The Operations Manager Performs the Management Activities of Planning, Organizing

question 113

True/False

The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function.

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Definitions:

Severance Packages

Compensation given to an employee after termination, which may include monetary payments, benefits, or other compensation.

Acquiring Firms

Companies that purchase a majority stake in other companies to take over their operations.

Synergistic Benefits

Gains realized from the combination or cooperation of different groups, systems, or companies, where the result is greater than the sum of their separate effects.

Merger

The combination of two or more companies into one, to achieve greater efficiencies and strengthen financial and operational positions.