The Field of Management That Specializes in Production of Goods

question 120

True/False

The field of management that specializes in production of goods and services and uses special tools and techniques for solving production problems is called operations management.

---

Definitions:

Variable-rate Loan

A loan where the interest rate can change over time, typically based on prevailing market interest rates or a benchmark index.

Term Insurance Policies

Life insurance policies that provide coverage at a fixed rate of payments for a limited period of time.

Borrowing Capacity

Borrowing capacity is the maximum amount of credit that a person or organization can obtain, determined by lenders based on the borrower’s financial health and credit history.

Outside Funds

Capital sourced from external investors or institutions, outside of the company’s existing financial resources, used for expansion, operations, or investment.