Question

Which of the following is an important part of operations management?

A) Determining the best means of financing the firm's operations
B) Developing the best advertising strategy to promote a firm's products
C) Deciding whether to pay a dividend to the firm's stockholders
D) Choosing the best location for a firm's facilities

Answer 1

D. Choosing the best location for a firm's facilities.

Step-by-step explanation:

A. The best means of financing is the important part of finance. It may be a part of operations but cannot be a significant part of operations management.

B. Advertising strategy is a marketing plan. Therefore, it cannot be the appropriate answer.

C. Providing dividend is the corporate accounting decisions rather than an operations point of view.

Therefore, D is the best answer. Because facilities location, layout, and quality controls are the main parts of operations management.