Production Managers Usually Prefer the Use of Financial Measure of Performance

question 40

True/False

Production managers usually prefer the use of financial measure of performance over physical measures of performance in reports that cover a short period of time.

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Definitions:

Planning

The process of making plans for something, including setting goals and deciding on the actions to achieve them.

Organizing

The process of arranging resources and tasks to achieve objectives efficiently and effectively within an organization.

Leading

The process of arousing enthusiasm and inspiring efforts to achieve goals.

Controlling

In management, it refers to the process of monitoring performance, comparing it with goals, and taking corrective action as needed.