Which One of the Following Statements About Sales and Operations

question 129

Multiple Choice

Which one of the following statements about sales and operations planning is best?

• A) When a firm wants to minimize its inventory investment, it should use a level production-planning strategy.
• B) When a firm wants to emphasize stability in its workforce, it should adopt a level production-planning strategy.
• C) A make-to-stock production plan that wants to emphasize plant utilization should adopt a chase production strategy.
• D) A make-to-stock production plan that wants to minimize changes in production rates should adopt a chase production-planning strategy.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making minor, immediate purchases or reimbursements in a business.

Reimbursed

The act of compensating someone for an expense they have incurred, often related to their employment or a specific task they have undertaken.

Deposits In Transit

Refers to funds that have been deposited by a company but not yet recorded by the bank, often leading to a discrepancy in the balancing of accounts.

Deposits In Transit

Deposits in transit are amounts that have been received and recorded by a company, but have not yet been processed or acknowledged by the bank.