Which One of the Following Statements Regarding Operations Management Is

question 26

Multiple Choice

Which one of the following statements regarding operations management is TRUE?

• A) Inputs to a production system include capital and materials, but not human resources.
• B) Operations management deals only with manufacturing organizations because service organizations do not have tangible outputs.
• C) Typical inputs to a production system are processes and consumer goods.
• D) Customer participation and information on performance are two special types of inputs to a production system.

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Definitions:

Cycle Inventory

Inventory that a company holds to meet its normal sales operations, varying over the course of an operating cycle or period.

Forecasted Demand

An estimate of the quantity of a product or service that consumers will purchase in the foreseeable future.

Periodic Review

An evaluation process conducted at regular intervals to assess performance, inventory levels, or other critical factors in operations and management.

Inventory Status

This term describes the current state or levels of stock and inventory items within a business, indicating availability for sale or production use.