Identify a Factor That Has Promoted Change in Operations Management

question 61

Multiple Choice

Identify a factor that has promoted change in operations management over the last five decades.

• A) Recognition of quality as a source of competitive advantage
• B) Adoption of a cost perspective
• C) Adoption of simpler supply chains
• D) Increased disregard for severe environmental problems

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Definitions:

Medicare Tax

A federal payroll tax that funds Medicare, the health insurance program for individuals aged 65 and over, as well as for some younger people with disability status as determined by the Social Security Administration.

Payroll Period

The interval of time for which an employee's wages are calculated, such as weekly, bi-weekly, or monthly.

Salaries Payable

An account that represents the amounts owed but not yet paid to employees for services rendered.

Payroll Register

A comprehensive record detailing the amounts paid to employees for services rendered during a specific period.