What is the relationship between scarce resources and an organization's production capacity?
In the long run, capacity is likely to be constrained by two fundamental resources: labor and machinery. However, in the short run, additional constraints can push capacity to levels below labor and machine capacity. Constraints can be induced by raw material shortages, interruptions in distribution channels, labor strikes in the plants of suppliers of important components, or governmental restrictions on markets (gas rationing, quotas).
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Fake listening is also known as which of the following?
A. psych-listening B. pseudo-listening C. static-listening D. simple listening
What is parallel importing?
a. trade customers buy goods cheaper abroad, import them and undercut the manufacturer b. a manufacturer piggybacks on another manufacturer’s distribution channel c. a manufacturer imports and prices two product lines together d. distributors put together a large shipment of different goods to cut costs e. an agreement between two companies to swap shipments of goods without any money changing hands
CASE tools can allow the user to easily draw and modify diagrams
Indicate whether the statement is true or false
Which of the following statements about budgeting is false?
A. Budgeting is an aid to planning and control. B. Budgets help coordinate the activities of the entire organization. C. Budgets create standards for performance evaluation. D. Budgeting forces managers to think ahead and formalize future objectives. E. The master budget should only be prepared by top management.