Which of the Following Statements Is False

question 21

Multiple Choice

Which of the following statements is false?

• A) In essence, the value chain and the supply chain are similar; each creates something for which the customer is willing to pay.
• B) Financial accounting information is important because it is sufficient to provide all the information for operational decisions commonly made by managers.
• C) The supply or distribution chain is a linked set of organizations that exchange goods and services in combination to provide a final product or service to the customer.
• D) Eliminating nonvalue-added activities always reduces costs without affecting the value of the product to customers.

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Definitions:

Impressions

The initial perceptions or judgments formed about individuals or situations based on available sensory and contextual information.

Pygmalion Effect

The phenomenon whereby higher expectations lead to an increase in performance.

Performance

Performance refers to the execution of tasks and activities, and how effectively an individual, team, or organization achieves their objectives and goals.

Expectations

Are the beliefs about the future outcomes or performances, which can influence behavior and performance in an individual or group setting.