Question 1

Which of the following is one of the five key competitive priorities?

Accepted Answer

A)  Cost 
B)  Capacity 
C)  Inventory 
D)  All of these 
A)  Cost 
B)  Capacity 
C)  Inventory 
D)  All of these

Question 2

A transformation process is often referred to as the technical core, especially in manufacturing organization, and is the actual conversion of inputs to outputs.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following activities is within the scope of OM?

Accepted Answer

A)  Forecasting 
B)  Motivating employees 
C)  Scheduling 
D)  All of these 
A)  Forecasting 
B)  Motivating employees 
C)  Scheduling 
D)  All of these

Question 4

What is the creation of goods and services using the factors of production including land, labor, capital, entrepreneurship, and knowledge?

Accepted Answer

A)  Operations Management 
B)  Productions Management 
C)  Transformation process 
D)  Production 
A)  Operations Management 
B)  Productions Management 
C)  Transformation process 
D)  Production

Question 5

What consists of several stand-alone businesses?

Accepted Answer

A)  Strategic planning units 
B)  Strategic business units 
C)  Tactical business units 
D)  Operational business units 
A)  Strategic planning units 
B)  Strategic business units 
C)  Tactical business units 
D)  Operational business units

Question 6

What uses sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company?

Accepted Answer

A)  Transportation planning system 
B)  Distribution management system 
C)  Inventory management and control system 
D)  Materials requirement planning system 
A)  Transportation planning system 
B)  Distribution management system 
C)  Inventory management and control system 
D)  Materials requirement planning system

Question 7

Which of the following is not a factor of production when creating goods and services?

Accepted Answer

A)  Entrepreneurship 
B)  Capital 
C)  Knowledge 
D)  Manufacturing 
A)  Entrepreneurship 
B)  Capital 
C)  Knowledge 
D)  Manufacturing

Question 8

Which of the following represents the five key competitive priorities?

Accepted Answer

A)  Cost, capacity, delivery, flexibility, inventory 
B)  Cost, quality, delivery, flexibility, service 
C)  Cost, quality, transportation, inventory, capacity 
D)  Cost, delivery, flexibility, inventory, capacity 
A)  Cost, capacity, delivery, flexibility, inventory 
B)  Cost, quality, delivery, flexibility, service 
C)  Cost, quality, transportation, inventory, capacity 
D)  Cost, delivery, flexibility, inventory, capacity

Question 9

Which type of operational planning uses materials requirement planning systems?

Accepted Answer

A)  Strategic planning 
B)  Tactical planning 
C)  Operational planning and control 
D)  All of these depending on the industry 
A)  Strategic planning 
B)  Tactical planning 
C)  Operational planning and control 
D)  All of these depending on the industry

Question 10

When does OM primarily increase value-added?

Accepted Answer

A)  During the input process 
B)  During the transformation process 
C)  During the output process 
D)  None of these 
A)  During the input process 
B)  During the transformation process 
C)  During the output process 
D)  None of these

Question 11

Which type of operational planning uses global inventory management systems?

Accepted Answer

A)  Strategic planning 
B)  Tactical planning 
C)  Operational planning and control 
D)  All of these depending on the industry 
A)  Strategic planning 
B)  Tactical planning 
C)  Operational planning and control 
D)  All of these depending on the industry

Question 12

What deals with the day-to-day procedures for performing work, including scheduling, inventory, and process management?

Accepted Answer

A)  Strategic planning 
B)  Tactical planning 
C)  Operational planning and control 
D)  None of these 
A)  Strategic planning 
B)  Tactical planning 
C)  Operational planning and control 
D)  None of these

Question 13

Which company uses package flow information systems at each location to cut truck delivery travel by more than 100 million miles each year?

Accepted Answer

A)  UPS 
B)  Trek Bike Manufacturer 
C)  Frontier Airlines 
D)  None of these 
A)  UPS 
B)  Trek Bike Manufacturer 
C)  Frontier Airlines 
D)  None of these

Question 14

Define the term operations management.

