Operations Management Is BEST Described as Which of the Following

question 34

Multiple Choice

Operations management is BEST described as which of the following?

• A) the management of the production conversion process
• B) a combination of strategic and tactical management activities
• C) the process of turning product research into new product development
• D) how the firm is managed on a day-to-day basis

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Definitions:

Total Product Curve

A graphical representation that shows the relationship between the total output produced by a firm and the quantity of a variable input for a given level of fixed input(s).

Average Product

The output produced per unit of a resource employed, calculated by dividing total product by the quantity of the resource used.

Labor

The application of human mental and physical endeavors in the manufacture of products and provision of services.

Fixed Input

Resource in production that cannot be changed in the short term, such as buildings and machinery.