Aaron Is a Freshman in College Who Has Not Yet

question 325

Multiple Choice

Aaron is a freshman in college who has not yet decided on his major. He is thinking about majoring in operations management and is exploring job opportunities in this field. Which of the following statements about jobs for operations management majors is most accurate? If he majors in operations management, Aaron will:

• A) have limited job opportunities because operations management positions are only available in the slowly growing manufacturing sector.
• B) acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.
• C) have plenty of job offers, but they will mainly be in low-wage positions in the service sector.
• D) find plenty of employment opportunities in the government and education, but not very many in the private sector.

Grasp the importance of controlling production costs and how they are analyzed.

Understand the treatment of indirect materials and factory overhead in costing.

Learn the significance of yield and its calculation in identifying material losses.

Identify appropriate business scenarios for the application of process cost systems.

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Definitions:

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.

Strategic Standpoints

Positions or perspectives taken with the intention of achieving long-term goals or objectives.

Flexibility

The ability of an individual or organization to adapt to changes, challenges, or unexpected circumstances in a prompt and efficient manner.

Managerial Skills

The abilities and competencies that managers need in order to fulfill their duties effectively, such as leadership, communication, and decision-making skills.