Which One of the Following Statements Is TRUE

question 47

Multiple Choice

Which one of the following statements is TRUE?

• A) The absolute number of Canadian manufacturing jobs has decreased since the late 1950s because the percentage of service jobs in the economy increased.
• B) Service- sector organizations generally cannot utilize operations management techniques.
• C) Because outputs from service organizations typically cannot be inventoried, inventories are of little importance to service systems.
• D) The share of the workforce in service jobs in countries such as Canada, France, Britain, Japan, and the United States is well above 60 percent.

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Definitions:

Normal Standard

A benchmark or baseline condition expected to be present in a set of data, processes, or operations.

Direct Materials Price Variance

The difference between the actual cost of direct materials and the expected cost at standard prices.

Actual Price

The price at which goods or services are sold, reflecting current market conditions.

Standard Price

A predetermined cost serving as a benchmark for the valuation of goods and services in accounting and budgeting.