The Five Major Decision Responsibilities of Operations Management Are

question 36

Multiple Choice

The five major decision responsibilities of operations management are

• A) process, quality, capacity, sourcing, and human resources.
• B) process, quality, human resources, logistics, and inventory.
• C) quality, inventory, human resources, capacity, and supply chain.
• D) process, capacity, quality, supply chain, and inventory.

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Definitions:

Production Budget

An estimate of the total cost of production (including materials, labor, and overhead) for a specific period.

Long-Range Planning

The process of defining strategic goals and making decisions on allocating resources to pursue this strategy over an extended period, typically beyond one year.

Budget Period

The time frame for which a budget is planned and implemented, often one fiscal year.

One Month

A period of time extending roughly from a specific date in one calendar month to the corresponding date in the next calendar month.