Exam 1: Operations and Supply Chain Management

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Services are intangible processes that cannot be weighed or measured.

(True/False)
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The central idea of supply chain management is to apply a total system approach to managing the flow of information,materials,and services from raw material suppliers through factories and warehouses to the end customer.

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Capturing information directly from the source through such systems as point-of-sale,radio-frequency identification tags,bar-code scanners,and automatic recognition has had little impact on Operations and Supply Chain Management.

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The term "electronic commerce" refers to the buying and selling of electronic products and devices.

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bank branch manager position is not an OSCM-type of job.

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Wall Street analysts are not particularly concerned with how efficient companies are from an operations and supply management view.

(True/False)
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The approach that advocates making revolutionary changes as opposed to evolutionary changes is called creation theory.

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Which of the following are not listed in the text as jobs in OSCM?

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"Operations" refers to manufacturing and service processes used to transform resources employed by a firm into products desired by customers.

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Which of the following is a measure of operations and supply management efficiency used by Wall Street?

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One of the "package of features" that make up a service is:

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