Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?
I. Serving similar customers with similar demand characteristics is an example of market focus.
II. A company specializing in assembling cars is an example of process focus.
III. A focused factory specializes in a wide product mix.

• A)I only is true
• B)I and II only are true
• C) I and III only are true
• D) II and III only are true
• E)all the above are true.

---

Definitions:

Net Income

The total profit of a company after subtracting all expenses, taxes, and costs from total revenue.

Statement Of Cash Flows

A financial statement that highlights the major activities that impact cash flows and, hence, affect the overall cash balance.

Operating Activities

These involve the primary day-to-day activities of a business, such as sales and the purchase of goods or services, which are reflected in its cash flow.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more different points in time, allowing for analysis of trends in assets, liabilities, and equity.