed descriptions of the design, materials, and performance criteria for products or projects.

Quality

The measure of excellence or state of being free from defects, deficiencies, and significant variations, brought about by strict adherence to measurable and verifiable standards to meet customer expectations.

Professional Networking

The act of building and maintaining relationships with professionals within one's industry for career development and opportunities.

B2B Marketplace

An online platform where businesses trade goods and services with other businesses, facilitating bulk transactions, procurement, and supply chain operations.