Which of the Following Phrases Best Describes Process Focus

question 226

Multiple Choice

Which of the following phrases best describes process focus?

• A) low volume, high variety
• B) Finished goods are usually made to a forecast and stored.
• C) Operators are less broadly skilled.
• D) high fixed costs, low variable costs
• E) low inventory

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Definitions:

Summary Report

A report generated by a management information system that provides a consolidated picture of detailed data; these reports usually include some calculation or visual displays of information.

Transactions

In computing and database management, a transaction is a sequence of information exchange and work done in database systems that are treated as a single unit of work; it must either complete entirely or not at all.

MIS

Short for Management Information Systems, these are computerized databases of financial information organized and programmed in such a way that they produce regular reports on operations for every level of management in a company.

Data Mart

Small slices of a data warehouse grouped together and separated from the main body of data in the data warehouse so that related sets of data can be analyzed.