Sequence of genes under a single promoter. For an example, see E. Coli K-12 MG1655 operon thrLABC.
A single operon may produce multiple different transcription units depending on certain conditions, see: operon vs transcription unit.
A sequence of mRNA that can actually be transcribed.
Multiple different transcription units can be produced by a single operon, see: operon vs transcription unit.
That single operon can produce two different mRNA transcription units:
The reason for this appears to be that there is a rho-independent termination region after thrL. But then under certain conditions, that must get innactivated, and then the thrLABC is produced instead.