Which of the Following Statements Regarding Production Operations Is True

question 10

Multiple Choice

Which of the following statements regarding production operations is true?

• A) The first industrial revolution occurred in England in the 1800s and the second in China during the 1990s.
• B) The factory is no longer the centrepiece for manufacturing.
• C) The development of 3-D printing illustrates the third industrial revolution.
• D) Production operations remain environmentally unfriendly.
• E) All of these statements are true.

---

Definitions:

Loss On Bond Retirement

Loss on bond retirement occurs when the redemption price of a bond is higher than its carrying value on the issuer’s books, leading to a financial loss.

Premium On Bonds Payable

The amount by which the bond's selling price exceeds its face value, representing additional cost to the issuer.

Loss On Bond Retirement

A financial loss that occurs when a bond is redeemed before its maturity date and the redemption value exceeds its carrying value.

Interest Payable

A liability account showing the amount of interest expense that has been incurred but not yet paid as of the balance sheet date.