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:

Company-wide Profits

The total earnings of a company after all expenses have been subtracted from revenues, reflecting the overall financial success across all departments.

Profit Centers

Parts of an organization that are treated as separate business units, with their expenses and revenues, to calculate their individual profitability.

Executive Oversight

The process by which executives monitor and control the operations and performance of an organization to ensure alignment with goals and objectives.

Division Revenues

The total income generated by a specific division or department within a company from its operational activities.