Which of the Following Is NOT Part of Operations Management

question 6

Multiple Choice

Which of the following is NOT part of operations management?

• A) Purchasing
• B) Hiring and firing
• C) Logistics
• D) Distribution
• E) New product development

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Definitions:

Life Insurance

A contract between an insurer and a policyholder where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Reformation

The process of modifying a legal document or agreement to correct errors or reflect the true intentions of the parties involved.

Written Insurance Policy

A formal document issued by an insurer that outlines the terms, coverage, and conditions of the insurance agreement.

Contract Term

A period during which a contract is operational and its conditions are applicable.