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Operations Management Celeste Had Been Asked to Attend Training in Operations Management.Her

question 3

Multiple Choice

Operations Management
Celeste had been asked to attend training in operations management.Her background and training had previously been in accounting, but with the reorganisation looming, it was either learn a new skill or be made redundant.She was actually looking forward to the training.She felt her background with numbers should prove valuable in operations management, but she admitted that she knew little about the field.Until now, she had been in a support staff function and had little feel for how their product went from raw materials to finished product.Celeste's first class would be tonight at the Australian Institute of Management and she was excited about the opportunity.
-Refer to Operations Management (Scenario) .Celeste also had to keep in mind and understand what factors were considered inputs versus those considered outputs.Inputs included ALL BUT which of the following?

Definitions:

Market Mechanisms

The use of market principles and forces to allocate resources and determine prices within an economy.

Formal Lines

Predetermined channels of communication and authority within an organization, established through its structure and policies to ensure effective coordination and control.

Virtual Organization

A network of continually evolving independent organizations that share skills, costs, and access to one another’s markets.

Independent Companies

Businesses that operate on their own, without being owned or controlled by a larger corporation.