Which Statement Is CORRECT

question 118

Multiple Choice

Which statement is CORRECT?

• A) A function is a set of responsibilities allocated to a service manager
• B) A process is a team or group of people and the tools they use to perform one or more activities
• C) A function is a set of specialized organizational capabilities
• D) A process is a structured set of activities designed to accomplish a specific objective

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price within a certain time period.

Supply Unchanged

A situation in which the quantity of a good or service available in the market does not increase or decrease over a period.

Quantity Supplied

The volume of a good or service that manufacturers are prepared and able to offer for sale at an established price within a given interval.

Quantity Demanded

The aggregate quantity of a product or service that buyers intend to buy at a specific price point within a certain timeframe.