Which of the Following Statements Should Not Characterize an Operations

question 63

Multiple Choice

Which of the following statements should not characterize an operations strategy toward the design of work systems?

• A)Manufacturing technology is the heart of a business.
• B)Workers can make or break a business.
• C)Workers can be a valuable source of insights.
• D)A spirit of cooperation can contribute to success.
• E)Workers can be proud and respected.

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Definitions:

360-Day Year

This is a simplified method used in some financial calculations where the year is assumed to have 360 days for ease of interest computation.

Total Amount

The complete sum or quantity of something, encompassing all components or elements.

Ordinary Interest

Interest that is calculated based on a 360-day year, often used in banking and finance for simplifying interest calculations on loans and investments.

Exact Interest

This refers to the method of calculating interest based on a 365-day year or actual number of days in a month, providing a precise interest calculation.