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Operations Management Quiz

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Questions and Answers

Which one of the following best describes operations management?

The management of marketing and sales activities within an organization

The management of financial resources within an organization

The management of human resources within an organization

The management of processes that create goods and/or provide services (correct)

What are the three basic functions of a business organization?

Finance, Sales, and Marketing

Production/Operations, Human Resources, and Sales

Finance, Marketing, and Human Resources

Production/Operations, Finance, and Marketing (correct)

Which function of a business organization involves securing resources at favorable prices and allocating them throughout the organization?

Production/Operations

Marketing

Human Resources

Finance (correct)

What is one activity in which finance and operations management personnel cooperate?

<p>Budgeting</p> Signup and view all the answers

What does operations management encompass?

<p>Forecasting, capacity planning, scheduling, and managing inventories</p> Signup and view all the answers

Operations Management Quiz

Choose a study mode

Podcast

Questions and Answers

Which one of the following best describes operations management?

What are the three basic functions of a business organization?

Which function of a business organization involves securing resources at favorable prices and allocating them throughout the organization?

What is one activity in which finance and operations management personnel cooperate?

What does operations management encompass?

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