exam Flashcards
1
Q
a function or system that transforms inputs into outputs of greater value
A
Operations
2
Q
a series of activities along a value chain extending from
supplier to customer activities that do not add value are superfluous and should be
eliminated
A
Transformations process
3
Q
design, operation, and improvement of productive systems
A
operations management
4
Q
as in manufacturing operations
as in transportation operations
as in retail operations
as in health care
as in entertainment Informational: as in communication
A
Physical
Locational
Exchange
Physiological
Psychological
5
Q
As an auditor you must understand the fundamentals of operations
management
A
Accounting
