Which of the Following Statements Is True About Operations Management

question 10

Multiple Choice

Which of the following statements is true about operations management?

• A) It is more statistically sophisticated than management science.
• B) It exclusively focuses on improving employee attitudes and behavior.
• C) It can be applied more directly to managerial situations than management science.
• D) It relies more on mathematical models than management science.
• E) It cannot be applied to inventory control and production operations of an organization.

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Definitions:

Acid-Test Ratio

A financial metric used to determine a company's short-term liquidity position by comparing its most liquid assets, excluding inventories, against its short-term liabilities.

Financial Information

Data related to the financial status of an entity, including balance sheets, profit and loss statements, and cash flow reports.

Days' Sales in Inventory

A financial metric measuring the average number of days a company takes to turn its inventory into sales.

Financial Information

Data regarding the financial performance and condition of an entity, including income statements, balance sheets, and cash flows.