Operations Management Can BEST Be Used to Improve Speed by

question 79

Multiple Choice

Operations management can BEST be used to improve speed by

• A) maximizing the number of approvals needed so that mistakes are caught beforehand,then moving ahead at full speed.
• B) using individual work assignments because of the clear accountability that results.
• C) starting from scratch,which usually enhances speed more than modifying current systems.
• D) rigidly adhering to schedules.
• E) eliminating elements of the organization culture that have been ineffective.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a public market.

Cash Dividend

A payment made by a company out of its profits to its shareholders in cash, typically on a regular basis.

Treasury Stock

Shares that were once part of the outstanding shares and have been bought back by the issuing company, reducing the amount of stock on the open market.

Common Stock

Equity shares that represent a form of corporate ownership, entitling the shareholder to a share of the company's success through dividends and or capital appreciation.