Which of the Following Statements Is True of Operations Management

question 3

Multiple Choice

Which of the following statements is true of operations management (OM)

• A) The application of the concepts and methods of OM is limited to the technology industry.
• B) OM is the only function by which managers can directly affect the value provided to all stakeholders.
• C) The activities involved in OM focus on creating value solely for external customers.
• D) OM and its principles are exclusively applicable to firms that produce tangible products.

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Definitions:

Skills Approach

is a perspective on leadership that emphasizes the importance of developing specific skills and competencies to be effective in leadership roles.

Large Number of Components

Refers to systems, machines, or structures that are made up of many different parts, often making them complex to construct, understand, or manage.

Specific Skills

Abilities or competencies that are particularly tailored or relevant to a distinct task or field.

Leadership Readily Available

The accessibility of leadership resources or guidance within an organization, team, or group, often facilitating quick decision-making and problem-solving.