Business Functional Areas and Production Process Quiz

Production, finance, marketing, personnel

Materials, labor, capital, energy, information resources

The activities of the conversion process

<p>Planning, organizing, directing, and controlling the activities of the production function</p> Signup and view all the answers

<p>The conversion of raw materials into finished products</p> Signup and view all the answers

<p>Volume, Variety, Variation, Visibility</p> Signup and view all the answers

<p>To create products or services that satisfy the needs of consumers by providing the right thing at the right price, place, and time.</p> Signup and view all the answers

<p>To make the best possible use of the organization's resources to satisfy the wants of the consumers.</p> Signup and view all the answers

<p>Operation management is wider in scope than production management, as it includes both products and services, while production management focuses on products only.</p> Signup and view all the answers

<p>Operation management ensures complete product/service realization cycle including planning, purchase, production/service provision, quality control, etc., while production management focuses on the execution of the production plan, including only the production business processes.</p> Signup and view all the answers

<p>To ensure that the operations of a business are efficient and effective and result in a minimum of wastage.</p> Signup and view all the answers

<p>To focus specifically on the production of goods.</p> Signup and view all the answers

<p>The study of activities comprising supervision, planning, and designing of business operations in the field of manufacturing of goods and services.</p> Signup and view all the answers

<p>Using physical resources in an optimum manner, converting input into output, to supply the market with the desired and finished product.</p> Signup and view all the answers

<p>To cut down resources involved in operations while making operations more effective and productive.</p> Signup and view all the answers

<p>To make the best possible use of the organization's resources to satisfy the wants of the consumers.</p> Signup and view all the answers

<p>Materials, Labor, Capital, Energy, Information, Resources</p> Signup and view all the answers

<p>The conversion of raw materials into finished products.</p> Signup and view all the answers

<p>Volume, Variety, Variation, Visibility</p> Signup and view all the answers

<p>The primary concern of an operations manager is the activities of the conversion process.</p> Signup and view all the answers

<p>The process of planning, organizing, directing, and controlling the activities of the production function.</p> Signup and view all the answers

<p>The 4Vs refer to Volume, Variety, Variation, and Visibility, which are essential dimensions of operations.</p> Signup and view all the answers

<p>To create products or services that satisfy the needs of the consumers by providing the right thing at the right price, place, and time.</p> Signup and view all the answers

<p>Operation management has a wider scope than production management, as it includes both products and services, while production management focuses on products only.</p> Signup and view all the answers

<p>To ensure that the operations of a business are efficient and effective, resulting in minimal wastage.</p> Signup and view all the answers

<p>It tries to cut down resources involved in operations while making operations more effective and productive.</p> Signup and view all the answers

<p>The study of set of activities comprising supervision, planning, and designing of business operations in the field of manufacturing of goods and services.</p> Signup and view all the answers

<p>Using physical resources in an optimum manner, converting input into output, and supplying the market with the desired and finished product.</p> Signup and view all the answers

<p>To create products or services that satisfy consumer needs and to make the best possible use of the organization's resources to satisfy consumer wants.</p> Signup and view all the answers

<p>Operation management ensures complete product/service realization cycle, while production management includes only the production business processes.</p> Signup and view all the answers

<p>To make the best possible use of the organization's resources to satisfy consumer wants.</p> Signup and view all the answers

<p>Operation management is a modern term, while production management is older.</p> Signup and view all the answers