All of the Following Are Reasons for Studying Operations Management

question 10

Multiple Choice

All of the following are reasons for studying operations management EXCEPT:

• A)A large percentage of a company's expenses occur in the operations management activities that are at the core of all business organizations.
• B)Activities in all of the other areas of business organizations,such as accounting and marketing are interrelated with operations management activities.
• C)Many management jobs are in operations management-related areas,such as production planning,inventory management,and more.
• D)The study of operations management applies to manufacturing,however,it is of little use in service organizations.
• E)Operations innovations lead to marketplace and strategic benefits.

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Definitions:

Median

The middle value in a dataset when it is arranged in ascending or descending order, or the average of the two middle values when the dataset has an even number of observations.

Interquartile Range

A measure of variability, calculated as the difference between the 25th and 75th percentiles of a data set.

Mean

The average value of a data set, calculated by summing all observations and dividing by the number of observations.

Median

The middle value in a dataset when the values are arranged in ascending or descending order, effectively splitting the dataset into two equal halves.