Teddy Oversees the Activities in Creating the Right Goods and Services

question 143

True/False

Teddy oversees the activities in creating the right goods and services in the right quantities and distributing them to the right customers.His decisions have a major impact on both the revenue and costs his firm incurs,and therefore on the firm's financial success.This is an example of operations management.

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Definitions:

Accounts Receivable Period

The mean amount of time required for a company to receive payments due from its clients.

Sales

The total amount of a company's revenues earned from selling its goods or services.

Collect

Refers to the act of gathering or accumulating items or amounts, often used in the context of collecting payments or data.

Net Cash Flow

Net cash flow is the difference between a company's cash inflows and outflows over a specific period, providing insight into the company's liquidity and financial health.