Core competencies are the company's strategies to increase market share. are the company's product offerings which achieve the highest profit levels. are the training programs used by companies to increase employee productivity. represent a theoretical approach that explains how organizations cannot be both lean and successful. are the skills and resources with which firms compete best and create the most value for owners. All of the following shown below would be considered low-contact systems/organizations except a barber shop/hairstyling salon. a television cable company. a gas/hydro company. Canada Post. a lawn care company. Which one of the following statements shown below about operations management is false? Production managers are relatively easy to identify because almost all of them work in factories. Fabrication processes involve the alteration of the physical shapes of the raw materials. The operations transformation process involves the management of inputs that are transformed into outputs. The three characteristics of services that distinguish them from goods production are intangibility, customization, and unstorability. Transforming raw data into management reports is a synthetic process. Which one of the following statements shown below about organizations and their external environments is true? The major elements of the external environment are marketing, finance, production, and human resources. The majority of organizations have one single environment, but some (such as non profits) have multiple environments. The most important features of the external environment are the political and social aspects. Large business firms are heavily influenced by events in the external environment, but small business firms and non-profit organizations are not affected as much. No single organization can control its external environment. Which of the following statements shown below about business financing is true? Banks are typically risk averse. Suppliers typically provide long-term financing. Borrowing money reduces the potential for higher returns when a business is performing well. "Love" money is the most popular form of debt financing. Debt financing refers to money invested by the owner in the company