Operations Management (OM) Is Responsible for Producing Products in a Cost-Effective

question 47

Multiple Choice

Operations management (OM) is responsible for producing products in a cost-effective and __________ way.

• A) Complex
• B) Efficient
• C) Expensive
• D) Outsourced
• E) Cellular

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Definitions:

Good Title

Legal term indicating that a property owner has rightful ownership and is legally free of liens or other encumbrances.

Good Faith Purchaser

An individual who buys property without knowledge of any prior claims, disputes, or fraud, often protected under law from subsequent property claims.

Livestock Auction

A public sale event where livestock animals such as cattle, sheep, and pigs are sold to the highest bidder.

Title

Title refers to the legal right to own, use, or dispose of property, whether it's real estate or personal property.