Service Science Is the Systematic Application of Operations Management to the Cause

question 37

True/False

Service science is the systematic application of operations management to the cause of understanding, analyzing, and improving the performance of service processes.

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Definitions:

Multiple Acquisitions

The process by which a company buys several companies in a short period, often to consolidate their industry or diversify.

Step Acquisition

The process of acquiring control over an investee in stages or steps over time, ultimately leading to consolidation.

Noncontrolling Interest

A shareholder's equity in a corporation that is less than the threshold required for control usually presented in consolidated financial statements.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, differing from the calendar year for some organizations.