Mason Is in Charge of the Production Facility

question 38

Multiple Choice

Mason is in charge of the production facility.He has recognised a problem with the flow of the goods and has prepared a program to change the steps of the production.He has made the decision in order to improve the workflow for his employees and the profitability of the organisation. Mason's decision is a reflection of his:

• A)dutiful commitment.
• B)achievement orientation.
• C)organisational constraints.
• D)reward system.

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Definitions:

Accounts Receivable Turnover

A financial ratio indicating how efficiently a company collects its receivables or the credit it extends to customers.

Inventory Turnover

A measure of how quickly inventory is sold, calculated by dividing the cost of goods sold by the average inventory.

Cash Ratio

A metric assessing the capacity of a business to settle short-term debts with its available cash and near-cash assets.

Inventory Turnover

A metric demonstrating the rate at which a company's inventory turnover occurs, signaling the proficiency of its inventory handling over a defined period.