All of the Following Decisions Fall Within the Scope of Operations

question 1

Multiple Choice

All of the following decisions fall within the scope of operations management except for ______________________.

• A)financial analysis
• B)design of products and processes
• C)location of facilities
• D)quality management

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Definitions:

Preventive Maintenance

Scheduled maintenance on equipment or systems aimed at preventing unexpected failures or extending their life.

Target Costing

A pricing method that involves identifying the desired profit margin and market price, then working backward to determine the maximum cost that can be incurred on a product.

Return on Investment

An indicator for assessing an investment's effectiveness, determined by dividing the net profit by the investment's total cost.

Selling Price

The financial charge to a customer for purchasing a product or service.