Nature of decisions taken to plan and control an operation

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Reference no: EM131792533

1. There are four main kinds of performance standard. Determine which is being described: a measure of whether the operation is getting better or worse over time is a:

Historical standard

Target performance standard

Competitor performance standard

Absolute performance standard

2. The nature of decisions taken to plan and control an operation will depend on:

The nature of demand and costs of supply

The nature of demand and supply for the operation

The nature of demand and its elasticity The nature of supply and its flexibility

Reference no: EM131792533

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