OM's Transformation Role Is to Add Value

question 18

Multiple Choice

OM's transformation role is to add value. Value added is

• A) performing activities well for the least possible cost
• B) the net decrease between output product value and input material value
• C) increasing product value in the first stage
• D) the net increase between output product value and input material value
• E) customizing a product, regardless of expense, to satisfy customer needs

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Definitions:

Regulatory Mechanisms

The systems, rules, and procedures established to control, guide, or manage behaviors and processes within organizations or bodies.

Stability and Predictability

The degree to which circumstances are consistent and foreseeable over time, fostering a sense of security and reliability.

Norms

Socially accepted rules that govern behavior within a group or society.

Treatment Groups

Collectives of participants in a clinical research trial who are subjected to specific interventions to evaluate the effects of those interventions on particular outcomes.