Which One of the Following Statements Concerning Process Management Is

question 126

Multiple Choice

Which one of the following statements concerning process management is TRUE?

• A) Process management is a short-term decision, and thus it has a tactical rather than a strategic focus.
• B) Process changes should be made only when introducing new products or services.
• C) The variable underlying all five major process decisions is volume.
• D) A company's operations strategy is the primary output of its major process decisions.

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Definitions:

Equity Method

A method of accounting for investments in which the investor recognizes income based on the proportionate share of the investee’s profit or loss.

Investment Account

An account held at a financial institution or brokerage that is used to hold securities, stocks, bonds, mutual funds, and other investments.

Proportionate Share

This refers to an investor's or shareholder's portion of profits, losses, or stock based on their percentage ownership in the company.