Manufacturing Cycle Efficiency Relates to ________________ Activities

question 120

Multiple Choice

Manufacturing cycle efficiency relates to ________________ activities.

• A)production
• B)sales
• C)production and sales
• D)strategic

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Definitions:

Net Sales

The total revenue from sales reduced by returns, allowances, and discounts.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.

Cost of Goods Sold

The total direct costs incurred in producing goods which are sold, including materials and labor.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.