Common Causes of Ongoing Variances That Operations Management Should Correct

question 33

Multiple Choice

Common causes of ongoing variances that operations management should correct include which of the following?

• A) Scheduling errors
• B) Inaccurate documentation
• C) Weak designs
• D) all of the above

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Definitions:

Years

Units of time measuring the duration of 365 days (or 366 days in a leap year), commonly used to quantify time.

Effective Annual Rate

The interest rate on an investment or loan that considers the effect of compounding over a one-year period.

Continuous Compounding

The process of calculating interest and reinvesting it into an account continuously, generating earnings on both the initial principal and the accumulated interest.