Which of the Following Statements Concerning the Operations Management Decision

question 24

Multiple Choice

Which of the following statements concerning the operations management decision is relevant to services?

• A) There are many objective quality standards.
• B) The customer is not involved in most of the process.
• C) The workforce's technical skills are very important.
• D) Labour standards vary depending on customer requirements.
• E) Ability to inventory may allow the leveling of the output rates.

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Definitions:

Work More

The concept or action of increasing the amount of effort or hours spent on labor or tasks.

New Classical Economists

Economists who advocate for the theory that markets are clear and that prices, wages, and rates adjust quickly to equilibrate supply and demand.

Government Intervention

Actions taken by the government to influence economic activity and market outcomes, such as regulation, subsidies, and taxation.

Monetarists

Economists who believe that the variations in the money supply have major influences on national output in the short run and the price level over longer periods.