Mgt 314 exam 1 - Study guides, Class notes & Summaries

all organizations, including service firms such as banks and hospitals, have a production function - true the operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function - True which of the following are the primary functions of all organizations - marketing, operations, and finance/accounting which of the following would not be an operations function in a fast-food restaurant - advertising and promotio...

Operations Management - The set of activities that create value in the form of goods and services by transforming inputs into outputs Organizing to produce goods and services - Marketing - basic demand Production/Operations - creates the product Finance/Accounting - tracks how well the organization Why study OM - 3 major functions: we want to study how people organize themselves for productive enterprise we want (and need) to know how goods and services are produced we want ...

true - All organizations, including service firms such as banks and hospitals, have a production function. T/F true - The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function marketing, operations, and finance/accounting - Which of the following are the primary functions of all organizations? advertising and promotion - Which of the following would not be an operations function in a fast-food res...