Which of the Following Statements Is True of a Process

question 30

Multiple Choice

Which of the following statements is true of a process map

• A) It distorts the boundaries of a process.
• B) Including non-value-added activities in a process map is one of the important responsibilities of operations managers.
• C) It documents how work either is or should be accomplished.
• D) Adding multiple approval requirements for all transactions in a process map is a crucial part in the creation of the process map.

---

Definitions:

Variances

The differences between planned financial outcomes and the actual results, used in budgeting and accounting to track performance and plan future activities.

Cost of Goods Sold

The total cost associated with producing goods that have been sold during a specific period, including materials and labor.

Favourable Variances

Financial indicators that actual revenues are higher or costs are lower than what was originally planned or budgeted.

Standard Costs

Predetermined costs for manufacturing a product or providing a service, used as benchmarks for measuring performance.