If a Venture Is Not a Manufacturing Firm,an Operations Plan

question 72

True/False

If a venture is not a manufacturing firm,an operations plan is not necessary. 

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Definitions:

Theoretical Random Distributions

Mathematical models that describe the probability of different outcomes in a random process, used in statistics to predict patterns.

Risk Analysis

The process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of undesirable events.

Quality

Quality refers to the degree of excellence of a product, service, or process, evaluated based on its ability to meet or exceed customer expectations and standards.

Project Faces

The various aspects or phases that a project goes through from initiation to completion.