The Development of a Set of Functional-Level Strategies to Increase

question 23

Multiple Choice

The development of a set of functional-level strategies to increase the performance of the operating system a company uses to transform inputs into finished goods and services is known as:

• A)Research and development
• B)TQM
• C)Value chain management
• D)Materials management
• E)Efficiency management

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Definitions:

Days' Sales Uncollected

A financial metric that measures the average number of days it takes for a company to collect payment after a sale has been made.

Liquidity

The ability of an asset to be quickly converted into cash without significantly affecting its market price.

Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Maker

In finance, the party that creates or issues a promissory note.