Which of the Following Is an Important Part of Operations

question 128

Multiple Choice

Which of the following is an important part of operations management?

• A) Determining the best means of financing the firm's operations
• B) Developing the best advertising strategy to promote a firm's products
• C) Deciding whether to pay a dividend to the firm's stockholders
• D) Choosing the best location for a firm's facilities

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Definitions:

Bill Of Material

An exhaustive inventory of raw ingredients, parts, and assemblies needed for building, producing, or fixing a product or service.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Part D

is often associated with Medicare, representing the plan that covers prescription drugs for enrollees, but without further context, the specification of "Part D" might vary.

Cumulative Lead Time

The total time required to manufacture and deliver a product, including all processes from raw materials to finished goods.