Which Activities Belong in the Operations Management Department

question 322

Multiple Choice

Which activities belong in the Operations Management department?

• A) Records,measures,and reports monetary transactions
• B) Manages the process of converting or transforming resources into goods or services
• C) Supports the sales by planning,pricing,and promoting goods or services is marketing
• D) Maintains policies,plans,and procedures for the effective management of employees

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Definitions:

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institution.

Equity Financed

A means of raising capital through the sale of shares in a company, providing investors with ownership interests.

Accounts Receivable Policies

Guidelines and procedures a company follows to manage money owed by customers for goods or services delivered on credit.

Shares of Stock

Shares, as units of corporate or asset ownership, provide an even allocation of profit distributions in the guise of dividends, pending announcements.