Owen Is a Factory Manager for Gateway Computers and Is

question 68

Multiple Choice

Owen is a factory manager for Gateway Computers and is conducting a visual inspection of component hardware and comparing against established quality standards. Owen is measuring ______.

• A) benchmarking
• B) production planning
• C) critical path
• D) quality control

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Definitions:

Operations

The day-to-day activities involved in running a business, focusing on producing goods and services efficiently and effectively.

Cash Equivalents

Highly liquid investments that are usually reported with cash on the balance sheet.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, divided into operating, investing, and financing activities.

Cash

Coins, currency (paper money), checks, money orders, and money on deposit that is available for unrestricted withdrawal from banks and other financial institutions.