MBA 5 Production and Operation Management

The production management is

• the activity connected to advertising goods and services

• the activity of managers to help their firms produce the goods

• the activity of managers to find financial resources

• the activity of managers to prepare financial documentation

Operations management

• the area of management that converts resources into finished products

• the management of maintenance

• the administration of labor

• the management of contracts with clients

Form utility is

• the creation of standard goods and services

• the use of uniformed services by the enterprise

• the value producers add to materials in the creation of finished goods and services

• the standard prices for massive production of goods and services

Lean manufacturing is

• designing machines to do multiple tasks so they can produce a variety of products

• the production of goods using less of everything than in mass production

• planning prices according to the demand of consumers

• creating flexible prices for different types of clients

Mass customization, which means tailoring products to meet the needs of a large number of individual customers

• True

• False