Operations Management Is a Specialized Area in Management That Converts

question 269

Multiple Choice

Operations management is a specialized area in management that converts resources into

• A) services, rather than goods.
• B) goods, rather than services.
• C) both goods and services.
• D) financial data.

---

Definitions:

Trade Rules

Regulations governing the conduct of trade between countries, including tariffs, trade barriers, and import/export restrictions.

Binding Decisions

Decisions or agreements that are legally or contractually obligating and cannot be easily altered or undone without consent from all involved parties.

Members

Individuals who are part of a group or organization, often with shared interests, goals, or characteristics.

Industrialized Nations

Countries with highly developed industries, advanced technological infrastructure, and high standards of living.