Exam 1: Introduction to Operations and Supply Chain Management

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Ensuring good quality underlies all operational decisions.

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Canadian companies can become globally competitive by emphasizing the strategic importance of operations.

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When purchasing a car, what might be order winners?

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A manager of a global supply chain is concerned with all the following except

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Single factor productivity compares output to an individual input.

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A small parts manufacturer has just engineered a new product for the automotive industry. In order to produce the part the company can expand existing facilities, acquire a competitor, or subcontract production. The company believes the product will either experience high market demand or low market demand. The following payoff table describes the company's decision situation: A small parts manufacturer has just engineered a new product for the automotive industry. In order to produce the part the company can expand existing facilities, acquire a competitor, or subcontract production. The company believes the product will either experience high market demand or low market demand. The following payoff table describes the company's decision situation:   The best decision for the manufacturer using the equal likelihood criterion is to The best decision for the manufacturer using the equal likelihood criterion is to

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Quantitative methods are tools available to operations managers to help make a decision but not a recommendation.

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A small parts manufacturer has just engineered a new product for the automotive industry. In order to produce the part the company can expand existing facilities, acquire a competitor, or subcontract production. The company believes the product will either experience high market demand or low market demand. The following payoff table describes the company's decision situation: A small parts manufacturer has just engineered a new product for the automotive industry. In order to produce the part the company can expand existing facilities, acquire a competitor, or subcontract production. The company believes the product will either experience high market demand or low market demand. The following payoff table describes the company's decision situation:   The best decision for the manufacturer using the maximax decision criterion is to The best decision for the manufacturer using the maximax decision criterion is to

(Multiple Choice)
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Order qualifiers are the characteristics of a product that have to be satisfied just to be considered for purchase by a customer.

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Quantitative methods are tools available to operations managers to help make a decision or recommendation.

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Human resources management provides demand estimates that are used in production decisions.

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The four primary functional areas of a firm are marketing, finance, operations, and human resources.

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A firm who is adept at recognizing global windows of opportunity, acting on those very quickly, with tight linkages can be said to be competing on

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Which of the following is not one of the four primary functional areas of a firm?

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Transformation processes are all of the following except

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Linear programming, simulation, and waiting line theory are most closely associated with which era in the historical development of operations management?

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Operations management is concerned with

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To be effective an operations manager needs an integrated view of business organizations.

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Mass production refers to high-volume production of a standardized product.

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Firms compete in the marketplace based on cost, speed, quality, and flexibility.

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