Which of the Following Statements Best Describes the Distinction Between

question 173

Multiple Choice

Which of the following statements best describes the distinction between production management and operations management? Production management involves:

• A) activities managers perform to help create services while operations management involves the activities managers perform to produce goods.
• B) activities managers perform to obtain physical resources while operations management involves the activities managers perform to obtain the financial resources.
• C) activities managers perform to help create goods while operations management is a broader term that involves the activities involved in producing services as well as goods.
• D) activities managers perform to help create intangible products while operations management involves the activities managers perform to produce tangible products.

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear fashion.

Income Taxes

Taxes imposed by the government on the income generated by individuals or companies.

Initial Investments

The upfront sum of money invested in a project, business, or asset to start its operation.

Income Taxes

Taxes imposed by governments on the income generated by businesses and individuals within their jurisdiction.