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Operation Management Fundamentals

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Questions and Answers

What is the main focus of Operations Management?

Ensuring high profit margins

Marketing and advertising strategies

Quality production of goods and services (correct)

Expanding the business globally

According to S. Buffa, what is the primary goal of production or operation management?

Increasing marketing efforts

Expanding product lines

Maximizing the number of employees

Meeting specifications, demand, and minimizing costs (correct)

Which field of study does the Association of Operation Management mention as relevant to operation management?

Architecture and interior design

Music and arts history

Accounting principles

Quality management and industrial management (correct)

What does Operations Management involve in terms of resources within a defined system?

Combining and transforming resources by a controlled manner Signup and view all the answers

Which aspect is NOT a part of Operations Management according to the text?

Social media marketing Signup and view all the answers

How does Operation Management add value according to the text?

By transforming resources in a controlled manner to add value Signup and view all the answers

What is the main responsibility of operations managers?

Processing inputs into outputs Signup and view all the answers

What does 'Inspection' refer to in the context of operations management?

Verifying and confirming requirements of an entity Signup and view all the answers

Which term refers to the physical movement of goods from one location to another?

Transportation Signup and view all the answers

What role do human resources play in operations management?

Multiplying the value of employees using intellectual capabilities Signup and view all the answers

Which term refers to the transformation of the state of input to produce goods?

Alteration Signup and view all the answers

What is the primary factor determining a system's ability to achieve its objectives?

Design and control mechanism Signup and view all the answers