Operations Management Is the Management of Systems or Processes That

question 43

Short Answer

Operations management is the management of systems or processes that converts or transforms ___________ into goods and services.

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Definitions:

Chart Of Accounts

An organized list of all accounts in a business entity's financial statements, used to classify and record financial transactions.

Debit And Credit

Accounting terms representing increases or decreases in accounts, used to record transactions in the double-entry bookkeeping system.

Trial Balance

A financial statement that checks the balance of all debit and credit entries in a company's accounting ledger to ensure accuracy.

Ledger Accounts

Individual records that provide in detail the transactions associated with a company's assets, liabilities, equity, revenue, and expenses.