Production and Operations Management Involves Three Main Types of Decisions

question 136

Multiple Choice

Production and operations management involves three main types of decisions that are made at three different stages.The first type of decision to be made deals with:

• A)production planning
• B)improving production and operations
• C)the establishing of critical paths
• D)inventory control
• E)production control

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Definitions:

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries.

ITQs

Individual Transferable Quotas; a tool used in environmental management and fisheries, setting a total allowable catch to help prevent overfishing.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, notable for its bright red flesh and significant role in both commercial fishing and ecological health.

Market Price

The current price at which a good or service can be bought or sold in the market, determined by the forces of supply and demand.