Exam 18: Operations Management

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All organizations produce goods or services through the ________ process.

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Value chains that ________ information technology infrastructure often have problems coordinating and collaborating.

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Most countries in today's global business climate see ________ as the key to success.

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Value is any aspect of a product that customers ________ in the product.

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W. Edwards Deming thought that ________ the key to productivity.

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The critical path in a PERT is the ________ sequence of events that is required to complete the project in the ________ period of time.

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Deming felt that ________ with statistics.

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Each link in a value chain adds an equal amount of value to a product.

(True/False)
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In a short essay, describe the coordination and collaboration that is necessary for successful value chain management.

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In a short essay, define and discuss quality control in an organization.

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In a short essay, identify and explain the three main human resource requirements for value chain management.

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Manufacturing organizations produce both physical and nonphysical outputs.

(True/False)
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________ can lead to a value chain management company suffering losses of intellectual property.

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In value chain management, activities are eliminated from the organizational process if they do not add value to the process.

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The purpose of operations management is to manage ________.

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When the New York Times experimented with charging money for its online news source, its popularity on the Internet plummeted. This shows that online news, at least as it is defined in this market, has ________.

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Productivity is not important to value chain management.

(True/False)
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In a short essay, explain how organizational barriers can be an obstacle to effective management of a value chain.

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After World War II, U.S. managers made the mistake of thinking that ________.

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In order for a value chain to function successfully, different partners in the chain must ________.

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