The text views operations management in several different ways.One acceptable view of operations management is as a
A) corporate function in which the best way to finance corporate assets is determined.
B) system wherein inputs pass through one or more operations and are transformed into outputs (goods or services).
C) set of decisions related to budgeting the annual resources between different functional areas.
D) set of decisions related to product pricing and marketing.

Question

Quizplus · Accepted Answer

Operations management is a system where inputs (such as raw materials, labor, and equipment) pass through one or more operations (e.g., manufacturing, service delivery) and are transformed into outputs (goods or services). It is concerned with designing, managing, and improving the processes used to create and deliver products and services to customers. Choices A, C, and D do not accurately describe operations management.

The Text Views Operations Management in Several Different Ways