Identify a Difference Between the Characteristics of Operations Management in the 1960s

question 99

Multiple Choice

Identify a difference between the characteristics of operations management in the 1960s and in the 2010s.

• A) Operations management focused on creating value in the 1960s, whereas it focuses on minimizing costs in the 2010s.
• B) Operations management favored complex supply chains in the 1960s, whereas it favors simple supply chains in the 2010s.
• C) Operations management focused on mass customization in the 1960s, whereas it focuses on mass production in the 2010s.
• D) Operations management exploited the environment in the 1960s, whereas it focuses on sustaining the environment in the 2010s.

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Definitions:

Voting Trust Agreement

A legal agreement where stockholders transfer their shares to a trustee in exchange for voting trust certificates, allowing the trustee to vote on corporate matters.

Cumulative Voting Agreement

An arrangement that allows shareholders in a company to pool their votes towards electing directors, enhancing the voting power of minority shareholders.

Good Faith

Honesty in fact and observance of reasonable commercial standards of fair dealings in the trade.

Boards of Directors

Groups of elected or appointed members who jointly oversee the activities of a company or organization, making strategic decisions and ensuring legal compliance.