In: Accounting
Which of the following best describes the activities of the production function?
a. maintenance, inventory control, and production planning
b. production planning, quality control,
manufacturing, and cost accounting
c. quality control, production planning, manufacturing, and payroll
d. maintenance, production planning, storage, and quality control
e. manufacturing, quality control, and maintenance
The most suitable option describing the activities of the production function is:
b. production planning, quality control, manufacturing, and cost accounting.
Explanation:
The production function involves activities related to planning, controlling, and executing the manufacturing process efficiently. This includes production planning (scheduling and organizing production activities), quality control (ensuring products meet quality standards), manufacturing (actual production process), and cost accounting (tracking production costs). Option b covers these key aspects comprehensively.
The correct option is (b).