Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs

Indicate whether the statement is true or false


TRUE

Business

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The cost of an equivalent unit is equal to:

a. A unit of work in process inventory. b. The amount of cost necessary to start a unit of production into work in process. c. The cost necessary to complete one unit of production. d. A unit of work in process inventory.

Business

The intangible nature of services requires service firms to use indirect distribution over direct distribution or franchising

Indicate whether the statement is true or false a. True b. False

Business

Frank's' views on discrimination in employment aligns with those of the neo classical economists. What arguments would Frank make to his employer as reasons not to engage in discriminatory practices?

a. It would be too costly to the company. b. Equal opportunities would not be created c. All discrimination is illegal d. It would be a chance to right past wrongs

Business

When one organization owns the marketing intermediaries it is known as a/an:

a. administered VMS b. contractual VMS c. direct channel d. intensive distribution e. corporate VMS

Business