5 Questions
Which one of the following best describes operations management?
The management of processes that create goods and/or provide services
What are the three basic functions of a business organization?
Production/Operations, Finance, and Marketing
Which function of a business organization involves securing resources at favorable prices and allocating them throughout the organization?
Finance
What is one activity in which finance and operations management personnel cooperate?
Budgeting
What does operations management encompass?
Forecasting, capacity planning, scheduling, and managing inventories
Test your knowledge of operations management with this quiz! Explore topics such as forecasting, capacity planning, scheduling, inventory management, quality assurance, and more. Find out how well you understand the processes and systems involved in creating goods and providing services.
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