The Two Most Important Planning Tools Are ________

question 50

Multiple Choice

The two most important planning tools are ________.

• A) forecasting and scheduling
• B) forecasting and routing
• C) designing and scheduling
• D) routing and designing
• E) procuring and simulating

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Definitions:

Operating Assets

Cash, accounts receivable, inventory, plant and equipment, and all other assets held for operating purposes.

Margin

The difference between the selling price of a product or service and its production or acquisition cost, often expressed as a percentage.

Return on Investment

A measure of the profitability of an investment expressed as a percentage of the initial amount invested.

Turnover

The rate at which inventory or assets are replaced over a given period, or alternatively, the total amount of a company's sales or revenues.