According to Goldratt

question 20

Multiple Choice

According to Goldratt:

• A)An hour lost at the bottleneck is an hour lost for the entire system.
• B)A product coming out of a non-bottleneck is precious and should not be wasted.
• C)Maximizing the efficiency of all resources would generate money for the company.
• D)Utilization,Productivity,and Operating Expenses are the three vital metrics of a process.
• E)None of the above.

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Definitions:

Forward Contracts

Non-standardized contracts between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Organized Exchange

A regulated marketplace for the trading of securities, commodities, derivatives, and other financial instruments.

Futures Contracts

Standardized agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Traded

The act of buying, selling, or exchanging assets, securities, or commodities in financial markets.