There Are More Differences Than Similarities Between P/OM Manufacturing and OM

question 49

True/False

There are more differences than similarities between P/OM manufacturing and OM service organizations.

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Definitions:

Retained Earnings

Profits that a company keeps or reinvests after dividends are paid out to shareholders, often used for research, development, debt reduction, or other investments.

Trade Secrets

Trade secrets are confidential pieces of information that provide a business with a competitive edge, such as formulas, practices, designs, instruments, or patterns that are not generally known or reasonably ascertainable.

Catgut

A type of cord previously made from the natural fibers in the intestines of sheep or other animals, commonly used in making strings for musical instruments or surgical sutures.

Derived Demand

The demand for a factor of production or intermediate good that results from the demand for another intermediate or final good.