Which of the Following Statements About the Development of Operations

question 44

Multiple Choice

Which of the following statements about the development of operations function mission,objectives,and strategies is FALSE?

• A) Operations objectives and strategies provide both short-term and long-term decision making focus and direction.
• B) In the development of an operations strategy, it is essential that operations objectives of cost, quality, delivery dependability, and flexibility be all equally weighted due to their equal importance.
• C) Examples of internal factors, which should be examined in the development of operations strategies, include product line considerations, the condition of existing equipment, and current facility capacities.
• D) An organization's mission, distinctive competence, objectives, and strategic decisions compose the organization's strategy.

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Definitions:

Beginning Inventory

The value of all the inventory held by a company at the start of an accounting period, used to calculate the cost of goods sold.

Net Purchases

The total amount of purchases made by a business after subtracting returns, allowances, and discounts.

Net Purchases

Net Purchases refers to the total amount of purchases made by a company after subtracting any returns, allowances, and discounts received.

Ending Inventory

is the total value of goods available for sale at the end of an accounting period after accounting for all additions and subtractions during the period.