Accepted Answer

Operations management (OM) is the manage

Question 15

Which of the following is not one of the modern quality control standards?

Accepted Answer

A)  Six sigma quality 
B)  Malcolm Baldrige National Quality Awards 
C)  ISO 100 
D)  ISO 14000 
A)  Six sigma quality 
B)  Malcolm Baldrige National Quality Awards 
C)  ISO 100 
D)  ISO 14000

Question 16

Which of the following refers to value-added?

Accepted Answer

A)  Describes the difference between the cost of outputs and the value of price of inputs 
B)  Describe the similarities between the cost of inputs and the value of price of outputs 
C)  Describes the difference between the cost of inputs and the value of price of outputs 
D)  Any of these depending on the situation 
A)  Describes the difference between the cost of outputs and the value of price of inputs 
B)  Describe the similarities between the cost of inputs and the value of price of outputs 
C)  Describes the difference between the cost of inputs and the value of price of outputs 
D)  Any of these depending on the situation

Question 17

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

Accepted Answer

A)  Transportation planning system 
B)  Distribution management system 
C)  Inventory management and control system 
D)  Materials requirement planning system 
A)  Transportation planning system 
B)  Distribution management system 
C)  Inventory management and control system 
D)  Materials requirement planning system

Question 18

The scope of OM ranges across the organization and includes many interrelated activities, such as forecasting, capacity planning, scheduling, managing inventories, assuring quality, motivating employees, deciding where to locate facilities, and more.

Accepted Answer

A) True 
 B)False

Question 19

Production is the creation of goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge.

Accepted Answer

A) True 
 B)False

Question 20

CMMI stands for the Capability Matrix Modeling Integrity framework.

Accepted Answer

A) True 
 B)False

Exam 27: Understanding Big Data and Its Impact on Business

Which of the following is one of the five key competitive priorities?

A transformation process is often referred to as the technical core, especially in manufacturing organization, and is the actual conversion of inputs to outputs.

Which of the following activities is within the scope of OM?

What is the creation of goods and services using the factors of production including land, labor, capital, entrepreneurship, and knowledge?

What consists of several stand-alone businesses?

What uses sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company?

Which of the following is not a factor of production when creating goods and services?

Which of the following represents the five key competitive priorities?

Which type of operational planning uses materials requirement planning systems?

When does OM primarily increase value-added?

Which type of operational planning uses global inventory management systems?

What deals with the day-to-day procedures for performing work, including scheduling, inventory, and process management?

Which company uses package flow information systems at each location to cut truck delivery travel by more than 100 million miles each year?

Define the term operations management.

Which of the following is not one of the modern quality control standards?

Which of the following refers to value-added?

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

The scope of OM ranges across the organization and includes many interrelated activities, such as forecasting, capacity planning, scheduling, managing inventories, assuring quality, motivating employees, deciding where to locate facilities, and more.

Production is the creation of goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge.

CMMI stands for the Capability Matrix Modeling Integrity framework.

Business Driven Technology

Identifying Competitive Advantages

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Informationdatabases

Accessing Organizational Informationdata Warehouses

Understanding Big Data and Its Impact on Business

Enabling the Organizationdecision Making

Extending the Organizationsupply Chain Management

Building a Customer-Centric Organizationcustomer Relationship Management

Integrating the Organization From End to Endenterprise Resource Planning

Creating Innovative Organizations

Ebusiness

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Developing Software to Streamline Operations

Methodologies for Supporting Agile Organizations

Managing Organizational Projects

Business Driven Technology

Identifying Competitive Advantages

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Informationdatabases

Accessing Organizational Informationdata Warehouses

Enabling the Organizationdecision Making

Extending the Organizationsupply Chain Management

Building a Customer-Centric Organizationcustomer Relationship Management

Integrating the Organization From End to Endenterprise Resource Planning

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