Slack is best described as which of the following?

Study for the Rutgers Business Policy and Strategy Exam. Prepare with flashcards and multiple choice questions, each featuring hints and explanations. Enhance your readiness for the test!

Multiple Choice

Slack is best described as which of the following?

Explanation:
Slack is the cushion of resources that are available but not currently in use, exceeding the minimum needed to achieve a given output level. This buffer—whether extra capacity, spare inventory, or financial reserves—lets a company absorb variability and respond quickly to unexpected demand, supply disruptions, or maintenance needs without slowing production. It’s about unutilized or recoverable resources that can be mobilized when needed, not intangible assets like goodwill, a marketing budget line, or a labor contract.

Slack is the cushion of resources that are available but not currently in use, exceeding the minimum needed to achieve a given output level. This buffer—whether extra capacity, spare inventory, or financial reserves—lets a company absorb variability and respond quickly to unexpected demand, supply disruptions, or maintenance needs without slowing production. It’s about unutilized or recoverable resources that can be mobilized when needed, not intangible assets like goodwill, a marketing budget line, or a labor contract.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy