Today's Operations Management Is Characterized By

question 38

Multiple Choice

Today's operations management is characterized by:

• A) its use of the internet.
• B) its reliance on the intranet.
• C) its increased use of cross-functional decision making.
• D) its use of cross-functional job sharing.
• E) its use of interchangeable parts.

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Definitions:

Average Operating Assets

The average value of the assets that are used in the day-to-day operations of a business, calculated over a specific period.

Operating Assets

Operating assets are long-term assets used in the operations of a business to generate revenue.

Contribution Margin

The amount by which the sale of products or services exceeds variable costs, contributing to the coverage of fixed costs and profit generation.

Controllable Fixed Costs

Fixed costs that can be adjusted or influenced by the decisions of management in the short term, such as advertising expenses.