Operations Management Exam 1: Andy Anderson QUESTIONS AND COMPLETE CORRECT ANSWERS 2024

Operations Management - correct answer 1. The activity of managing the resources which are devoted to the production and delivery of products and services 2. "Making stuff" 3. Producing goods and services Three Basic Functions of Enterprises - correct answer 1. Product/service development 2. Marketing 3. Operations Transforming Resources - correct answer Things that are making the changes happen ex. facilities, staff Transformed Resources - correct answer The things that are being changed ex. materials, info, customers Predominantly Processing Inputs of Materials (Examples of Dominant Transformed Resource Inputs) - correct answer 1. All manufacturing operations 2. Mining materials 3. Retail operations 4. Warehouses 5. Postal services 6. Container shipping line 7. Trucking companies