Neal Is a New Manager at a Production Company That

question 7

Multiple Choice

Neal is a new manager at a production company that puts an emphasis on production and accepts a high turnover rate.On the Managerial Grid where should Neal try to place himself?

• A)Country club management
• B)Team management
• C)Impoverished management
• D)Authority-compliance

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Definitions:

Cash Collections

The process of gathering all receivables or cash owed by customers to a business within a specified period.

Average Collection Period

The usual number of days necessary for a firm to get payments from its buyers.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell the goods, and collect the receivables from the sale.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.