Describe the theory of constraints. In doing so, define bottlenecks and throughput
The theory of constraints is a management tool for dealing with constraints, which is a limitation of some sort in the production process. To apply the theory of constraints, management should identify and attempt to relieve bottlenecks in the production process. A bottleneck is a constraint in the production process that limits throughput. Throughput is the amount of finished goods that result from the production process.
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When preparing a bank reconciliation, outstanding checks would be
A) added to the balance per bank statement. B) added to the balance per company records C) deducted from the balance per bank statement D) deducted from the balance per company records
Debriefing occurs after the experiment and entails informing test subjects what the experiment was about and how the experimental manipulations were performed
Indicate whether the statement is true or false
An aging of a company's accounts receivable indicates that $2,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $200 credit balance, the adjustment to record bad debts for the period will require a
A) debit to Bad Debt Expense for $2,200. B) debit to Bad Debts Expense for $2,000. C) debit to Bad Debts Expense for $1,800. D) credit to Allowance for Doubtful Accounts for $3,000.
Research in the local market by home-country researchers can be impeded by
A. an inability to supervise locally hired researchers. B. the locals' inclination to develop long answers to questions. C. jet lag, other travel-related issues, and a hurried schedule. D. language issues within the market and between the researcher and the market members.