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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Both purchasing and inventory management share the same objective.
(True/False)
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In order to achieve market success, a firm merely needs to concentrate on either providing an excellent product/service or devising an insightful marketing strategy.
(True/False)
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The owner of a hair-styling salon is studying quality management materials that refer to outputs. He should understand that one example of an output in this business is the
(Multiple Choice)
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The type of manufacturing that best utilizes highly specialized equipment is
(Multiple Choice)
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After attending a total quality management (TQM) seminar, a small business owner decides that her firm has a good customer focus and adequate tools and techniques. To be assured of a really strong quality program, however, she knows that she must now establish the proper
(Multiple Choice)
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Poka-Yoke is a proactive approach that seeks to mistake-proof a firm's operations.
(True/False)
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A genuine concern for customer needs and customer satisfaction is a powerful force that energizes the total quality management effort of a small business.
(True/False)
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The just-in-time inventory system classifies inventory into three categories based on value.
(True/False)
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Capacity for a lawnmower manufacturer is determined by the following except
(Multiple Choice)
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You Make the Call-Situation 1
The owner of two pizza restaurants in a city with a population of 150,000 is studying her firm's operations to be sure the firm is functioning as efficiently as possible. About 70 percent of the firm's sales represent dine-in business, and 30 percent come from deliveries. The owner has always attempted to produce a good-quality product and minimize the waiting time of customers both on- and off premises.
A recent magazine article suggested that quality is now generally abundant and that quality differences in businesses are narrowing. The writer advocated placing emphasis on saving time for customers rather than producing a high-quality product. The owner is contemplating the implications of this article for the pizza business. Realizing that her attention should be focused, she wonders whether to concentrate primary managerial emphasis on delivery time.


(Essay)
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A powerful workstation computer for 3-D graphical product design is an example of a
(Multiple Choice)
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The ABC method of inventory management is founded on the notion that
(Multiple Choice)
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The traditional method of maintaining product quality has been the
(Multiple Choice)
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Manufacturing and service operations differ in which one of the following ways?
(Multiple Choice)
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Purchasing activities are used to obtain materials, merchandise, equipment, and services to meet production and marketing goals.
(True/False)
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The type of inventory system that provides an ongoing, current record of inventory items is a(n) _____ inventory system.
(Multiple Choice)
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