Which of the following is not true about the operations plan portion of the business plan?
A. The role of technology in the business transaction process is discussed.
B. The shipping process and inventory control process can be discussed in this section.
C. Only service businesses need an operations plan.
D. An operations plan describes the flow of goods and services from production to customer.
Answer: C
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The Uniform Commercial Code requires the original owners of the goods to bear the burden of collecting from their fraudulent buyers.
Answer the following statement true (T) or false (F)
On November 1, 2018, Nada, Inc. declared a dividend of $5.00 per share on common stock. Nada, Inc. has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2018. Which of the following is the journal entry needed on November 30, 2018?
A) Debit Cash Dividends $100,000, and credit Dividends Payable—Common $100,000. B) Debit Dividends Payable—Common $100,000, and credit Cash $100,000. C) Debit Cash $100,000, and credit Dividends Payable—Common $100,000. D) Debit Cash Dividends $100,000, and credit Cash $100,000.
The original depreciation or amortization schedule for long-lived assets sometimes requires changing. Which of the following is/are not true?
a. Each period a firm must evaluate its estimates of service life and assess if these estimates require changing in light of new information. b. Each period a firm must evaluate its estimates of salvage value and assess if these estimates require changing in light of new information. c. The firm makes no adjustment for the inaccurate estimates but spreads the remaining carrying value less the new estimate of salvage value over the new estimate of the remaining service life of the asset. d. If changing from the old estimates to the new estimates would have a material impact, the firm must change the depreciation or amortization schedule retroactively. e. none of the above
_____ is the amount of time and effort a buyer invests in the search, evaluation, and decision processes of consumer behavior.
A. Economic value B. Involvement C. Opportunity cost D. Temporal cost E. Perceived level of personal risk