Which of the Following Statements Is False

question 3

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)Accounting systems are important because they provide all the information for 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:

Salary

A fixed regular payment, usually expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Economic Forecasts

Predictions about future economic activity, including growth rates, inflation, and labor market conditions, based on current and historical data.

In-kind Transfer

In-kind transfers are non-cash distributions of goods or services from governments or organizations to individuals, aimed at assisting with basic needs such as food and housing.

Welfare Payments

Financial assistance provided by a government to individuals in need.