Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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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 services to market

D.The measure of costs across organisations to determine the customer selling price

 

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