A Work Flow Analysis BEGINS with

question 3

Multiple Choice

A work flow analysis BEGINS with

• A) an examination of the quantity and quality of the desired and actual outputs.
• B) analysis of job descriptions and job specifications.
• C) evaluating the activities, i.e., the tasks and jobs involved.
• D) assessing the inputs, i.e., the people, material, data, equipment that are used.

---

Definitions:

Credit Memo

A document issued by a seller that reduces the amount owed by a buyer, typically due to a return or rebate.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer assumes responsibility for the goods and their transportation costs from the point of departure.

Insurance in Transit

Insurance in transit covers risk to goods and materials while they are being transported from one location to another.

Inventory Costs

Expenses associated with storing and managing goods that a company holds for sale.