______ Refers to the Management of the Direct Resources That

question 56

Multiple Choice

______ refers to the management of the direct resources that are involved in the production system of a business organization.

• A) Procurement management
• B) Operations management
• C) Logistics management
• D) Research and development
• E) Marketing management

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Definitions:

Division's

Relates to a section or branch of a company that operates semi-independently and focuses on a particular product line, market segment, or geographical area.

ROI

Return on Investment, a metric used to evaluate the efficiency of an investment or compare the efficiency of several investments.

Investment Opportunity

A situation or venture that has the potential to generate a return on investment.

Average Operating Assets

The mean worth of resources employed in the functioning of a company throughout a given timeframe.