Operations Management Midterm

17 October 2022
4.7 (114 reviews)
116 test answers

Unlock all answers in this set

Unlock answers (112)
question
which of the following are the primary functions of all organizations
answer
marketing, production/ operations, and finance/ accounting
question
which of the following pioneers was not making a professional impact during the scientific management era
answer
w. edwards deming
question
which of the following would not be an operations function in a commercial bank
answer
auditing
question
the marketing functions main concern is with
answer
generating demand from the organizations products and services
question
which of the following tasks within an airline company are related to operations
answer
crew scheduling
question
what is a global network of organizations and activites that supply a firm with good and services
answer
supply chain
question
which of the following fosters specialization and worldwide supply chains
answer
instant communications
question
reasons to study operations management include
answer
studying how people organize themselves for productive enterprise/ learning about a costly part of the enterprise
question
reasons to study operations management include learning about
answer
all of the above
question
what are the 5 elements in the management process
answer
plan, organize, staff, lead, and control
question
which of the following is not an element of the management process
answer
pricing
question
an operations manager is not likely to be involved in
answer
the identification of customers wants and needs
question
all of the following decisions fall within the scope of operations management except
answer
creating the company income statement
question
the 10 strategic operations management decisions include
answer
all of the above
question
which of the following is not one of the 10 strategic operations management decisions
answer
mass customization
question
walter shewhart is listed among the important people of operations management because of his contributions to
answer
information technology
question
walter shewhart in the ______ provided the foundations for ___________ in operations management
answer
1920s : statistical sampling
question
eli whitney in the_____ provided the foundation for ________ in operations management
answer
nineteenth century ; interchangeable parts
question
who was the person most responsible for the popularizing of interchangeable parts in manufacturing
answer
eli whitney
question
the father of scientific management is
answer
Frederick Taylor
question
henry ford is noted for his contributions to
answer
assembly line operations
question
who among the following is associated with contributions to quality control in operations management
answer
w. edwards deming
question
the field of operations management is shaped by advances in which of the following fields
answer
industrial engineering and management science biology and anatomy
question
which of the following statement is true
answer
the person most responsible for initiating the use of interchangeable parts in manufacturing was eli whitney
question
which of the following is the best example of a pure service
answer
couseling
question
the service sector makes up approximately what percentage of all jobs in the US
answer
86%
question
which is not true regarding differences between goods and services
answer
tangible goods are generally produced and consumed simultaneously services are not
question
which is not true regarding differences between goods and services (2)
answer
goods tend to have higher customer interaction than services
question
which of the following services is least likely to be unique ie customized to a particular individuals needs
answer
elementary education
question
which of the following is not a typical service attribute
answer
easy to store
question
which of the following attributes is most typical of a service
answer
production and consumption occur simultaneously
question
which of the following is similarity between goods and services
answer
both have quality standards
question
which of the following statements regarding the dreamliner 787 is true
answer
all of the above
question
boeings new 787 dreamliner
answer
has increased efficiency from new engine technology
question
cost cutting in international operations can take place because of
answer
all of the above
question
which of the following did the authors not suggest as a reason for globalizing operations
answer
pursue stockholder approval rating
question
multinational organizations can shop from country to country and cut costs through
answer
all of the above
question
the term maquiladora is most synonymous with
answer
free trade zones
question
Which of the following is TRUE of maquiladoras?
answer
the assess tariffs only on the value- added work done
question
Which of the following represents a reason for globalizing operations?
answer
all of the above
question
Which of the following does NOT represent a valid reason for globalizing operations?
answer
reduce responsiveness
question
The purpose of NAFTA is to:
answer
Phase out all trade and tariff barriers between the US, Canada and Mexico
question
With reference to cultural and ethical issues, the World trade Organization has:
answer
Made progress in providing equal protection of intellectual property among nations
question
Which of the following activities takes place most immediately once the mission has been developed?
answer
the functional areas develop their supporting missions
question
Which of the following statements about organizational missions is FALSE?
answer
they are formulated after strategies are known
question
The fundamental purpose of an organization's mission statement is to:
answer
define the organizations purpose in society
question
Which of the following statements is TRUE?
answer
functional strategies are shaped by corporate strategy
question
According to the authors, which of the following strategic concepts allow firms to achieve their missions?
answer
differentiation, cost leadership, and response
question
A Strategy is:
answer
action plan to achieve the mission
question
Which of the following is LEAST likely to be a low-cost leadership[ competitive advantage?
answer
broad product line
question
A firm can effectively use its operations function to yield competitive advantage through all of the following EXCEPT:
answer
setting equipment utilization goals below the industry average
question
The ability of an organization to produce goods or services that have some uniqueness in their characteristics is:
answer
competing on differentiation
question
Which of the following statements best characterizes delivery reliability?
answer
a co. that always delivers at the promised time
question
Which of the following is an example of competing on the basis of differentiation?
answer
a firm offers more reliable products than its competitors do
question
the ability of an organization to produce services that, by utilizing the consumer's 5 senses, have some uniqueness in their characteristics is:
answer
experience differentiation
question
Which of the following best describes Experience differentiation?
answer
all of the above are elements of experience differentiation
question
Experience Differentiation
