Which of the Following Accurately Describes the Difference Between the Terms

question 51

Multiple Choice

Which of the following accurately describes the difference between the terms operations and production?

• A)Operations is the first step in manufacturing,whereas production is the last step.
• B)Operations is simply an analysis of inputs and outputs,whereas production includes a wide range of organizational activities and situations.
• C)Operations includes processes used in the making of both tangible and intangible products,whereas production is related only to tangible products.
• D)Operations focuses solely on quality,whereas the primary focus of production is productivity.
• E)Operations is restricted to small businesses,whereas production occurs in both small and large businesses.

Evaluate the role of plantation systems in the Chesapeake region and their economic outcomes.

Identify the transitions in slave and free black populations in various regions during the 18th century.

Understand the conditions and experiences of the Middle Passage as part of the transatlantic slave trade.

Analyze the diverse origins of African slaves and the formation of African-American culture and community.

---

Definitions:

Cash Dividends

Payments made by a corporation to its shareholders, typically from profits, in the form of cash.

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing shareholders' equity and outstanding shares.

Cash Dividend

A payment made by a company out of its earnings to shareholders, distributing profits in the form of cash.

Journal Entries

The method by which financial transactions are recorded in an accounting system, typically involving a debit to one or more accounts and a credit to another in equal amounts.