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Questions and Answers
Firms utilize the money generated by value-added for research and development, worker salaries, and profits only.
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.
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.
Value generated by firms can only be monetary and cannot include psychological aspects like branding.
False
Operations Management includes capacity planning but not forecasting.
Operations Management includes capacity planning but not forecasting.
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Quality assurance is not a part of Operations Management.
Quality assurance is not a part of Operations Management.
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Supply Chain Management is not a part of Operations Interfaces.
Supply Chain Management is not a part of Operations Interfaces.
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Operations Management does not involve decisions related to where to locate facilities.
Operations Management does not involve decisions related to where to locate facilities.
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Motivating employees is not a part of Operations Management.
Motivating employees is not a part of Operations Management.
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Innovation is not a focus area within the scope of Operations Management.
Innovation is not a focus area within the scope of Operations Management.
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Purchasing is not considered an interface within Operations Management.
Purchasing is not considered an interface within Operations Management.
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