Operations Managers Must Be Able to Anticipate Changes in Which

question 94

Multiple Choice

Operations managers must be able to anticipate changes in which of the following?

• A)product mix
• B)product opportunities
• C)the products themselves
• D)product volume
• E)all of the above

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Definitions:

Unintentionally Biased Estimates

Judgments or projections in financial analysis influenced by unintentional prejudices or statistical biases.

Estimating Errors

Mistakes or inaccuracies in forecasting future values or costs, often leading to deviations from expected outcomes.

Unbiased Managers

Refers to managers who make decisions without prejudice or favoritism, aiming for fairness and objectivity in business operations.

Terminal Value

The estimated value of a business at the end of a specific period, considering all future cash flows discounted back to present value.