Which One of the Following Statements Concerning Process Management Is

question 84

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) A company's operations strategy is the primary output of its major process decisions.
• D) The variable underlying all five major process decisions is volume.

---

Definitions:

Book Value

The net value of a company's assets minus its liabilities and intangible assets, often used to determine a company's actual value.

Double-declining-balance

A method of accelerated depreciation where the depreciation expense decreases over time, doubling the rate of straight-line depreciation.

Salvage Value

The forecasted resale price of an asset at the end of its service life.

Depreciation Expense

An accounting method used to allocate the cost of a tangible or physical asset over its useful life, reflecting wear and tear, deterioration, or obsolescence of the asset.