Which of the Following Is an Effective Way to Trim

question 14

Multiple Choice

Which of the following is an effective way to trim overhead?

• A)When able, buy instead of leasing.
• B)Hire more full-time employees; reduce the number of part-timers.
• C)Eliminate zero-based budgeting.
• D)Negotiate fixed loan payments to coincide with company cash flow.

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Definitions:

Value-stream Map

A visual tool used in lean manufacturing to analyze and design the flow of materials and information required to bring a product to a customer.

Inventory Quantities

The amounts of each item or resource held in stock by a business or organization.

Service Blueprint

A detailed map or diagram that displays all activities and touchpoints involved in delivering a service, highlighting customer interactions and backend processes.

Activity Times

The duration required to complete specific tasks or processes in project planning and management.