1. A is defined as a business that does work for a customer and occasionally provides goods, but is not involved in manufacturing. O C. Service Industry O B. Process O A. Product Industry O D. people 2. Service Industry considered of 3Ps, which is not beong? O A. People O B. Place O C. Physical evidence O D. Process

1. A is defined as a business that does work for a customer and occasionally provides goods, but is not involved in manufacturing. O C. Service Industry O B. Process O A. Product Industry O D. people 2. Service Industry considered of 3Ps, which is not beong? O A. People O B. Place O C. Physical evidence O D. Process

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 7MC: ______ is the act of using another company to provide goods or services that your company requires....

See similar textbooks

Similar questions

Which of the following is not a product-level activity? A. Product design 1 B. Engineering changes C. Inventory management D. Equipment setups
Which of the following is NOT correct about cost center and cost unit?Select one:a. A cost center is defined as "a location, person, or item of equipment for which costs may be ascertained and used for the purpose of control.b. a cost center refers to a section of the business to which costs can be charged. It may be a location, an item of equipment, or a person.c. A cost unit is defined as a unit o/product, service or time in relation to which cost may be ascertained or expressed.d. In any organization, there is either cost center or cost unit; they are alternatives for each other.
______ is the act of using another company to provide goods or services that your company requires. A. Allocating B. Outsourcing C. Segmenting D. Leasing
All of the following are examples of managerial accounting activities except ________. A. preparing external financial statements in compliance with GAAP B. deciding whether or not to use automation C. making equipment repair or replacement decisions D. deciding whether or not to use automation
Computer controlled machining system is an example about which of the following primary activities of a firm value chain? a. Outbound logistics b. Service c. Operations d. Sales _______ is one of the basic business functions: a. Sales. b. Suppliers. c. Customers. d. CRM.
Production or operation is the activity of creating products and services. Operational manageris part of an organization that makes goods or provides services or services tocustomer. Describe the differences between the operations of a manufacturing company and a service company.
Match each of the following types of companies with its definition. Types of Companies Definitions 1. Service company 2. Merchandising company 3. Manufacturing company a. Purchases goods that are primarily in finished formfor resale to customers.b. Records revenues when providing services tocustomers.c. Produces the goods they sell to customers.
PLEASE ANSWER ALL 1. Management Accountinga. Is concerned with costing products.b. Is governed by generally accepted accounting principles.c. Pertains to the entity as a whole and is highly aggregated.d. Places emphasis on a special-purpose information. 2. What broad functions do management of an organization perform?a. Directing, manufacturing, and controllingb. Planning, directing, and controllingc. Planning, directing, and sellingd. Planning, manufacturing, and controlling 3. Management accounting information is generally prepared fora. Stockholders.b. Managers.c. Regulatory Agencies.d. Investors.
Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Labor time to repair products under warrantyb. Design 2. TV commercial spotsc. Production 3. Labor costs of fi lling customer ordersd. Marketing 4. Testing of competitor’s producte. Distribution 5. Direct manufacturing labor costsf. Customer service 6. Development of order tracking system forthe Internet7. Printing cost of new product brochures8. Hours spent designing childproof bottles9. Training costs for representatives to staff the customer call center10. Installation of robotics equipment in manufacturing plant
Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Purchase of raw materialsb. Design 2. Advertisingc. Production 3. Salary of research scientistsd. Marketing 4. Shipping expensese. Distribution 5. Reengineering of product assembly processf. Customer service 6. Replacement parts for warranty repairs7. Manufacturing supplies8. Sales commissions9. Purchase of CAD (computer-aideddesign) software10. Salary of website designer
The value chain is the sequence of business functions in which A. value is deducted from the products or services of an organization B. usefulness is added to the products or services of an organization producing and delivering the product or service is of prime importance products and services are evaluated with respect to their value to the supply chain O C. O D.
What is Customer Support Services in functions of marketing? A. The first impressions your product B. A separate identity C. Support services that a product requires D. Selling price per unit that customers pay