Strategies to Increase the Efficiency of Service Operations Include All

question 1

Multiple Choice

Strategies to increase the efficiency of service operations include all of the following except:

• A)buffering.
• B)smoothing.
• C)anticipating.
• D)rationing.
• E)allocating.

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Definitions:

Note Payable

A written promissory note in which one party agrees to pay another party a definite sum of money either on demand or at a specified future date.

Capital Account

This account records the investments made by owners or shareholders into a company, along with retained earnings and accumulated other comprehensive income.

Capital Balances

The amount of money that partners or owners have invested in a business, often reflected in the equity section of the balance sheet.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, representing the actual earnings retained.