P370 midterm questions - Study guides, Class notes & Summaries
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P370 Midterm Questions With 100% Correct Answers | Expert Verified
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operations management - Correct Answer -Oversees all activities that are directly related to making a product or providing a service 
-Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services 
-The design, operation, and improvement of the production system that creates the firm's primary products and services 
 
Strategic - Correct Answer -long-term horizon 
-type of OM decision that often involve acquiring new resour...
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3 types of Operation Management Decisions - ANS > Strategic, tactical, operational 
 
Strategic Decisions - ANS > • Long term • Often involving acquisition of new resources • Electric utility - power station construction 
 
Tactical - ANS > Medium term. Utilization of existing resources. Assembly plant workforce commitments 
 
Operations Management - ANS > Operations management oversees all activities that are directly related to making a product or providing a serv...
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BUS-P370 Operations Management Midterm (iCore) Questions With Complete Solutions
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BUS-P370 Operations Management Midterm (iCore) Questions With Complete Solutions
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iCore Ops Midterm P370 conceptual Cutshall Questions With Complete Solutions
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iCore Ops Midterm P370 conceptual Cutshall Questions With Complete Solutions
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P370 Final Complete Exam Bundle Graded A+||Complete Questions Graded A+
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I-Core P370 Operations Midterm Questions With Correct Answers Grad
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I-Core P370 Operations Midterm Questions With Correct Answers. 
Transformation System 
A user of resources that transforms inputs into some desired outputs 
 
 
Types of Transformations (6 Total) 
Physical - Manufacturing 
Locational - Transportation 
Exchange - Retailing 
Storage - Warehousing 
Physiological - Health Care 
Informational - Telecommunications 
 
 
Triple bottom line 
An accounting framework with three parts: social, environmental (or ecological) and financial. [People, Planet, Pr...
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