Which of the Following Is Not True About the Operations

question 59

Multiple Choice

Which of the following is not true about the operations plan portion of the business plan  

• A) Only service businesses need an operations plan.
• B) An operations plan describes the flow of goods and services from production to customer.
• C) The role of technology in the business transaction process is discussed.
• D) The shipping process and inventory control process can be discussed in this section.

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Definitions:

Life-cycle Pattern

A theory suggesting that individuals plan their consumption and savings behavior over their lifetime, taking into account expected income changes and retirement needs.

Income Variation

Fluctuations in an individual's or household's income due to factors like employment changes, investment returns, or economic conditions.

Annual Income

The total amount of income received over a one year period from all sources including wages, salaries, benefits, dividends, and interest.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of goods and services.