Operations Managers Will Need to Consider Ethical and Social Responsibility

question 5

Multiple Choice

Operations managers will need to consider ethical and social responsibility issues when location decisions involve

• A) child labor issues
• B) sweatshop conditions
• C) allegiance to the firm's current location
• D) corruption
• E) all of the above

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Definitions:

Outstanding Checks

Checks that have been issued and recorded in a company's financial records but have not yet been cashed or cleared by the bank.

NSF

An acronym for "Non-Sufficient Funds," indicating that a check cannot be processed due to insufficient money in the account.

Bank Reconciliation

The process of comparing and adjusting a company's financial records to match the transactions recorded by the bank, ensuring accuracy in the accounts.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement.