Chap 3.4: Key Elements of Operations Management

Chap 3.4: Key Elements of Operations Management

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Hanh Ho

Used 3+ times

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

Key elements of an operation management system

Back

1. Input: Resources used by a business to produce goods and services. 2. Process: Actions performed to transform inputs into outputs. 3. Output: Final goods/services provided to customers.

2.

FLASHCARD QUESTION

Front

Define INPUT

Back

The resources used in the process of production

3.

FLASHCARD QUESTION

Front

What does INPUT involve?

Back

6 TYPES OF INPUT:

- Natural resources
- Physical resources
- Labour resources
- Financial resources
- Information
- Time

4.

FLASHCARD QUESTION

Front

INPUT - Natural resources in production

Back

Raw materials, components, and parts taken directly from nature.

5.

FLASHCARD QUESTION

Front

INPUT - Physical resources in production

Back

Manufacturing plant, machinery, equipment, and property necessary for operations.

6.

FLASHCARD QUESTION

Front

INPUT - Labour resources in production

Back

People involved in operations, including their effort, skill, information, and knowledge.

7.

FLASHCARD QUESTION

Front

INPUT - Financial resources in production

Back

Money required to commence and continue operations.

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