MATCHING Complete the Following Using the Terms Listed

question 61

Multiple Choice

MATCHING
Complete the following using the terms listed.
-_____ involves measuring output against established quality standards.

• A)production
• B)computer-aided design (CAD)
• C)quality control
• D)production and operations management
• E)inventory control
• F)quality
• G)computer-aided manufacturing (CAM)
• H)benchmarking
• I)utility
• J)production control
• K)materials requirement planning
• L)make,buy,or lease decision
• M)just-in-time (JIT)system

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Definitions:

Corporate Entity

A corporate entity is a company or group that is authorized to act as a single entity and recognized as such in law, separate from its shareholders.

Promoter

An individual or entity that takes the initiative in founding and organizing a business or enterprise, often before it’s officially established.

Sole Shareholder

An individual or entity that owns 100% of the shares of a corporation, maintaining complete control.

Corporate Assets

Resources or items of value owned by a corporation, including cash, property, and intellectual property, contributing to its overall worth.