Operations Management Is Concerned with

question 91

Multiple Choice

Operations management is concerned with

• A) the application of various processes and systems used by an organization.
• B) systems created to store and provide information for managerial decision making.
• C) the scientific analysis of the work elements of a job.
• D) the development of mathematical and statistical tools and techniques for managerial decision making.
• E) None of these choices

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Definitions:

Operating Expenses

The costs associated with the day-to-day activities of a business, excluding costs directly tied to the production of goods or services, such as rent, utilities, and salaries.

Merchandising Company

A business that purchases finished goods for resale in order to earn a profit, without transforming these goods.

Wholesale Parts Company

A business entity that specializes in purchasing and selling automotive, machinery, or electronic parts in large quantities at lower prices, primarily to retailers or repair shops rather than end consumers.

Candy Store

A retail establishment specializing in the sale of candies, chocolates, and often other sorts of confections and sweets.