Which of the Following Statements Is True About the Major

question 33

Multiple Choice

Which of the following statements is true about the major functional areas in a business enterprise?

• A) An R&D function is an integral part of all businesses.
• B) Operations managers create branding and advertising strategies to communicate with potential customers.
• C) Accounting specialists work closely with other functional areas to ensure profitable decision making.
• D) Managers in finance and accounting functions remain uninvolved in the hiring and training process.
• E) Social media has resulted in customers being passive recipients of broadcast advertising messages rather than being participants in a multidirectional conversation with companies.

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Definitions:

Financial Based 3PL

A third-party logistics provider that offers financially focused services, including cost management, freight payment, and financial settlement, in addition to traditional logistical services.

Financial Interest

An economic stake or concern in an entity or transaction, potentially influencing personal or organizational decisions and behavior.

Outsourcing

The practice of hiring third-party vendors to perform tasks, handle operations, or provide services that are either difficult to manage or outside the core competencies of the hiring company.

IT Gap

The discrepancy between an organization's current information technology capabilities and the technology needed to achieve its goals or meet demand.