Which of the Following Statements Is More of a General

question 63

Multiple Choice

Which of the following statements is more of a general characteristic of a manufacturing organization, as compared to a service organization?

• A) Short-term demand tends to be highly variable.
• B) Operations are more capital intensive.
• C) Outputs are more intangible.
• D) Quality is more difficult to measure.

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Definitions:

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Payment

The act of transferring money or its equivalent in return for goods, services, or fulfilling an obligation.

Land Resources

Natural resources encompassing geographical territories and the natural materials available within them, such as water, minerals, and fertile land used for agriculture.

Money

Anything that is generally accepted in exchange for goods and services.