Operations management works in exactly the same way for manufacturing and for services

Indicate whether the statement is true or false.


Answer: FALSE
Explanation: There are differences in how operations management works for manufacturing businesses, which mainly produce goods, and how it works for service businesses, which mainly deal with people.

Business

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Which inventory costing method results in the highest inventory balance during a period of rising prices?

a. LIFO b. Weighted average cost c. FIFO d. Both FIFO and LIFO result in the same inventory balance

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The smartphone is a device that makes use of convergence

Indicate whether the statement is true or false

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_______ is the rules of living and functioning in society.

a. Society b. Ideology c. Worldview d. Culture

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In performance appraisal, the ______ is a three-step process: Step 1: Set individual objectives and plans, Step 2: Give feedback and evaluate performance, Step 3: Reward according to performance.

A. narrative method or form B. behaviorally anchored rating scale form C. critical incidents method D. management by objectives method

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