OSM Chapter 2

25 July 2022
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question
Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position? A. Cost or price B. Delivery speed C. Delivery reliability D. Management acumen E. Coping with changes in demand
answer
Management acumen
question
A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following? A. Cost or price B. Focus C. Automation D. Straddling E. Activity-system mapping
answer
Cost or price
question
When developing an operations and supply chain strategy, which of the following is an important product-specific criterion to consider? A. Technical liaison B. Learning curve C. Competitor's product performance D. Production lot-size E. Total quality management
answer
Technical liaison
question
In development of an operations and supply chain strategy, which of the following may be an important product-specific criteria to consider? A. Focus B. Production lot-size C. Supplier after-sale support D. Learning curve E. Total quality management
answer
Supplier after-sale support
question
When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? A. Operations capability analysis B. Straddling C. Order qualifying D. Order winning E. Inter-functional analysis
answer
Straddling
question
An activity-system map is which of the following? A. A network guide to route airlines B. A listing of activities that make up a project C. A diagram that shows how a company's strategy is delivered to customers D. A facility layout schematic noting what is done where E. A timeline displaying major planned events
answer
A diagram that shows how a company's strategy is delivered to customers
question
Which of the following is a partial measure of productivity? A. Output / Materials B. Output / (Labor + Capital + Energy) C. Output / All resources used D. Output / Inputs E. All of these
answer
Output/Materials
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Which of the following is a multifactor measure of productivity? A. Output / (Materials) B. Output / (Labor + Capital + Energy) C. Output / All resources used D. Output / Inputs E. All of these
answer
Output/(Labor + Capital + Energy)
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Which of the following is a total measure of productivity? A. Output / Materials B. Output / (Labor + Capital + Energy) C. Output / Labor D. Output / Inputs
answer
Output/Inputs
question
If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, what kind of productivity measure could you use to compute productivity? A. Partial measure B. Multifactor measure C. Total measure D. Global measure
answer
Partial measure
question
If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity? A. Partial measure B. Multifactor measure C. Total measure D. A and B above E. B and C above
answer
A and B above
question
The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio? A. 1.000 B. 1.428 C. 0.700 D. 0.411 E. None of these
answer
1.428 500 units divided by 350 hours =1.428
question
The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours. Using the appropriate productivity measure, what is the resulting productivity ratio? A. 1.000 B. 1.428 C. 0.700 D. 0.411
answer
1.000 900 units divided by 900 hours equals 1.0 units per hour.
question
Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week but in May there were only two part-time workers and they only worked 10 hours per week. What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair? A. -20.00% B. -15.82% C. 8.95% D. 2.3% E. -25.00%
answer
8.95% Labor productivity is output (revenue) divided by hours of labor input. For April, revenue was $60,000 and labor hours were 4x[(40x6)+(25x4)]. This is 60,000/1,360 or 44.12 dollars per hour of labor. For May, revenue was $50,000 and labor hours were 4x[(40x6)+(10x2)] This is 50,000/1,040 or 48.07 dollars per hour of labor a difference of $3.95 per hour. The percentage change in productivity between April and May, then, is 3.95/44.12 = 0.0895 x 100 = 8.95%.
question
What is meant by the term "operations effectiveness?" A. Products produced in sufficient volume to meet demand B. Products produced at the lowest price in the industry C. Operations that run without error and with no surprises for top management D. Operations that can adapt quickly and efficiently to new and evolving conditions E. Performing activities in a manner that best implements strategic priorities at minimum cost
answer
Performing activities in a manner that best implements strategic priorities at minimum cost
question
Decisions that relate to the design of the processes and the infrastructure needed to support these processes relate to which OSCM concept? A. Sustainability B. Competitive dimensions of OSCM C. Making trade-offs D. integrating operations and supply chain strategy with a firm's operational capabilities E. Supply chain risk
answer
integrating operations and supply chain strategy with a firm's operational capabilities
question
In a partial measure of productivity the denominator of the ratio would include all resources used or all inputs.
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FALSE:In a partial measure of productivity the denominator includes only a single input.
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In a multifactor measure of productivity the numerator of the ratio would include all resources used or all inputs.
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FALSE: In a multi-factor measure of productivity the denominator includes several but not all input
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The tripe bottom line considers evaluating the firm against social, economic, and environmental criteria
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TRUE: The triple bottom line considers evaluating the firm against social, economic, and environmental criteria.
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Sustainability means meeting a firm's current needs without excessively compromising the ability of future generations to meet their own needs.
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FALSE: By adding "sustainability" to the concept (of strategy), we add the requirement to meet these current needs without compromising the ability of future generations to meet their own needs. (Excessively is not mentioned.
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The social impact of the triple bottom line concept pertains to fair and beneficial business practices toward labor, the community, and the region in which a firm conducts its business.
answer
TRUE: "Social" pertains to fair and beneficial business practices toward labor, the community, and the region in which a firm conducts its business