An Organization That Produces a Few Products by Continuously Feeding

question 170

Multiple Choice

An organization that produces a few products by continuously feeding raw materials through a highly automated production system with largely computerized controls is using __________ technology.

• A)Continuous-process production.
• B)Mass production.
• C)Intensive.
• D)Supplier-linked.
• E)Long-linked.

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Definitions:

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue; calculated by dividing sales by total assets.

Fixed-Asset Turnover

A financial ratio that measures a company's efficiency in using its fixed assets to generate sales, indicating how well assets are being managed.

EVA

Economic Value Added is a measure of a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit, adjusted for taxes on a cash basis.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.