For What Purpose Is the Theory of Constraints Used

question 46

Multiple Choice

For what purpose is the theory of constraints used?

• A)To reduce product defects.
• B)To balance performance measurement
• C)To identify and manage organizational bottlenecks.
• D)To reduce inventory levels.
• E)To seek best practices by comparing existing methods and performance levels with those of other organizations.

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Definitions:

Uncertified Check

A check that the bank has not guaranteed or verified regarding the availability of funds, standing in contrast to a certified check.

Presented For Payment

The act of submitting a financial instrument, such as a check or draft, to the responsible party for the transfer of funds as specified.

Negotiable Instrument

A written document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, including sales of goods and secured transactions.