Which of the Following Is Not a Reason That Managers

question 60

Multiple Choice

Which of the following is not a reason that managers need to analyze financial reports?

• A)To assess control of operations
• B)To assess the ability of customers to pay their bills
• C)To assess the viability of suppliers
• D)To maximize annual bonuses

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Definitions:

Product Specifications

Detailed descriptions of a product’s requirements, dimensions, materials, and performance criteria, used as standards for production and quality assurance.

JIT Environment

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, through just-in-time inventory management.

Layout Tactic

A specific plan or method employed to arrange physical resources in a production or service facility.

Work Cells

An arrangement of resources in a manufacturing environment to improve efficiency by having all necessary equipment and materials in close proximity.