According to the Text,it Is Useful to Think of the Operations

question 69

Multiple Choice

According to the text,it is useful to think of the operations of a firm as a(n) _____ composed of a series of distinct activities,including production,marketing and sales,materials management,R&D,human resources,information systems,and the firm infrastructure.

• A)functional stream
• B)assembly line
• C)supply chain
• D)value chain

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Definitions:

Federal Unemployment Tax

A payroll tax paid by employers based on the wages paid to employees, used to fund state workforce agencies.

FICA Tax

Federal Insurance Contributions Act tax, a U.S. federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Tax

A tax levied by the federal government on the annual income of individuals, corporations, trusts, and other legal entities.

Payroll Tax Expense

Taxes imposed on employers and employees, calculated as a percentage of salaries paid.