Which of the Following Is an Important Part of Operations

question 128

Multiple Choice

Which of the following is an important part of operations management?

• A) Determining the best means of financing the firm's operations
• B) Developing the best advertising strategy to promote a firm's products
• C) Deciding whether to pay a dividend to the firm's stockholders
• D) Choosing the best location for a firm's facilities

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Definitions:

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.

Prepaid Expenses

Prepaid expenses are costs for goods or services that are paid in advance of the receipt or use, recognized as assets on a balance sheet.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, representing the wear and tear, or expiry of the asset's practical lifespan.

Billed

Billed refers to the issuing of invoices to customers for products sold or services rendered, indicating the amount due for payment.