Which of the following are profit categories?I) Gross ProfitII) Operating ProfitIII) Net ProfitIV. Variable Profit
Answer(s): A
Which of the following are profit categories?1. Gross Profit2. Operating Profit3. Net ProfitThere is no such thing as Variable Profit
Which of the following are assets of a company?I) InventoryII) PeopleIII) RentIV. Facilities
Answer(s): B
Which of the following are assets of a company?1. Inventory2. People3. FacilitiesRent would not be considered an asset of a company
What is the MOST critical factor for a company to achieve manufacturing excellence?
The most critical factor would be to improve quality to achieve manufacturing excellence.
There are 5 performance objectives that are set out to satisfy the market place. The five are Quality, Speed, Flexibility, Cost, and what is the final performance objective?
Answer(s): C
The fifth performance objective is dependability. It is saying that a company delivers the goods or services in the time frame promised. The customer can rely on the company when needed.
Which of the following is not an area under Theory of Constraints?
Elimination is not under theory of Constraints but in a bigger idea of Lean and JIT. All other choices are areas under Theory of Constraints
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