Staff Involved in Execution Phase in the Production Cycle Need

question 24

Multiple Choice

Staff involved in execution phase in the production cycle need to: (i) understand the requirements and the nature of the execution plans devised (ii) have the ability to manage the execution plans (iii) the overall goals relating to future production scheduling (iv) the overall constraints relating to future production scheduling

• A)(i)(ii)only
• B)(i)(ii)(iii)only
• C)(i)(ii)(iv)only
• D)(i)(ii)(iii)(iv)

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Definitions:

Documentary Collection

A banking process where the seller's bank collects payment for goods from the buyer, against delivery of certain documents.

Exporter's Bank

A financial institution that provides services and financing to companies involved in exporting goods and services abroad.

Collecting Payment

The process of receiving money owed for goods or services provided.

Mutual Funds

Pooled and repackaged shares of various stocks—as well as other assets like bonds, real estate, and commodities—that allow individual investors to buy smaller stakes in more companies.