INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 169

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Once you define your [short-term | long-term] financial goals,you can prepare a cash budget for the upcoming year.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Product-Based Definition

Characterization of a product strictly in terms of its physical attributes and features.

Poka-Yoke

Literally translated, “foolproof”; it has come to mean a device or technique that ensures the production of a good unit every time.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes over time.

Profitability

A measure of the efficiency and effectiveness of a company in generating profits from its operations, indicative of its financial health over time.