Exam 1: Introduction to Operations Management

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Special-purpose technology is a common way of offering increased customization in manufacturing or services without taking on additional labor costs.

(True/False)
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The use of models will guarantee the best possible decisions.

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Which of the following does not relate to system design?

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Many operations management decisions can be described as tradeoffs.

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Lean production systems use a highly skilled work force and flexible equipment.

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The value of outputs is measured by the prices customers are willing to pay for goods or services.

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Among Ford's many contributions was the introduction of mass production, using the concept of interchangeable parts and division of labor.

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Operations and sales are the two ________ functions in businesses.

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Prior to the Industrial Revolution, goods were produced primarily by craftsmen or their apprentices using custom made parts.

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Which is not a significant difference between manufacturing and service operations?

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