Which of the Following Statements About the Operations Function Is

question 48

Multiple Choice

Which of the following statements about the operations function is NOT correct?

• A)Inputs to operations can take many different forms.
• B)Nearly all operations activities require coordination with other business functions.
• C)The outputs of an operations function are always tangible.
• D)Operations management activities are information and decision intensive.

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Periodic Inventory System

An inventory system where inventory levels and cost of goods sold (COGS) are updated in the accounting records at the end of an accounting period.

Cost of Goods Sold

The total cost directly related to the production of the goods sold by a company.