Which of the Following Statements Are Reasons Why Operations Management

question 4

Multiple Choice

Which of the following statements are reasons why operations management is important?

• A)Efficient and productive operations drive the economic well-being of nations.
• B)Operations management is responsible for much of the value created by organizations.
• C)Operations management is a key source of competitive differentiation among firms.
• D)All of these are reasons why operations management is important. Operations management affects both macroeconomic and individual firm outcomes

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Definitions:

Dual Federalism

A political system where the responsibilities and powers are clearly divided between the national and state governments.

Cooperative Federalism

A concept of federalism where national, state, and local governments interact cooperatively to solve common problems, rather than making policies separately.

Supremacy Clause

A clause in the U.S. Constitution stating that federal law is the "supreme Law of the Land" and takes precedence over state laws.

Federalism

A system of government in which power is divided between a central authority and constituent political units, such as states in the U.S.