Implementation of management and operations involves all of the following EXCEPT:   Question 6Answer A. Ownership and governance structures   B. Legal responsibilities   C. Operations management and financial management   D. Organizational management and human resource management

what is the Operation strategies in H&M

137) The performance of a business units is influenced by a) industry force (industry effects) b) its parent firm (corporate effects) c) its own strategy and resources (business effects) d) A and b e) A and B and C

Consistent with the concept of bounded rationality, operations managers may face varied challenges when making decisions under complex environments characterised by certainty, risk or uncertainty. Consider each of the following statements, some of which are incorrect, and answer the question which follow. i A managerial decision-making under conditions of uncertainty is primarily characterised by states of nature and payoff functions which are broadly probabilistic; whilst decisions under risk have broad uncertainties to them. ii With the advent of the Fourth Industrial Revolution (4IR), the fusion of advances in artificial intelligence (AI), robotics, machine learning, Internet of Things (IoT) and big data is expected to create an enabling environment to address issues of uncertainty. iii A decision tree may be used as a tool of appraisal for decisions under risk. iv In contexts characterised by a dearth of information on risk distribution, decision-making is broadly certain. However,…