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

question 84

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 must remember that productivity is a composite of ________ variables.

• A)structural and procedural
• B)people and operations
• C)market and internal
• D)task and relationship
• E)unpredictable

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Definitions:

Missing Account Titles

Refers to the names or titles that are not provided or omitted in financial records or statements where they are expected to be listed.

Gross Profit

The difference between sales revenue and the cost of goods sold before accounting for other expenses, indicating the fundamental profitability of a company's products or services.

Total Current Assets

The sum of all assets owned by a company that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.

Cash Collection

The process of gathering all cash received from sales, services, and other sources.