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.

Evaluate the validity and effectiveness of evidence and reasoning in persuasive efforts.

Identify various types of informational constraints in project completion scenarios.

Distinguish between different types of logical fallacies and reasoning in persuasive texts.

Appreciate the significance of avoiding logical fallacies for maintaining the credibility of arguments.

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Definitions:

Independence of Irrelevant Alternatives

A principle in decision theory stating that the preference between two options should not change because of the introduction of new alternatives.

Median Voter

A theoretical concept that suggests the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.

Majority Rule

A decision rule that selects alternatives which have a majority, that is, more than half the votes.

Median Voter Theorem

A political science theory suggesting that the outcome of a majority-vote election is most likely to represent the preferences of the median voter.