Which One of the Following Statements Is True

question 37

Multiple Choice

Which one of the following statements is true?

• A)Plant or facilities management involves ensuring sufficient capacity or maximum output is available.
• B)People or labor management involves hiring and maintenance of a sufficiently skilled work force.
• C)Parts or inventory management involves tradeoffs between maintaining huge amounts of inventory to ensure any demand for the product can be readily met and the costs associated with maintaining huge amounts of inventory.
• D)All of the above.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. This duty is paramount in relationships such as trustee and beneficiary, advisor and client.

Confidential Information

Material, knowledge, or data that is not to be disclosed to unauthorized persons, because its secrecy provides an advantage or value.

Non-disclosure Provision

A clause in a contract that prohibits the sharing of confidential information with unauthorized persons.

Trade Secret

Proprietary data that gives a company a market advantage and is actively protected to keep it secret.