All of the Following Decisions Fall Within the Scope of Operations

question 44

Multiple Choice

All of the following decisions fall within the scope of operations management EXCEPT for:

• A)creating the company income statement.
• B)design of goods and services.
• C)location strategy.
• D)managing quality.
• E)human resources and job design.

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Definitions:

Cartel

An association of manufacturers or suppliers that agree to fix prices, limit supply, or restrain competition in a particular market.

Temptation to Cheat

The inclination to engage in dishonest behavior for personal gain, especially when one believes the likelihood of facing consequences is low.

Established Price

A fixed price determined by an agreement or authority, often used in contexts where prices are regulated or negotiated.

Oligopolistic Behavior

Competitive strategies and actions taken by companies in an oligopoly market structure, where a few firms dominate.