Measurement Systems in Productivity Management Must Be

question 2

Multiple Choice

Measurement systems in productivity management must be:

• A) Consistent, recordable, manageable, qualitative, and inexpensive
• B) Flexible, manageable, safe, qualitative, and comparable
• C) Trended, inexpensive, automated, documentable, and comprehensive
• D) Consistent, reliable, measurable, quantitative, and comprehensive.

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Definitions:

Sales Budget

A detailed projection of a company’s sales, in units and dollars, for a specific period, guiding production and marketing efforts.

Master Budget

A comprehensive financial plan for an organization that includes all of its revenue and expense accounts, combining them into a consolidated budget.

Budgeted Sales

Projected sales figures for a given period, often used for planning and forecasting purposes within a business.

Credit Sales

Transactions where the payment for the goods or services sold is to be made at a later date.