What Are the Two Primary Sub-Areas of Operations Control

question 14

Multiple Choice

What are the two primary sub-areas of operations control?

• A) Purchasing and inventory control
• B) Materials management and purchasing
• C) Just-in-time inventory systems and PERT charts
• D) Material management and production process control
• E) Inventory control and materials inventory

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Definitions:

Per-Unit Basis

A method of expressing or measuring something in terms of a single unit or a fixed amount per unit.

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed, indicating how much of an additional dollar earned will be taken in taxes.

Taxable Income

The sum of money earned by a person or a business that is used to calculate the owed tax payable to the government.

After-Tax Income

The amount of income that remains after all taxes have been deducted.