When Did Operations Management Emerge as a Formal Field of Study

question 50

Multiple Choice

When did operations management emerge as a formal field of study?

• A) during the late 1950s and early 1960s
• B) during the late 1970s and early 1980s
• C) during World War II
• D) during the nineteenth century
• E) during the early 1900s

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Definitions:

Sherman Act

An antitrust law enacted in the United States to prevent monopolistic practices and promote competition among businesses.

Per Se Violation

A legal principle whereby an action is considered illegal in itself, without the need to prove harm or intent.

Medical Device Makers

Companies specialized in the design, manufacture, and sale of medical devices used in healthcare treatment, diagnosis, or prevention.

Monopolization

The process or state where a company gains the ability to raise prices or exclude competitors, effectively controlling the market.