Define operations management. Will your definition accommodate both manufacturing and service operations?
What will be an ideal response?
Operations management can be defined as the management of all activities directly related to the creation of goods and/or services through the transformation of inputs into outputs. Yes.
You might also like to view...
Assets with no physical form are called ________
A) current assets B) intangible assets C) long-term investments D) mortgaged investments
When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________
A) Common Stock - $3 Stated is credited for $18,000 B) the account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock C) the difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated D) the accounting is exactly the same as the accounting for par value stock