Synthesis Inc

question 70

Multiple Choice

Synthesis Inc. periodically reviews the goals of the company. During the process, the managers of the company analyze their current strategies as compared to their competitors' strategies, determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals. With these actions, the managers are engaged in the management function of

• A) organizing.
• B) planning.
• C) goal coordination.
• D) controlling.
• E) leading.

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Definitions:

Finite Capacity Scheduling

A method for planning and controlling production where the limited availability of resources (machines, labor, etc.) is taken into account.

Instantaneous Changes

Rapid alterations in a system or process that occur in a nearly zero time frame, often used in physics to describe acceleration or in finance for stock price movements.

Rule-Based Scheduling

A method of organizing tasks or operations based on a set of predetermined rules to optimize performance or resource allocation.

Critical Ratio Sequencing

A prioritizing technique used in production scheduling where jobs are sequenced based on the ratio of the remaining time to due date to the remaining work.