The Fact That Managers Use Four Classes of Resources or Inputs

question 161

Multiple Choice

The fact that managers use four classes of resources or inputs to perform organizational processes suggests that management is

• A)resource-based.
• B)output-oriented.
• C)an inefficient process.
• D)a conversion process.
• E)not using its environment wisely.

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Definitions:

Accounts Receivable Turnover

A financial metric indicating how many times a company collects its average accounts receivable within a certain period.

Inventory Turnover

An index that displays the number of times a firm's inventory turns over and is replenished during a specific period.

Total Current Assets

These are all the assets of a company that are expected to be sold, consumed, used, or converted into cash within one year or within the business's normal operating cycle.

Statement of Cash Flows

A financial report detailing the impact of variations in balance sheet accounts and income on cash and cash equivalents, segmented into operating, investing, and financing activities.