What is an operating department and how is it different from a support department? Give examples of each
What will be an ideal response?
Answer: An operating department, also called a production department, directly adds value to a product or service. Examples are manufacturing departments where products are made. A support department, also called a service department, provides the services that assist other internal departments (operating departments and other support departments) in a company. Examples of support departments are information systems, production control, materials management, and plant maintenance.
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a. true b. false
A business keeps cash in a bank account because banks have established practices for safeguarding the business's money
Indicate whether the statement is true or false