Which of the Following Statements Are Reasons Why Operations Management

question 19

Multiple Choice

Which of the following statements are reasons why operations management is important?

• A)Efficient and productive operations drive the economic well-being of nations.
• B)Operations management is responsible for much of the value created by organizations.
• C)Operations management is a key source of competitive differentiation among firms.
• D)All of these are reasons why operations management is important.

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Definitions:

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions, often in a spontaneous, free-flowing manner.

Terman's Study

A longitudinal study conducted by Lewis Terman that began in 1921, tracking the development and characteristics of gifted children into adulthood.

IQ

Short for Intelligence Quotient, a score derived from standardized tests designed to assess human intelligence.

Concept

An abstract idea or a mental symbol typically associated with a fundamental characteristic of something.