answer
is an extension of product differentiation in the service sector
question
Which of the following is the best example of competing on low-cost leadership?
answer
A firm produces its product with less raw material waste than its competitors do
question
Franz Colruyt has achieved low-cost leadership through:
answer
converting factories, garages and theaters into retail outlets
question
Which of the following is an example of competing on quick response?
answer
a firms products are introduced into the market faster than its competitors
question
Response-based competitive advantage can be:
answer
all of the above
question
Before establishing and implementing strategy, a resources view would ensure that which of the following resources are available?
answer
all of the above
question
Porter's 5 Forces Model is used to evaluate competition based on which 5 aspects?
answer
Immediate rivals, potential entrants, customers, suppliers, and substitute products
question
Porter's 5 Forces Model contains which of the following:
answer
all of the above
question
Who introduced the concept of Value-chain analysis?
answer
porter
question
value-Chain analysis can be used to determine if a business is adding unique value in which of the following areas?
answer
all of the above
question
Which of the following is NOT part of Value-chain analysis?
answer
marketing
question
Which of the following environmental factors has not contributed to Microsft's changing strategy
answer
global warming
question
Standardization is an appropriate strategy in which stage of the product life cycle?
answer
maturity
question
Cost minimization is an appropriate strategy in which stage of the product life cycle?
answer
decline
question
Which of the following OM strategy / issues should a firm with a product in the maturity stage of its product life cycle be LEAST concerned with at the present time?
answer
increased capacity
question
Given the position of the 3-D printer in the growth stage of its life cycle, which of the following OM strategy/Issues should the makers of 3-D printers be LEAST concerned with at the current time?
answer
cost cutting
question
Which of the following has progressed the FURTHEST along its product life cycle?
answer
drive through restaurants
question
Which of the following has made the LEAST progress along its product life cycle?
answer
3-d game players
question
An SWOT analysis determines:
answer
Internal strengths and weaknesses and external opportunities and threats
question
What is the practice of transferring a firm's activities that have traditionally been internal to external suppliers?
answer
Outsourcing
question
Outsourcing is simply an extension of the long-standing practice of:
answer
subcontracting
question
Outsourcing manufacturing is also known as:
answer
contract manufacturing
question
What theory implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can?
answer
theory of comparative advantage
question
Which of the following statements is most accurate?
answer
approximately half of all outsourcing agreements fail
question
Advantages of outsourcing do NOT include:
answer
potential creation of future competition
question
Which of the following statement about Bechtel is TRUE?
answer
all of the above
question
Which of the following projects were completed by Bechtel?
answer
all of the above
question
The phases of project management are:
answer
planning, scheduling, controlling
question
Which of the following is NOT one of the phases of project management?
answer
budgeting
question
A project Organization:
answer
is effective for companies with multiple large projects
question
A code of ethics especially for project managers:
answer
has been established by the project management institute
question
Ethical issues that may arise in projects large and small include:
answer
all of the above
question
A project organization that becomes permanent is often referred to as a:
answer
matrix organization
question
WBS stands for which of the following project management tools?
answer
work breakdown structure
question
Which of the following statements regarding critical paths is true?
answer
every network has only one critical path
question
Which of the following statements regarding CPM is true?
answer
all activities on the critical path have their LS equal to the maximum EF all of immediate predecessors
question
Which of the following statements regarding CPM networks is true?
answer
none of the above are true
question
What two numbers are contained n the daily report to the CEO of Walt Disney Parks & Resorts regarding the 6 Orlando Parks?
answer
yesterdays forecasted attendance and yesterdays actual attendance
question
As compared to long-range forecasts, short-range forecasts:
answer
deal with less comprehensive issues supporting management decisions
question
One use of short-range forecasts is to determine
answer
job assignments
question
Forecasts are usually classified by time horizon into which three categories?
answer
short-range, medium-range, and long range
question
A forecast with a time horizon of about 3 months to 3 years is typically called a
answer
medium-range forecast
question
Forecasts used for new product planning, capital expenditures, facility location or expansion, and R&D utilize a:
answer
long- range time horizon
question
The three major types of forecasts used by organizations in planning future operations are:
answer
economic, technological and demand
question
Which of the following most requires long-range forecasting (as opposed to short-range or medium-range forecasting) for its planning purposes?
answer
capital expenditures
question
Short-range forecasts tends to_____ longer-range forecasts:
answer
be more accurate than
question
What forecasting systems combine the intelligence of multiple supply chain partners?
answer
CPER
question
The two general approaches to forecasting are:
answer
qualitative and quantitative
question
Which of the following uses three types of participants; decision makers, staff personnel, and respondents:
answer
delphi method
question
The forecasting technique that pools the opinions of a group of experts or managers is known as:
answer
jury of executive opinion
question
Which of the following is not a type of qualitative forecasting?
answer
moving average
question
Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?
answer
associative models
question
Time-series data may exhibit which of the following behaviors?
answer
they may exhibit all of the above
question
Gradual upward or downward movement of data over tine is called:
answer
a trend
question
Which of the following is not present in a time-series?
answer
operational values
question
The fundamental difference between cycles and seasonality is the:
answer
duration of the repeating patterns
question
In a time-series, which of the following cannot be predicted?
answer
random variations
question
Which time-series model uses BOTH past forecasts and past demand data to generate a new forecast?
answer
exponential smoothing
question
Which of the following is NOT a characteristic of exponential smoothing?
answer
weights each historical value equally
question
Which of the following smoothing constants would make an exponential smoothing forecast equivalent to a naïve forecast?
answer
1.0