Which of the following statements is true about the operating environment in which operations

management functions?

A) Most organizations do not need to worry about competition.
B) Price is more important than quality.
C) Customers are more demanding.
D) Government regulation is not important for companies.

C

Business

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What will be an ideal response?

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Which of the following accounting conventions would an accountant most likely apply when facing major uncertainties?

a. Full disclosure b. Conservatism c. Materiality d. Consistency

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