One Reason for Studying Operations and Supply Chain Management (OSCM)

question 23

Multiple Choice

One reason for studying operations and supply chain management (OSCM) is which of the following?

• A) OSCM is essential for understanding organizational behavior.
• B) Most business graduates do OSCM work regardless of their job title.
• C) All managers should understand the basic principles that guide the design of transformation processes.
• D) OSCM is a required course in all business degree programs.
• E) OSCM is the most rigorous business discipline.

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Definitions:

Treasury Bill

A Treasury Bill (T-Bill) is a short-term government debt obligation backed by the Treasury Department with a maturity of one year or less.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Effective Annual Yield

The return on an investment expressed as an annual rate, taking into account the effect of compounding interest.

Selling Today

The act of disposing of an asset or security in the current market with the intention of realizing its current value.