The Contemporary Operations Themes Signify That

question 25

Multiple Choice

The contemporary operations themes signify that:

• A)More emphasis should be placed on manufacturing than on service industries
• B)Every operation should be externally directed to meet the customers' requirements
• C)Operations decisions should precede decisions in other functions in an organization
• D)To be competitive,strategies for operations should exclude broader supply chain issues

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Definitions:

Job Order Cost System

An accounting system used to accumulate costs associated with a specific job or order, helping in tracking the expenses related to individual projects or jobs.

Process Cost System

A method of costing used to assign costs to units of production in industries where the products are indistinguishable from each other and produced in a continuous flow, such as in manufacturing of chemicals or food.

Process Cost System

An accounting system used to track costs associated with processes that produce homogeneous products.

Unit Costs

The cost incurred to produce, store, and sell one unit of a product or service.