A High Value for Which of the Following Signals That

question 107

Multiple Choice

A high value for which of the following signals that an operations manager is excelling?

• A) efficiency
• B) utilization
• C) effective capacity
• D) net present value
• E) none of the above

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Definitions:

Forward Buying

The practice of purchasing larger quantities of goods than immediately needed, usually to take advantage of discounted prices or to ensure supply.

Peak Period

Times when demand for goods or services is at its highest, often requiring additional resources or strategies to meet customer needs.

Variable Demand

Variability in consumer demand over time, impacting production, inventory levels, and supply chain planning.

Forward Buying

The practice of purchasing stock in larger quantities than immediately needed to take advantage of discounts or to hedge against price increases.