If Your Goal Is to Maximize the Profit You Gain

question 17

Multiple Choice

If your goal is to maximize the profit you gain from field supervision,the following would be an ineffective strategy that would hinder you from attaining that goal:

• A)Keep your limitations from your client.
• B)Express your reactions in supervision meetings.
• C)Be willing to learn from your supervisors,yet try different styles.
• D)Focus on learning models of helping clients as well as understanding your dynamics of a helper and a person in relationship to your client.

Calculate throughput time for order processing.

Compute manufacturing cycle efficiency (MCE) and understand its relevance.

Determine the percentage of non-value-added activities in production time.

Calculate delivery cycle time.

---

Definitions:

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, following the double-entry system.

Days' Cash on Hand

A financial metric indicating the number of days a company can continue to operate using only its available cash, without additional income.

Cash Account

A financial record that tracks the cash transactions of a business, reflecting all inflows and outflows of cash.

Evaluating Across Companies

The process of comparing financial performance, strategies, and metrics of different companies within the same industry.