What Is Operations Management

question 42

Multiple Choice

What is operations management?

• A) An organisational function which produces products and services.
• B) The activity of producing products and services.
• C) What all managers do when they deal with day-to-day activities.
• D) The process of satisfying the needs of internal and external customers.

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Definitions:

Generation X

A demographic cohort following the baby boomers and preceding the Millennials, typically defined as people born from the early-to-mid 1960s to the early 1980s.

Non-monetary Rewards

Non-monetary Rewards include any form of recognition or reward given to employees that does not involve a direct financial increase, such as praise, opportunities for growth, or flexible work arrangements.

Generation Y

Also known as Millennials, individuals born approximately between 1981 and 1996, known for their familiarity with digital communications and media.

Baby Boomers

A demographic group referring to people born during the post-World War II baby boom, approximately between 1946 and 1964.