Which of the following is true of the transformation process in operations management?

It is a process of replacing quality with productivity when manufacturing products.

It is the conversion of resources, such as labor, money, materials, and energy, into goods, services, or ideas.

It is efficient only when inputs are used in large quantities to produce small quantities of output.

It is associated with the marketing and selling of both inputs and outputs to customers.

It is a process of initiating corrective action when the actual output is more than the desired output.