Which of the Following Statements About Challenges in Operations Management

question 79

Multiple Choice

Which of the following statements about challenges in operations management is FALSE?

• A)Job specialization is giving way to empowered employees.
• B)Local or national focus is giving way to global focus.
• C)Sustainable production is giving way to a low-cost focus.
• D)Rapid product development is partly the result of shorter product cycles.
• E)The goal of mass customization is to produce customized products,whenever and wherever needed.

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Definitions:

Government

The organization or system through which a society or community is ruled, often responsible for creating and enforcing laws, policies, and regulations.

Hyperinflations

Extremely high and typically accelerating inflation rates, leading to a rapid erosion of the real value of local currency.

Inflation Tax

The revenue the government raises by creating money

Deadweight Loss

The fall in total surplus that results from a market distortion, such as a tax.