Concept explainers
Question 18
The study of operations management is
A.Design, operation and improvement of productive systems
B.A sequence of activities across organizations that are involved in producing and delivering a product or service
C.A series of activities from suppliers to customers that add value to a product or service
D.The identifcation of and elimination of activities from suppliers to customers that do not add value
Question 21 TRUE OR FALSE
Businesses that use Just in Time (JlT) purchasing consider purchase price to be the only cost
Question 25
Supply chain management is the study of
A.Material flows, information flow and financial flows across organisations
B.Material flows, information flow and fnancial flows within organisations
C.Suppliers involved in getting goods or
D.The measure of costs across organisations to determine the customer selling price
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