Which of the Following Statements About Challenges in Operations Management

question 43

Multiple Choice

Which of the following statements about challenges in operations management is FALSE?

• A) Operations managers are outsourcing and building long-term partnerships with critical players in the supply chain.
• B) Local or national focus is being replaced by global focus.
• C) Sustainable production is being replaced by a low-cost focus.
• D) Rapid product development is partly the result of shorter product cycles.
• E) The goal of mass customization is to produce customized products, whenever and wherever needed.

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Definitions:

Market Price

The price at which an asset or service is currently traded in the market.

Stock Repurchase

The act of a company buying back its own shares from the marketplace, which can reduce the number of outstanding shares and potentially increase share value.

Retained Earnings

The part of a company's earnings that is not distributed as dividends to its shareholders but is instead reinvested or saved.

Dividend Cut

A reduction in the dividend amount paid by a corporation to its shareholders, often due to financial difficulties or the need to conserve cash.