Which of the Following Statements Concerning the Development of Operations

question 29

Multiple Choice

Which of the following statements concerning the development of operations functional mission,objectives,and strategies is correct?

• A) Strategic operational choices such as make versus buy or handcrafted versus machine-made specify how operations objectives will be achieved.
• B) Functional-level operations and strategies are determined prior to corporate objectives and strategies.
• C) It is common for many different types of operations to use a common or similar set of business strategies.
• D) Operations objectives represent a plan for achieving operations strategies.

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Definitions:

Slope Of Budget Line

The slope of a budget line represents the rate at which a consumer can trade one good for another while maintaining the same level of total expenditure.

Negative Price

A situation where the seller pays the buyer to take a good or service, typically seen in unusual market conditions or to address surplus issues.

Positive Price

A situation in which the price of a good or service is above zero, indicating value and demand in a market.

Budget Line

A depicted representation of all conceivable combinations of two commodities buyable with a certain amount of money at steady prices.