Which One of the Following Statements Is More of a General

question 95

Multiple Choice

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

• A) Output can be inventoried.
• B) The response time is longer.
• C) There is less customer contact.
• D) Quality is not easily measured.

Identify the strategic role of the supply department in contributing to organizational strategy and competitive advantage.

Understand the financial impacts of supply decisions on both the balance sheet and income statement.

Comprehend the importance of sustainability and ethical considerations within the supply chain.

Recognize the evolution of supply management from a transactional to a strategic function.

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Definitions:

Balance

The amount of money present in an account or the difference between the total debits and credits in an account.

Wrong Account

An error where financial transactions are recorded in an incorrect account, potentially affecting the accuracy of financial statements.

Chart of Accounts

An organized list of all accounts in a business's financial system, which helps in recording transactions in the correct accounts.

Special Ledger

A set of subsidiary accounts or a separate bookkeeping system that provides detailed information in addition to the general ledger.