Solved

Select the Term from the List Provided That Best Matches

Question 153

Matching

Select the term from the list provided that best matches each of the following descriptions.

Premises:
Efforts to open a bottleneck in order to allow more products or services to be produced or sold.
Costs incurred on behalf of the whole company
Decisions which consider limited resources in determining which products to produce and sell
The numbers in decision making that are subject to mathematical manipulation
Evaluating whether an existing machine should be traded in for a newer machine
An offer from someone other than a regular custoer to buy goods or services at below-normal selling prices
The attainment of control over the entire spectrum of business activity from production to sales
Constraint limiting the capacity of the company to produce or sell its products
Companies that provide buyers with preferred customer status in exchange for guaranteed purchase
A practice used by many business to increase profitability through the management of bottlenecks
Responses:
Allocation of scarce resources
Bottleneck
Certified suppliers
Equipment replacement decisions
Facility-level costs
Quantitative characteristics
Relaxing the constraints
Special order decision
Theory of constraints
Vertical integration

Correct Answer:

Efforts to open a bottleneck in order to allow more products or services to be produced or sold.
Costs incurred on behalf of the whole company
Decisions which consider limited resources in determining which products to produce and sell
The numbers in decision making that are subject to mathematical manipulation
Evaluating whether an existing machine should be traded in for a newer machine
An offer from someone other than a regular custoer to buy goods or services at below-normal selling prices
The attainment of control over the entire spectrum of business activity from production to sales
Constraint limiting the capacity of the company to produce or sell its products
Companies that provide buyers with preferred customer status in exchange for guaranteed purchase
A practice used by many business to increase profitability through the management of bottlenecks
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