Exam 7: Operations Management and Quality
Exam 1: The U.S. Business Environment110 Questions
Exam 2: Understanding Business Ethics and Social Responsibility106 Questions
Exam 3: Entrepreneurship, New Ventures, and Business Ownership124 Questions
Exam 4: Understanding the Global Context of Business106 Questions
Exam 5: Managing the Business106 Questions
Exam 6: Organizing the Business108 Questions
Exam 7: Operations Management and Quality119 Questions
Exam 8: Employee Behavior and Motivation114 Questions
Exam 9: Leadership and Decision Making112 Questions
Exam 10: Human Resource Management and Labor Relations124 Questions
Exam 11: Marketing Processes and Consumer Behavior116 Questions
Exam 12: Developing and Pricing Products110 Questions
Exam 13: Distributing and Promoting Products116 Questions
Exam 14: Information Technology (IT)for Business108 Questions
Exam 15: The Role of Accountants and Accounting Information109 Questions
Exam 16: Understanding Money and the Role of Banking110 Questions
Exam 17: Managing Business Finances118 Questions
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Which term refers to the fundamental rethinking and radical redesign of a business activity to achieve dramatic improvements in performance?
Free
(Multiple Choice)
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Correct Answer:
B
Which term refers to the strategy of paying suppliers and distributors to perform certain business processes or to provide needed materials or services?
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(Multiple Choice)
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Correct Answer:
A
ISO 9000 is a certification program attesting to the fact that a factory, laboratory, or office has improved its environmental performance.
Free
(True/False)
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Correct Answer:
False
Examining step-by-step procedures to reduce inefficiency most centrally involves which approach?
(Multiple Choice)
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Operations control includes materials management and quality control.
(True/False)
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What term describes a special ability that production does especially well to outperform the competition?
(Multiple Choice)
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Which term refers to the flow of information, materials, and services from raw-materials suppliers through stages in the operations process until the product reaches the end customer?
(Multiple Choice)
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Which of the following breaks large tasks down to a series of smaller steps and includes all activities to successfully perform the task?
(Multiple Choice)
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Inventory control is the means of moving resources to the producer and finished goods to the customer.
(True/False)
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What is the main advantage of using a PERT chart on a large scale project?
(Multiple Choice)
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In a business, whose job is it to draw up plans to transform resources into products and bring together basic resources, such as knowledge, physical materials, equipment, and labor?
(Multiple Choice)
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Which of the following tracks which service or products will be produced and when?
(Multiple Choice)
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How do firms create benefits for themselves and their customers and effectively use resources such as knowledge, physical materials, equipment, and information?
(Multiple Choice)
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Which of the following is an advantage of using a product layout plan?
(Multiple Choice)
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Each stage in the supply chain adds value for the final customer.
(True/False)
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Which term refers to collaborative groups of employees from various work areas who meet regularly to define, analyze, and solve common production problems?
(Multiple Choice)
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What is a supply chain? How can supply chain management create competitive advantage?
(Essay)
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Which type of utility is created when a company makes products available where consumers want them?
(Multiple Choice)
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Which of the following would be best used when producing make-to-stock operations or mass production of a product?
(Multiple Choice)
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Equipment and people are grouped according to function in which type of production layout?
(Multiple Choice)
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