Exam 1: Operations and Productivity

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Productivity is the ratio of __________ to __________. Using this relationship, productivity can be improved by __________ or __________.

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Three commonly used productivity variables are

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One reason to study operations management is to learn how people organize themselves for productive enterprise.

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Felicien grows mirlitons (that's Cajun for Chayote squash) in his 100 by 100 foot garden. He then sells the crop at the local farmers' market. Two summers ago, he was able to produce and sell 1200 pounds of mirlitons. Last summer, he tried a new fertilizer that promised a 50% increase in yield. He harvested 1900 pounds. Did the fertilizer live up to its promise?

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Starbucks stopped requiring signatures on credit-card purchases under $25 in an attempt to reduce __________ .

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Which is not true regarding differences between goods and services?

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Which of the following are part of the Ten Critical Decisions of Operations Management? I. Design of goods and services II. Managing Quality III. Layout Strategy IV. Marketing V. Pricing of Goods and Services

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Why are operations managers faced with ethical and social challenges?

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The Dulac Box plant works two 8-hour shifts each day. In the past, 500 cypress packing boxes were produced by the end of each day. The use of new technology has enabled them to increase productivity by 30%. Productivity is now approximately

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Why are organizations becoming more global?

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A foundry produces circular utility access hatches (manhole covers). If 120 covers are produced in a 10-hour shift, the productivity of the line is

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Which of the following is not one of The Ten Critical Decisions of Operations Management?

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An example of a "hidden" production function is money transfers at banks.

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Eli Whitney, in the __________, provided the foundations for __________ in operations management.

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A foundry produces circular utility access hatches (manhole covers). Currently, 120 covers are produced in a 10-hour shift. If labor productivity can be increased by 20%, it would then be

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Identify the items that Fredrick W. Taylor believed management should be more responsible for.

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Illiteracy and poor diets have been known to cost countries up to what percent of their productivity?

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Brandon Production is a small firm focused on the assembly and sale of custom computers. The firm is facing stiff competition from low-priced alternatives, and is looking at various solutions to remain competitive and profitable. Current financials for the firm are shown in the table below. In the first option, marketing will increase sales by 50%. The next option is Vendor (Supplier) changes, which would result in a decrease of 10% in the cost of inputs. Finally there is an OM option, which would reduce production costs 25%. Which of the options would you recommend to the firm if it can only pursue one option? In addition, comment on the feasibility of each option. Business Function Current Value Cost of Inputs $50,000 Production Costs $25,000 Revenue $80,000

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New trends in operations management include

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The marketing function's main concern is with

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