Week 4 Quiz
1
Which of the following costs is associated with a firm’s operations and materials
management function?
o
The cost of employee wages, including benefits
o
The cost of the machinery, computers, tools, buildings, and equipment
o
The stock value of finished products a company holds in inventory
o
The cost of work-in-process goods, semifinished products moving through the
production process
2
Which of the following is one of the four major sources of competitive advantages provided
by information technology?
o
Artificial intelligence
o
Superior innovation
o
Cutting edge communication
o
Rapid development
3
In the history of modern computers, which of the following came first?
o
The World Wide Web
o
PCs
o
Microprocessors
o
Mainframe computers
4
For what purpose do businesses consider establishing maquiladoras?
o
, Reduce inventory costs.
o
Reduce labor costs.
o
Reduce raw materials costs.
o
Reduce distribution costs.
5
The operating system that combines both the benefits of customized products and low cost
production is called
o
standardized production
o
flexible production
o
mass production
o
small-batch production
6
According to Jones (2007), what attributes should information provided to managers have to
be useful to the organization?
o
Complete, efficient, effective, relevant
o
Superior, relevant, timely, and innovative
o
Complete, accurate, relevant, and timely
o
Clear, quality, engaging, and responsive
7
According to Jones (2007), the semi-finished goods and services that go through a
company’s production process are called
o
work-in-process
o
conversion
o
distribution
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