Which of the Following Is One of the Major Functions

question 31

Multiple Choice

Which of the following is one of the major functions of shop-floor control?

• A) Observing the priorities set for each shop order
• B) Keeping work-in-process inventory out of the way
• C) Conveying shop-order status information to the office
• D) Controlling cost and materials waste
• E) Keeping the workforce fully utilized

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Definitions:

Total Tax

The combined amount of all taxes owed by an individual or corporation in a given year, including federal, state, and local taxes.

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained within the business for reinvestment or to pay debt, rather than being distributed to shareholders as dividends.

Liability

A company's legal financial debts or obligations that arise during the course of business operations.

Dividends

Regular payments made by a corporation to its shareholders out of its profits or reserves.