Which of the Following Is NOT Mentioned in the Textbook

question 121

Multiple Choice

Which of the following is NOT mentioned in the textbook as a question that should be asked for each and every step in the organisational process?

• A)How can we better configure our product to satisfy both customers and suppliers?
• B)How can we improve customer service?
• C)How can the flow of material and information be improved?
• D)Where can internal knowledge be leveraged to improve the flow of material and information?
• E)How can we make products cheaper?

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Definitions:

Excess Reserves

These are bank reserves held in excess of what is required by regulations, which can be lent out to generate income.

New Loans

Financial amounts borrowed by individuals, businesses, or governments, typically from banks or financial institutions, that have not previously existed in the market.

Required Reserve Ratio

The fraction of deposits that banks are mandated by the central bank to keep on hand as reserves, rather than loaning out.

Total Reserves

The sum of a bank's deposits held at the central bank and the cash held in vaults.