Which of the Following Statements About Operations Objectives Is NOT

question 10

Multiple Choice

Which of the following statements about operations objectives is NOT true?

• A) Focusing attention on improving quality frequently results in lower costs.
• B) Reducing costs often causes improvement in quality.
• C) Each of the operations objectives can be improved nearly simultaneously.
• D) Reducing the time necessary to produce and deliver a product will result in greater flexibility.

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Definitions:

Initial Deposit

The first sum of money placed into an account to open it or start an investment.

Nominal Interest Rate

The stated interest rate on a loan or investment, not accounting for compounding or inflation effects.

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal sum each month, leading to an increase in the amount of subsequent interest accrued.

Financing

The process of providing funds for business activities, making purchases, or investing.