Which of the Following Statements About the Development of Operations

question 44

Multiple Choice

Which of the following statements about the development of operations function mission,objectives,and strategies is FALSE?

• A) Operations objectives and strategies provide both short-term and long-term decision making focus and direction.
• B) In the development of an operations strategy, it is essential that operations objectives of cost, quality, delivery dependability, and flexibility be all equally weighted due to their equal importance.
• C) Examples of internal factors, which should be examined in the development of operations strategies, include product line considerations, the condition of existing equipment, and current facility capacities.
• D) An organization's mission, distinctive competence, objectives, and strategic decisions compose the organization's strategy.

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Definitions:

Market Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the good all producers are willing to supply.

Remaining Firms

Businesses that continue to operate in a market after others have exited, often due to competitive advantages or niches.

Invisible Hand

A metaphor introduced by Adam Smith to describe how individual self-interest in a free-market economy leads to economic well-being and efficiency as if by an invisible hand guiding them.

Private Interests

Interests or goals that are pursued by individuals or entities for their personal or organizational benefit, rather than for the public good.