The Use of Outsourcing Allows the Firm to Focus On

question 22

Multiple Choice

The use of outsourcing allows the firm to focus on:

• A) business continuity plans.
• B) downsizing.
• C) telecommuting.
• D) core competency.

Recognize the significance of human factors in production and manufacturing environments.

Identify the differences and applications of intermittent and continuous production systems in service and manufacturing businesses.

Grasp the integration and benefits of using CAD (Computer-Aided Design) and CAM (Computer-Aided Manufacturing) technologies in modern production facilities.

Appreciate the role of flexible and customer-driven production systems in enhancing job satisfaction and operational efficiency.

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Definitions:

Intragroup Sale

Transactions related to sales or transfers of goods and services within entities of the same group.

Consolidation Worksheet

A tool used in the preparation of consolidated financial statements, helping to combine the financials of a parent company and its subsidiaries.

Inventories

Refers to raw materials, work-in-progress goods, and finished goods that a company holds with the intention of selling them in the ordinary course of business.