Question 1

If the employees of a firm attend a training program, then the time to assemble one unit is reduced by 10%. The training program will

Accepted Answer

A)  increase the labor productivity only. 
B)  increase the multifactor productivity only. 
C)  increase both labor and multifactor productivity. 
D)  decrease capital productivity. 
E)  have no effect on productivity. 
A)  increase the labor productivity only. 
B)  increase the multifactor productivity only. 
C)  increase both labor and multifactor productivity. 
D)  decrease capital productivity. 
E)  have no effect on productivity. C

Question 2

Within a sustainability framework, the economic dimension of the triple bottom line concept goes beyond just profit for the firm but also provides lasting economic benefit to society.

Accepted Answer

A) True 
 B)False  True

Question 3

Risk mapping involves assessment of the probability or relative frequency of an event against the aggregate severity of the loss.

Accepted Answer

A) True 
 B)False  True

Question 4

A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.

Accepted Answer

A) True 
 B)False

Question 5

The triple bottom line considers evaluating the firm against social, economic, and environmental criteria.

Accepted Answer

A) True 
 B)False

Question 6

An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

Accepted Answer

A) True 
 B)False

Question 7

One of the competitive dimensions that forms the competitive position of a company when planning its strategies is cost.

Accepted Answer

A) True 
 B)False

Question 8

Productivity is a relative measure.

Accepted Answer

A) True 
 B)False

Question 9

An order winner is a set of criteria that differentiates the products or services of one firm from another.

Accepted Answer

A) True 
 B)False

Question 10

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours. Using the appropriate productivity measure, what is the resulting productivity ratio?

Accepted Answer

A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of thesechoices are correct 
A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of thesechoices are correct

Question 11

Straddling occurs when activities are incompatible so that more of one thing necessitates less of another.

Accepted Answer

A) True 
 B)False

Question 12

When developing an operations and supply chain strategy, which of the following is an important product-specific criterion to consider?

Accepted Answer

A)  Technical liaison and support 
B)  Learning curve 
C)  Competitor's product performance 
D)  Production lot size 
E)  Total quality management 
A)  Technical liaison and support 
B)  Learning curve 
C)  Competitor's product performance 
D)  Production lot size 
E)  Total quality management

Question 13

Which of the following is a multifactor measure of productivity?

Accepted Answer

A)  Output ÷ Materials 
B)  Output ÷ (Labor + Capital + Energy) 
C)  Output ÷ All resources used 
D)  Output ÷ Inputs 
E)  All of these choices are correct 
A)  Output ÷ Materials 
B)  Output ÷ (Labor + Capital + Energy) 
C)  Output ÷ All resources used 
D)  Output ÷ Inputs 
E)  All of these choices are correct

Question 14

The corporate strategy is operationalized through a set of operations and supply chain decisions.

Accepted Answer

A) True 
 B)False

Question 15

Various financial data for SunPath Manufacturing for 2019 and 2020 follow.   What is the percentage change in SunPath's total productivity measure between 2019 and 2020?

Accepted Answer

A)  −9.22 
B)  2.33 
C)  −0.53 
D)  2.88 
E)  10.39 
A)  −9.22 
B)  2.33 
C)  −0.53 
D)  2.88 
E)  10.39

Question 16

Activity-system maps show how a company's strategy is delivered through a set of tailored activities.

Accepted Answer

A) True 
 B)False

Question 17

According to the economic aspect of the triple bottom line concept, the firm is required to compensate shareholders by paying dividends and growing the value of their common stock faster than their competitors.

Accepted Answer

A) True 
 B)False

Question 18

In a partial measure of productivity, the denominator of the ratio would include all resources used or all inputs.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a partial measure of productivity?

Accepted Answer

A)  Output ÷ Materials 
B)  Output ÷ (Labor + Capital + Energy) 
C)  Output ÷ All resources used 
D)  Output ÷ Inputs 
E)  All of these choices are correct 
A)  Output ÷ Materials 
B)  Output ÷ (Labor + Capital + Energy) 
C)  Output ÷ All resources used 
D)  Output ÷ Inputs 
E)  All of these choices are correct

Question 20

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?

Accepted Answer

A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of thesechoices are correct 
A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of thesechoices are correct

Exam 2: Strategy

If the employees of a firm attend a training program, then the time to assemble one unit is reduced by 10%. The training program will

Within a sustainability framework, the economic dimension of the triple bottom line concept goes beyond just profit for the firm but also provides lasting economic benefit to society.

Risk mapping involves assessment of the probability or relative frequency of an event against the aggregate severity of the loss.

A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.

The triple bottom line considers evaluating the firm against social, economic, and environmental criteria.

An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

One of the competitive dimensions that forms the competitive position of a company when planning its strategies is cost.

Productivity is a relative measure.

An order winner is a set of criteria that differentiates the products or services of one firm from another.

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours. Using the appropriate productivity measure, what is the resulting productivity ratio?

Straddling occurs when activities are incompatible so that more of one thing necessitates less of another.

When developing an operations and supply chain strategy, which of the following is an important product-specific criterion to consider?

Which of the following is a multifactor measure of productivity?

The corporate strategy is operationalized through a set of operations and supply chain decisions.

Various financial data for SunPath Manufacturing for 2019 and 2020 follow. What is the percentage change in SunPath's total productivity measure between 2019 and 2020?

Activity-system maps show how a company's strategy is delivered through a set of tailored activities.

According to the economic aspect of the triple bottom line concept, the firm is required to compensate shareholders by paying dividends and growing the value of their common stock faster than their competitors.

In a partial measure of productivity, the denominator of the ratio would include all resources used or all inputs.

Which of the following is a partial measure of productivity?

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?

Introduction

Design of Products and Services

Projects

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics, Distribution, and Transportation

Global Sourcing and Procurement

The Internet of Things and Erp

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Filters