Cheryl Steffan Is the Operations Manager for Nature's Bread Company,which

question 56

Multiple Choice

Cheryl Steffan is the operations manager for Nature's Bread Company,which specialises in providing natural products for health conscious individuals.Cheryl is responsible for compiling,analysing and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of the type of information Cheryl would be using to successfully perform her job?

• A)Craig Newmark is customer number 15467.
• B)Compare the costs of supplies, including energy, over the last five years to determine the best-selling product by month.
• C)Best-selling product by day.
• D)Best-selling product changes when Tony the best baker is working.

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Definitions:

Budgeted Required Production

The quantity of products that must be produced in a given period to meet sales needs and inventory policies.

Budgeted Required Production

The quantity of products that must be produced during a specific period, according to the budget plan.

Budgeted Sales

The forecasted quantity of sales, often in units or financial terms, that a business plans to achieve in a specific period.

Expected Cash Collections

The projected amount of money a company anticipates receiving from customers in a future period, based on sales and credit terms.