level: Operations Management
Questions and Answers List
level questions: Operations Management
| Question | Answer |
|---|---|
| The Operations System | is used to transform inputs into outputs through the transformation process. |
| Operations Management | is the area of management responsibility that overseas all activities involved in managing an operations system to efficiently and effectively produce goods or services and create improved profit margins for the business. |
| Inputs | refers to the resources that are used to produce the business’ goods or services. |
| Processes | refer to any activity the business undertakes to transform inputs into outputs. |
| Outputs | refer to the end result of a business’ transformation process. |