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| - Predicts how changes in the business will affect its ability to take in more cash than it pays out |
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| - Provide a snapshot of a company’s financial position at a particular time (but not in the future) |
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| " Also profit-and-loss analysis / Show what has happened to an organization’s income, expenses, and net profit over a period of time" |
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| - Typically used to track a business’s liquidity (cash), efficiency, and profitability over time compared to other businesses in its industry |
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| "- Quantitative plans through which managers decide how to allocate available money to best accomplish company goals / - Used to project costs and revenues, prioritize and control spending, and ensure that expenses don’t exceed available funds and revenues" |
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| Economic value added (EVA) |
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| - The amount by which company profits (revenues, minus expenses, minus taxes) exceed the cost of capital in a given year |
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| Continuous flow production |
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| - Products are produced continuously rather than at a discrete rate |
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| - Manufacturing processes that are preestablished, occur in a serial or linear manner, and are dedicated to making one type of product |
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| - A manufacturing operation that produces goods in large batches in standard lot sizes |
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| Manufacturing flexibility |
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| - The degree to which manufacturing operations can easily and quickly change the number, kind, and characteristics of products they produce |
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