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Questions and Answers
What is the primary function of Operations Management?
What is the primary function of Operations Management?
- Creating goods and services (correct)
- Organizing the production process
- Generating demand for products
- Tracking financial performance
What is the key difference between the cost of inputs and the price of outputs known as?
What is the key difference between the cost of inputs and the price of outputs known as?
- Value Added (correct)
- Revenue generation
- Profit margin
- Operating expenses
Which function of an organization is responsible for paying bills and collecting money?
Which function of an organization is responsible for paying bills and collecting money?
- Human Resources
- Finance/Accounting (correct)
- Production/Operations
- Marketing
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