Exam 21: Managing Operations
Exam 1: The Entrepreneurial Life101 Questions
Exam 2: Entrepreneurial Integrity and Ethics105 Questions
Exam 3: Getting Started103 Questions
Exam 4: Franchises and Buyouts98 Questions
Exam 5: The Family Business90 Questions
Exam 6: The Business Plan: Visualizing the Dream93 Questions
Exam 7: The Marketing Plan93 Questions
Exam 8: The Human Resources Plan: Managers, Owners, Allies, and Directors109 Questions
Exam 9: The Location Plan103 Questions
Exam 10: Understanding a Firms Financial Statements78 Questions
Exam 11: Forecasting Financial Requirements57 Questions
Exam 12: A Firms Sources of Financing86 Questions
Exam 13: Planning for the Harvest82 Questions
Exam 14: Building Customer Relationships88 Questions
Exam 15: Product and Supply Chain Management102 Questions
Exam 16: Pricing and Credit Decisions99 Questions
Exam 17: Promotional Planning109 Questions
Exam 18: Global Opportunities for Small Business102 Questions
Exam 19: Professional Management in the Entrepreneurial Firm99 Questions
Exam 20: Managing Human Resources103 Questions
Exam 21: Managing Operations93 Questions
Exam 22: Managing the Firms Assets103 Questions
Exam 23: Managing Risk in the Small Business85 Questions
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The term quality may be defined as the manufacture of products that are free of defects.
(True/False)
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The owner of a small manufacturing plant wants inspectors to check the width and length of a product (within specified tolerances) during the production process. This calls for
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This type of statistical method of quality control involves taking a random sample of products and measuring them against established standards:
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List and briefly describe the inventory record-keeping systems mentioned in the text.
(Essay)
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The basic quality tool that Kaoru Ishikawa recognized that separates the vital few from the useful many is the
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Measuring the weight of boxes of candy during a production process is an example of attribute inspection.
(True/False)
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Statistical analysis makes it possible to determine tolerance limits that allow for inherent variation due to chance.
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By conforming to ISO 9000, a small manufacturing firm should achieve improvements in
(Multiple Choice)
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A business buying products or services from other business firms is known as
(Multiple Choice)
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Reasons for making component parts rather than buying them include the following reasons except
(Multiple Choice)
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One example of demand management strategy is Six Flags' Flash Pass.
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The following are among the attributes listed in the Supply Chain Operations Reference (SCOR) model for assessing a supplier's performance except
(Multiple Choice)
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An inventory system that attempts to cut inventory carrying costs by reducing inventory to an absolute minimum is known as a(n) ____.
(Multiple Choice)
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One of the most obvious ways that operations providing services differ from those producing products is that the nature of services is
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An "A" class item in the ABC method of inventory management is a ____ item.
(Multiple Choice)
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Because some foreign markets are not accustomed to high quality goods and services, small firms in the U.S. are finding that an emphasis on quality is much more important to being competitive in the American market than in overseas markets.
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Some small firms find that they can increase their buying power if they join
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