Which of the following principles emphasizes that actions should make the community as a whole better off?
Multiple Choice
The Fairness Principle
The Virtue Principle
The Utilitarian Principle
The Rights Principle
The Common Good Principle
answer
The Common Good Principle
question
Which of the following is not a benefit of using models in decision making?
Multiple Choice
-They serve as a consistent tool for evaluation.
-They offer insights into fundamental issues at play in a decision-making setting.
-They provide a standardized format for analyzing a problem.
They force the decision maker to take into account qualitative issues such as personalities and emotions.
-They are easy to use and less expensive than dealing with the actual situation.
answer
They force the decision maker to take into account qualitative issues such as personalities and emotions.
question
Some companies attempt to maximize the revenue they receive from fixed operating capacity by influencing demands through price manipulation. This is an example of
Multiple Choice
outsourcing.
collusion.
volume analysis.
illegal price discrimination.
revenue management.
answer
revenue management.
question
Product design and process selection are examples of _______ decisions.
Multiple Choice
financial
system operation
tactical
system design
forecasting
answer
system design
question
Managing the supply chain has become more important as a result of firms increasing their levels of
Multiple Choice
overtime.
shipping.
marketing.
outsourcing.
promotions.
answer
outsourcing
question
The essence of the operations function is to _____ during the transformation process.
Multiple Choice
gather information
produce goods
add labor
add value
measure feedback
answer
add value
question
Which of the following statements about variation is false?
Multiple Choice
Random variation generally cannot be influenced by managers.
Some variation can be prevented.
Variation prevents a production process from being as efficient as it can be.
Any variation makes a production process less productive
Variation can either be assignable or random.
answer
Any variation makes a production process less productive
question
Taking a systems viewpoint with regard to operations in today's environment increasingly leads decision makers to consider ______________ in response to the ___________.
Multiple Choice
technology; impact of random variation
flexibility; pressure to be more efficient
forecasting; stabilization of demand
sustainability; threat of global warming
offshoring; need to promote domestic production
answer
sustainability; threat of global warming
question
Which of the following would tend to increase the importance of supply chain management?
Multiple Choice
lower levels of outsourcing
increased supply chain stability
greater emphasis on local markets
increased globalization
reduced competitive pressures
answer
increased globalization
question
The responsibilities of the operations manager include
Multiple Choice
the creation of goods or provision of services.
analyzing investment proposals.
allocating financial resources throughout the organization.
promoting the organization's goods or services.
assessing consumer wants and needs
answer
planning, organizing, staffing, directing, and controlling
the creation of goods or provision of services.
question
Which of the following would not generally be classified under the heading of transformation?
Multiple Choice
assembling
farming
consulting
teaching
staffing
answer
staffing
question
Supplying operations with parts and materials, performing work on products, and/or performing services are part of the firm's
Multiple Choice
division of labor.
external process orientation.
internal supply chain.
outsourcing.
market development.
answer
internal supply chain.
question
Which of the following is an example of a supporting process?
Multiple Choice
purchasing
information technology
marketing
sales
strategy
answer
information technology
question
Which of the following is not a characteristic of service operations?
Multiple Choice
easy measurement of productivity
low uniformity of input
high customer contact
high labor content
intangible output
answer
easy measurement of productivity
question
Which of the following is a type of transformation process used by operations to convert inputs into outputs?
Multiple Choice
cutting
storing
transporting
analyzing
all of these choices are transformation processes
answer
all of these choices are transformation processes
question
Buying goods or services instead of producing or providing them in-house is called
Multiple Choice
internationalization.
outsourcing.
entrepreneurship.
downsizing.
vertical integration.
answer
outsourcing.
question
Which of the following is not an element of supply chain management?
Multiple Choice
operations
logistics
customers
processing
location
answer
operations
Supply chain managers work with external partners to procure parts and raw materials needed to produce the product, create the inventory, and sell the product to outside markets. These professionals evaluate suppliers and negotiate contracts with vendors.
question
Which of the following is a system in which low-skilled workers use specialized equipment to produce high volumes of standardized goods?
Multiple Choice
craft production
mass production
supply chain
lean systems
the Internet
answer
mass production
question
Dealing with the fact that certain aspects of any management situation are more important than others is called
Multiple Choice
analysis of variance.
decision table analysis.
analysis of trade-offs.
sensitivity analysis.
recognition of priorities.
answer
recognition of priorities.
question
Measurements taken at various points in the transformation process for control purposes are called
Multiple Choice
directions.
plans.
budgets.
controls.
feedback.
answer
feedback.
Haven't found what you need?
Search for quizzes and test answers now
Quizzes.studymoose.com uses cookies. By continuing you agree to our cookie policy