What does the term "operations management" primarily focus on within an organization?

$-$A$)$ Designing marketing strategies

$-$B$)$ Managing the organization's financial investments

$-$C$)$ Overseeing and improving the processes for creating goods and services

$-$D$)$ Developing the organization's human resource policies

Which of the following is a primary objective of operations management?

A$)$ Maximizing shareholder value

$-$B$)$ Enhancing customer relationship management

$-$C$)$ Achieving efficient and effective operations

$-$D$)$ Increasing the organization's market share

What is the role of capacity planning in operations management?

A$)$ Deciding on the marketing mix

$-$B$)$ Determining the maximum output level of a facility

$-$C$)$ Selecting new employees

$-$D$)$ Choosing which new products to develop

Which of the following best describes the concept of "Lean Production"?

A$)$ Increasing the product line

aB$)$ Maximizing the use of raw materials

$-$C$)$ Minimizing waste while maintaining productivity

$-$D$)$ Expanding the workforce

What is the purpose of the Six Sigma methodology?

A$)$ To improve financial reporting accuracy

$-$B$)$ To expand global market presence

C$)$ To reduce defects and variability in processes

$-$D$)$ To increase the speed of product development

Which of the following tools is most commonly used in quality management?

A$)$ Balance sheet analysis

$-$B$)$ Market segmentation

C$)$ Fishbone diagram

$-$D$)$ Portfolio matrix

In the context of supply chain management, what does the term "just$-$in$-$time" $($JIT$)$ refer to$?$

A$)$ A strategy to increase product prices

B$)$ A method to enhance employee motivation

$-$C$)$ A system to reduce inventory by receiving goods only as they are needed

$-$D$)$ A technique to improve advertising effectiveness

What is the significance of the Gantt chart in project management?

A$)$ To track stock prices

$-$B$)$ To outline the company's organizational structure

$-$C$)$ To visually represent a project's schedule

D$)$ To analyze consumer behavior