Final answer:
The statement is true; the Chief Operations Officer, or VP of Manufacturing, is typically responsible for overseeing the operational functions within manufacturing firms.
Step-by-step explanation:
The statement that the Chief Operations Officer (COO), VP of Manufacturing is held by the head of operations in manufacturing firms is true. The COO, often VP of Manufacturing in manufacturing firms, is responsible for overseeing the day-to-day administrative and operational functions of the company. This executive role often includes managing various aspects of production, supply chain, and ensures that the business operates efficiently and effectively to meet production goals.