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Which of the following are all examples of operations performance objectives? (A) Choice, flexibility, profit, speed (B) Cost, dependability, quality, speed (C) Customisation, flexibility, profit, quality (D) Choice, customisation, dependability, profit - HSC - SSCE Business Studies - Question 5 - 2014 - Paper 1
Question 5
Which of the following are all examples of operations performance objectives? (A) Choice, flexibility, profit, speed (B) Cost, dependability, quality, speed (C) Cust... show full transcript
Worked Solution & Example Answer:Which of the following are all examples of operations performance objectives? (A) Choice, flexibility, profit, speed (B) Cost, dependability, quality, speed (C) Customisation, flexibility, profit, quality (D) Choice, customisation, dependability, profit - HSC - SSCE Business Studies - Question 5 - 2014 - Paper 1
Step 1
Identify operations performance objectives
Answer
Operations performance objectives typically include key factors that influence the efficiency and effectiveness of operations. These usually encompass aspects such as cost, quality, speed, dependability, and flexibility. A thorough understanding of these terms is essential to evaluate the options effectively.
Step 2
Analyze each option
Answer
We will assess each provided option to determine if it includes terms recognized as operations performance objectives:
- (A) Choice, flexibility, profit, speed: Profit is not a standard operations objective. Thus, this option is not correct.
- (B) Cost, dependability, quality, speed: This option includes all four recognized performance objectives, making it a valid choice.
- (C) Customisation, flexibility, profit, quality: Again, profit is not recognized as an operations performance objective, so this option is invalid.
- (D) Choice, customisation, dependability, profit: Similar to the previous options, profit is not a recognized objective, making this option incorrect as well.
Step 3