Om 300 test 1 - Study guides, Class notes & Summaries

OM 300 Test 1 Latest Questions And Answers With Real Quiz The creation of goods and services is referred to as: A. formation. B. design. C. transformation. D. production. ANS D. production. The set of activities that relate to the creation of goods and services through the transformation of inputs to outputs is referred to as A. finance. B. marketing. C. operations management. D. supply chain management. ANS C. operations management. Which of the following is NOT c...

OM 300 Test 1 Questions And Answers 2024 Verified Solutions What is operations management? ANS Creating value by efficiently/effectively transforming inputs into outputs What are three main types of any business? ANS Marketing (generates the demand) Production/Operation (creates the product) Finance/Accounting (follows success and finances) What types of decisions do operations managers make? ANS Planning, organizing, staffing, leading, and controlling; How people organize themselv...

OM 300 Test 1 University Of Alabama Questions And Answers With Real Tests The set of activities that create value in the form of goods and services by transforming inputs into outputs. it is business functions responsible for planning, coordinating, and controlling the resources needed to produce a company's products and services. It is applicable to all firms, whether manufacturing or service ANS What is operations management? Marketing Production or operations finance or accounting ANS...

OM 300 Test 1 Nunnelley With Complete Solutions

OM 300 Test 1 With Complete Solutions

OM 300 - TEST 1 - UNIVERSITY OF ALABAMA QUESTIONS WITH 100% SOLVED ANSWERS!!

Operations management correct answers is the set of activities that create value in the form of goods and services by transforming inputs into outputs The Supply Chain correct answers a global network of organizations and activities that supply a firm with goods and services Goal of the supply chain correct answers to achieve high levels of customer satisfaction, efficiency and competitive advantage Three major functions of any organization correct answers 1. Marketing 2. Finance (acc...

OM 300 Test 1 With Complete Solutions

What is operations management? correct answers Creating value by efficiently/effectively transforming inputs into outputs What are three main types of any business? correct answers Marketing (generates the demand) Production/Operation (creates the product) Finance/Accounting (follows success and finances) What types of decisions do operations managers make? correct answers Planning, organizing, staffing, leading, and controlling; How people organize themselves for productive enterprise...

OM 300 - Test 1 - University Of Alabama With Complete Solutions