Answer the following statement(s) true (T) or false (F)
1. Operations refers only to the physical process of producing goods.
2. Production is the total process by which a company produces finished goods or services.
3. The terms production, operations, and manufacturing all deal solely with tangible goods and not services.
4. Mass production refers to the production of a large number of customized products.
5. The assembly line, division of labor, and standardization of parts all have made mass production more efficient.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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Discount on Bonds Payable is a contra liability account
a. True b. False Indicate whether the statement is true or false
____________________________________ is (are) the expenditure(s) incurred in the discovery of new knowledge and the translation of research into a design or plan for a new product
Fill in the blank(s) with correct word
Hearing means getting meaning from sounds.
Answer the following statement true (T) or false (F)
The direct cause of market fragmentation is the large number of new technological products introduced annually
Indicate whether the statement is true or false