Questions: Multiple Choice Question is a specialized area in management that converts resources into both goods and services. Operations management Resource engineering Logistics management Service management

The answer is: Operations management.

Explanation for each option:

1. Operations management: This is the correct answer. Operations management is a specialized area in management that focuses on the efficient conversion of resources (such as labor, materials, and technology) into goods and services. It involves planning, organizing, and supervising processes, and making necessary improvements for higher profitability.

2. Resource engineering: This is incorrect. Resource engineering typically refers to the field of engineering that deals with the extraction and processing of natural resources. It is not specifically focused on the conversion of resources into goods and services within a management context.

3. Logistics management: This is incorrect. Logistics management is concerned with the planning, implementation, and control of the movement and storage of goods, services, and information within a supply chain. While it is a crucial part of operations, it does not encompass the entire process of converting resources into goods and services.

4. Service management: This is incorrect. Service management focuses on managing and delivering services to customers. It is more specific to the service industry and does not cover the broader scope of converting resources into both goods and services.

In summary, operations management is the field that deals with converting resources into goods and services, making it the correct answer.