An Effective Schedule Takes into Consideration

question 6

Multiple Choice

An effective schedule takes into consideration:

• A) how much time should be left between each task or appointment and which appointment is better than the other
• B) how much time should be left between each task or process and which meeting needs to take place and which does not
• C) priorities, establishing which tasks are more important or urgent than others and how long each one will take
• D) priorities, establishing how urgent each task is and which tasks are needed to ensure the manager is happy

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Definitions:

Merchandise Inventory

Goods that a retailer or wholesaler purchases to sell to customers, held as an asset on the balance sheet.

Work in Process

Refers to partially finished goods that are still in the production process at the end of an accounting period.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in calculating the cost of inventory or the average cost of capital.

Unit Cost

The cost incurred to produce, purchase, or acquire a single unit of a product or service.