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Unformatted text preview: . : : : 13/6/2007 : : : : Question 1 (12 marks): Choose the term that most appropriately complete the following statements:- 1.____________________ That point in the manufacturing process where some or all of the joint products can be recognized as individual products. 2.____________________ A detailed plan for the future , usually expressed in formal quantitive terms. 3.____________________ A production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand. 4.____________________ The time required to manufacture a unit of product . 5.____________________ Any part of an organization that can be evaluated independently of other parts and about which the manager seeks financial data. 6.____________________ A measure, at a given level of sales, of how a percentage change in sales volume will affect profits. 7.____________________ An integrated set of performance measures that is derived from and supports the organization's strategy. 8.____________________ Any cost that has already been incurred and that cannot be changed by any decision made now or in the future. 9.____________________ The discount rate at which the net present value of an investment project is zero. 10.____________________ An approach to improvement that involves completely redesigning business processes in order to eliminate unnecessary steps, reduce errors, and reduce costs. 11 _________________ . . 12 _________________ . . 13 _________________ . . 14 _________________ . . 15 _____________ ....
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This note was uploaded on 10/17/2010 for the course EXAMS E0000000 taught by Professor Salemh. during the Spring '10 term at Islamic University.
- Spring '10