The Fruitiest Candy Company finds that from time to time it…

The Fruitiest Candy Company finds that from time to time it needs short-term funds to cover its operating expenses. It wants to establish a prearranged loan with a bank but has not found a bank that will guarantee such a loan. Perplexed by this, the management team asks you how they should proceed. You recommend that they

A company like Motorola might establish a goal of reducing i…

A company like Motorola might establish a goal of reducing its inventory by 50 percent over the next year. To ensure that it reaches this goal, the company could monitor its progress on a quarterly or monthly basis. If the managers at Motorola discover that there is a danger of not achieving this goal, they can take corrective action to adjust for the deficiency. This is a description of the managers’ ____ function.