Final answer:
The statement is false because projects are not ongoing, day-to-day activities but instead are temporary and unique, unlike production which involves ongoing processes to produce goods or services such as pizza making.
Step-by-step explanation:
The statement "Projects are typically ongoing, day-to-day activities that have goods and services as outputs" is False. Projects are temporary endeavors undertaken to create unique products, services, or results. They have defined beginnings and ends, specific objectives to be met, and are not considered day-to-day operations. Conversely, the day-to-day operations of an organization involve ongoing, repetitive processes that provide the goods or services the organization is designed to produce. This is known as production, which is the process firms use to transform inputs such as labor, capital, and raw materials into outputs. For instance, in pizza making, the inputs or factors of production include flour, water, and yeast for the dough; tomatoes, spices, water for the sauce; cheese and other toppings; as well as the labor of the pizzaiolo and the capital such as the oven and utensils used in the cooking process.