______ Focuses on Managing the Production and Delivery of an Organization's

question 27

Multiple Choice

______ focuses on managing the production and delivery of an organization's products or services more effectively.

• A)Operations management
• B)Systems management
• C)Scientific management
• D)A learning organization
• E)Administrative management

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Marginal Costs

The increase in cost due to the production of one further unit of a product or service.

Total Cost Function

An equation that shows the overall cost incurred by a firm in the production process, including both fixed and variable costs, as a function of the quantity of output produced.

Fixed Cost

Business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance premiums.