Operations Management (OM) Is the Management of Systems or Processes

question 2

True/False

Operations management (OM) is the management of systems or processes that convert or transform resources into goods and services.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them a claim on part of the company's assets and earnings.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior, with its precise definition varying across jurisdictions.

Stewardship

The responsible management and care of resources or property, often with a focus on sustainability and ethical considerations.

Sustainability

The ability to maintain or improve certain processes or states indefinitely, often related to environmental, economic, and social balance.