The Activities of Operations Managers Are Best Described by Which

question 78

Multiple Choice

The activities of operations managers are best described by which of the following?

• A) They face the challenge of combining people and other resources to produce high-quality products.
• B) They do not decide which products the company should produce but act on the decisions of upper management.
• C) They work closely with people in the marketing and production departments only.
• D) They control about one-quarter of a company's assets.

Identify the impact of technological changes on supply.

Differentiate between movements along the supply curve and shifts of the supply curve.

Understand the relationship between supply and market prices.

Comprehend the role of supply in market equilibrium.

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Definitions:

Acquisition

The act of acquiring control of another company or business unit by purchasing its shares or assets.

Consolidated Additional Paid-in Capital

The excess amount investors pay over the par value of shares, aggregated from all subsidiaries of a parent company and reported on the consolidated financial statements.

Additional Paid-in Capital

The amount of money investors have paid for shares above their nominal value during the issuance of stock.

Voting Shares

Shares of a company that grant the shareholder the right to vote on company matters, such as electing the board of directors.