Which Are the Common Objectives of Operations

question 26

Multiple Choice

Which are the common objectives of operations?

• A)Quality,capacity,flexibility,and cost
• B)Cost,quality,delivery,and flexibility
• C)Quality,process,capacity,inventory,and workforce
• D)Quality,cost,capacity,and delivery

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Definitions:

Control

The power to direct the financial and operating policies of an entity with a view to gaining economic benefits from its activities.

Unconditional Contract

An agreement whose execution does not depend on fulfilling any conditions; it is binding upon the parties as soon as it is signed.

Physical Substance

The tangible, material aspect of an asset, referring to its physical existence and properties.

Rental

A payment made periodically by a lessee to a lessor for the use of a property, facility, equipment, or service.