Once the Production Process Is in Place,the Operations Manager Can

question 61

Multiple Choice

Once the production process is in place,the operations manager can turn his or her attention to the daily activities of _____.

• A)distribution planning
• B)procurement
• C)materials management
• D)floor supervisors

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Definitions:

Workers

Individuals employed by others or self-employed, contributing labor to produce goods or provide services.

Human Capital

The sum of abilities, expertise, and learned information that an individual or group has, considered in relation to its worth or expense for a company or nation.

Profit Maximization

The method through which a company identifies the pricing and production quantity that yields the highest profit.

Human Capital

The skill set, knowledge base, and experiential accumulation found in people or populations, looked at through their financial value or cost burden to a company or a country.