Which One of the Following Statements Is True About Production

question 39

Multiple Choice

Which one of the following statements is true about production in organizations?

• A)Production is considered a process of conception rather than transformation.
• B)The production process does not occur in most service organizations.
• C)Organizational assets remain unaffected in the process of production.
• D)Production can be considered to be the transformation of resources into products.
• E)The production process is not considered a part of an organization's value chain.

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Definitions:

Population Mean

The average of all the values in a population, which is the total set of individuals, items, or data under study.

Sample Size

The number of observations or units included in a sample, which impacts the precision of statistical estimates.

Population Size

The total number of individuals or units in the group that a researcher or analyst is interested in studying.

Mass Marketing

A strategy that aims to promote products and services to a larger audience with the intention of achieving economies of scale and reaching a broad consumer base.