Question 15.15.( TCO 6) Production and operations management is best described by which of the following?( Points: 5)
Overseeing all of the activities involved in producing goods and services
Designing machines to do multiple tasks
Tailoring products to meet the needs of a large number of customers
Using technology and robotic units to assist with plant operations
Short production runs and the machines being adjusted frequently
Question 16.16.( TCO 7) A common reason that companies fail is( Points: 5)
underspecialization. an excellent control of cash flow. a lack of adequate sales revenue. an inadequate control of expenses. an inadequate managerial expertise.
Question 17.17.( TCO 7) What are the three interrelated reports required by law for all publically traded companies that act as vital management tools for all companies, big and small?( Points: 5)
Ledger, operating budget, balance sheet Journal, adjusted trial balance, income statement Balance sheet, income statement, statement of cash flows