Current Trends in Operations Management Include All of the Following

question 57

Multiple Choice

Current trends in operations management include all of the following except

• A)just-in-time performance.
• B)rapid product development.
• C)mass customization.
• D)empowered employees.
• E)local focus.

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Definitions:

Provisions

Liabilities of uncertain timing or amount, set aside in anticipation of future obligations or costs.

Present Obligation

A duty or responsibility that exists at the reporting date, typically requiring an outflow of resources.

Contingent Liability

A potential financial obligation that may occur in the future depending on the outcome of a specific event, not confirmed to exist or be measurable until one or more conditions are fulfilled.

Liability

A financial obligation or debt owed by an individual or company.