Which of the Following Statements About Challenges in Operations Management

question 79

Multiple Choice

Which of the following statements about challenges in operations management is FALSE?

• A)Job specialization is giving way to empowered employees.
• B)Local or national focus is giving way to global focus.
• C)Sustainable production is giving way to a low-cost focus.
• D)Rapid product development is partly the result of shorter product cycles.
• E)The goal of mass customization is to produce customized products,whenever and wherever needed.

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Definitions:

Right Of Appraisal

The process to determine the fair market value of an asset by a neutral third party or appraiser.

Greenmail

A situation where a company buys back its own shares from a potential acquirer at a higher price than the market value to prevent a hostile takeover.

Lock-Up Option

A contractual agreement where shareholders are prohibited from selling their shares for a specified period following an initial public offering (IPO).

Tender Offer

A tender offer is a proposal made by an entity to the shareholders of another company to purchase some or all of their shares at a specified price for a limited time.