Which of the Following Is a Problem Definition Tool from the Operations

question 2

Multiple Choice

Which of the following is a problem definition tool from the operations consulting tool kit?

• A)Plant tours/audits
• B)Work sampling
• C)Gap analysis
• D)Balanced scorecard
• E)Responsibility charts

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Definitions:

Indorses

Endorses or signs the back of a financial instrument (such as a check) to transfer rights to another party.

Credit Union

A member-owned financial cooperative that provides banking services, including savings and loan facilities, to its members.

Shelter Principle

The principle that the holder of a negotiable instrument who cannot qualify as a holder in due course (HDC), but who derives his or her title through an HDC, acquires the rights of an HDC.

HDC Status

HDC status refers to being recognized as a Holder in Due Course, which grants certain legal protections in the context of financial instruments, emphasizing good faith acquisition and the absence of knowledge of defects.