10 Questions
Firms utilize the money generated by value-added for research and development, worker salaries, and profits only.
False
The greater the value-added, the less amount of funds available for research and development purposes.
False
Value generated by firms can only be monetary and cannot include psychological aspects like branding.
False
Operations Management includes capacity planning but not forecasting.
False
Quality assurance is not a part of Operations Management.
False
Supply Chain Management is not a part of Operations Interfaces.
False
Operations Management does not involve decisions related to where to locate facilities.
False
Motivating employees is not a part of Operations Management.
False
Innovation is not a focus area within the scope of Operations Management.
False
Purchasing is not considered an interface within Operations Management.
False
Test your knowledge on managing for competitive advantage, including quality, cost competitiveness, and efficiency. Learn about the importance of quality in achieving long-term success.
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