Operations Management Converts Resources into Goods and Services

question 170

True/False

Operations management converts resources into goods and services.

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Definitions:

Scientific Management

A management theory that emphasizes the use of scientific methods to optimize labor productivity and economic efficiency, originally developed by Frederick W. Taylor.

Vested Interests

Stakeholders or individuals who have a personal stake or benefit in a particular outcome or decision.

Political Sites

Locations or platforms where political activity, discourse, or engagement occurs, ranging from physical spaces like parliaments to digital forums.

Democratic Government

refers to a system of governance where power is vested in the hands of the people, who exercise power directly or through elected representatives, based on principles of freedom, equality, and justice.