CMO1 Wgu

Topics: Costs, Manufacturing, The Weakest Link Pages: 3 (694 words) Published: April 13, 2015
In an organizational chart, the boxes represent areas of management responsibility.

The manager of the accounting department is known as the controller.

Since the early 1980's, companies have gone through several waves of improvement programs, including Just-in-time (JIT), Total Quality Management (TQM), and Process Reengineering. Control Theory (TC) does not represent an improvement program.

The JIT approach has the most profound effects on the operations of manufacturing companies that maintain all three classes of inventories: raw materials, work in process, and finished goods.

Ideally, raw materials are received just in time to go into production when a JIT system is in place.

Procedures inherent in the Theory of Constraints include, but are not limited to the following: identify the weakest (rather than the strongest) link, do not place a greater strain on the system that the weakest link (rather than the strongest link) can handle, and concentrate improvement efforts on Strengthening the weakest (rather than the strongest) link. To be effective, improvement efforts must be focused on the constraint.

Six Sigma is a process improvement method that relies on customer feedback and fact-based data gathering and analysis techniques to drive process improvement.

The IMA's Statement of Ethical Professional Practice includes all of the following broad categories: competence, confidentiality, and integrity.

The Sarbanes-Oxley Act of 2002 requires that the CEO and CFO (rather than the CFO and the Controller) certify in writing that their company's financial statements and accompanying disclosures fairly represent the results of operations.

Which of the following statements about corporate social responsibility (CSR) is correct? CSR is a concept whereby organizations consider the needs of all stakeholders when making decisions. CSR extends beyond legal compliance. CSR includes voluntary actions that satisfy the expectations of customers,...
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