Which One of the Following Statements Is True

question 37

Multiple Choice

Which one of the following statements is true?

• A)Plant or facilities management involves ensuring sufficient capacity or maximum output is available.
• B)People or labor management involves hiring and maintenance of a sufficiently skilled work force.
• C)Parts or inventory management involves tradeoffs between maintaining huge amounts of inventory to ensure any demand for the product can be readily met and the costs associated with maintaining huge amounts of inventory.
• D)All of the above.

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Definitions:

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Chain-style Business

A business model where multiple outlets are owned, franchised, or managed under a single brand or corporation.

Franchisor's Standards

Regulations and expectations set by the franchisor that the franchisee is required to follow to maintain the consistency and quality of the brand.

Franchise

A licensed privilege to operate a business under a larger company's brand and operational model, often including a specific geographic area.