Question 70 - Which of the following guarantees that funds will be available?

revolving credit agreement

trade draft

pledging

line of credit

trade credit

Question 71 - A control chart is

a process control method that plots test sampling results on a diagram to determine when a process is beginning to depart from normal operating conditions.

the process of evaluating all work activities, materials flows, and paperwork to determine the value they add for customers.

the process by which a company implements the best practices from its own past performance, and those of other companies to improve its own products.

a method for gathering data to analyze variations in production activities to see when adjustments are needed.

a method for improving quality by identifying current costs and areas with the greatest cost saving potential.

Question 72 - The consistency of product quality from one finished product to the next is

quality control.

quality reliability.

quality circles.

total quality management.

performance quality.

Question 73 - What is the first step in the reengineering process?

Identify the process for reengineering.

Understand the current process.

Create a new process design.

Evaluate information and human resource requirements for reengineering.

State a case for action.

Question 74 - The fourth step in the reengineering process is to understand the current process. Which of the following are the key resources for this step?

process analysis skills

company vision statement; awareness of competitive status

teamwork; customer focus

process flow analysis; process mapping

information technology; business culture management