Which Term Refers to All the Activities Involved in Making

question 30

Multiple Choice

Which term refers to all the activities involved in making products-goods and services-for customers?

• A) Operations
• B) Processes
• C) Planning
• D) Scheduling
• E) Performance

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Definitions:

Retained Earnings

The portion of net income left over for a company after it has paid out dividends to its shareholders.

Specific Period

A specific period in accounting refers to a set time frame for which financial statements are prepared or to which particular financial transactions or events pertain.

Retained Earnings

The accumulated portion of net income that a company elects to keep, rather than distribute to shareholders as dividends.

Future Use

Refers to resources or assets that are intended to be utilized in upcoming periods, not immediately.