Operations Management Is Responsible for Orchestrating All the Resources Needed

question 16

Multiple Choice

Operations management is responsible for orchestrating all the resources needed to produce the final product. This includes all of the following except ______________________________________.

• A) managing cash flow
• B) arranging schedules
• C) managing inventory
• D) controlling quality
• E) designing work methods

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Definitions:

Asset Account

An asset account is a ledger account that tracks the value of assets owned by an individual or organization, including tangible and intangible items of value.

Stock Dividend

A payment made in the form of additional shares rather than cash, reflecting a company's desire to reward shareholders without reducing its cash reserves.

Market Value

The current quoted price at which an asset or a service can be bought or sold in a marketplace.

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.