Which of the Following Is a Support Activity in the Operations

question 24

Multiple Choice

Which of the following is a support activity in the operations of a firm?

• A)Research and development
• B)Customer service
• C)Marketing and sales
• D)Creation and maintenance of information systems
• E)Production

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Definitions:

Trading Pits

Physical locations on the floor of some exchanges where traders use open outcry and hand signals to buy and sell commodities or financial instruments.

Futures Contracts

Standardized legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Spot Price

The present selling price of a specific asset, such as a commodity, currency, or security, available for instant purchase or sale.

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity, operations, and financial health.