What Is Operations Management

question 18

Multiple Choice

What is operations management?

• A) A field concerned with the use of technology in managing and processing information
• B) The function of selling a good or service and focuses on increasing customer sales, which increases company revenues
• C) The function that plans for, develops, implements, and maintains IT hardware, software, and the portfolio of applications that people use to support the goals of an organization
• D) The management of systems or processes that convert or transforms resources into goods and services

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Definitions:

Net Working Capital

Net working capital is a financial metric that represents the difference between a company's current assets and current liabilities.

Current Ratio

Current assets divided by current liabilities. A financial ratio that measures a firm’s liquidity, the ability to pay its bills in the short run.

Short-Term Funding

Financing obtained for a period typically less than one year to support immediate operational needs or liquidity.

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term financial health and operational efficiency.