Operations Management, as a Discipline, Is Directly Relevant to All

question 69

Multiple Choice

Operations management, as a discipline, is directly relevant to all of the following occupational categories except:

• A)industrial production managers.
• B)operations analysts.
• C)administrative service managers.
• D)financial managers.

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Definitions:

Self-interest

Acting in a way that is most beneficial for oneself.

Private Property

The right of private persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other property.

Economically Most Efficient

The state where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.

Labor and Capital

The primary factors of production, where labor refers to human work effort and capital to tools, equipment, and buildings used in production.