100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Practice Quiz For Operations Management Creating Value Along the Supply Chain 9th Edition Roberta S. Russell, Bernard W. Taylor $17.99   Add to cart

Exam (elaborations)

Practice Quiz For Operations Management Creating Value Along the Supply Chain 9th Edition Roberta S. Russell, Bernard W. Taylor

 13 views  0 purchase

Practice Quiz For Operations Management Creating Value Along the Supply Chain 9th Edition Roberta S. Russell, Bernard W. Taylor

Preview 4 out of 100  pages

  • April 17, 2024
  • 100
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
  • Solution
  • Solution
avatar-seller
Nursedocs
Practice Test For
Operations Management Creating Value Along the Supply Chain 9th Edition
Roberta S. Russell, Bernard W. Taylor


Concept Check Questions for Learning Objectives
Chapter 1 – Introduction to Operations and Supply Chain Management

The Operations Function
N
1. The operations function interacts with
a. Marketing
U
b. Suppliers
c. Human resources
d. Finance
e. All of the above
R
Difficulty: Easy
Answer: d
SE
2. Operations is often described as
a. the creative core of an organization
b. a transformation process
c. the source of firm profitability
d. all of the above
D
Difficulty: Easy
Answer: b
O

The Evolution of Operations and Supply Chain Management
C
1. _____ helped to enable the Industrial Revolution.
a. Linear programming
S
b. Quality circles
c. Interchangeable parts
d. The Internet

Difficulty: Easy
Answer: c

2. The Principles of Scientific Management were proposed by
a. Adam Smith
b. Henry Ford
c. Frederick Taylor

, d. Elton Mayo
Difficulty: Easy
Answer: c




3. Supply chain management emerged as
a. companies started to outsource production
b. the number of suppliers for each company grew
c. globalization expanded the reach of suppliers and customers
N
d. all of the above

Difficulty: Easy
U
Answer: d


4. The quality revolution was brought to us by
R
a. Germany
b. Japan
c. China
SE
d. Mexico

Difficulty: Easy
Answer: b
D
Globalization
1. Globalization has grown rapidly due to
O
a. World trade agreements
b. The Internet
c. Outsourcing
d. All of the above
C
Difficulty: Easy
Answer: d
S
2. Which of the following countries has the highest hourly wage rate?
a. Norway
b. U.S.
c. Germany
d. South Korea

Difficulty: Moderate
Answer: a

3. Companies go global to
a. take advantage of favorable costs

, b. gain access to international markets
c. build reliable sources of supply
d. all of the above

Difficulty: Easy
Answer: d


4. Which of the following countries has the highest trade in goods as a percent of GDP?
a. U.S.
b. Germany
N
c. Japan
d. China

Difficulty: moderate
U
Answer: b


Productivity and Competitiveness
R
1. The most common measure of productivity is
a. Labor productivity
SE
b. Multifactor productivity
c. Material productivity
d. Technological productivity
Difficulty: Easy
Answer: a
D
2. Productivity is defined as
a. output over input
O
b. input over output
c. process yield
d. exports minus imports
C
Difficulty: Easy
Answer: a
S

Strategy and Operations

1. A company's ____________ is what they do better than anyone else.
a. primary task
b. core competence
c. order qualifier
d. positioning strategy

, Difficulty: Easy
Answer: b

2. The balanced scorecard keeps strategy on track by measuring
a. Finance, marketing, operations, and human resources
b. Finance, customers, processes, and learning and growing
c. Shareholder value, customer satisfaction, production efficiency, and worker satisfaction
d. Inputs and outputs to each critical process

Difficulty: Moderate
Answer: b
N
3. ________ converts strategy into measurable objectives down through the organization.
a. Strategic positioning
U
b. Policy deployment
c. Production planning
d. Vertical integration
R
Difficulty: easy
Answer: b
SE
4. The last factor considered in a purchasing decision is the
a. order qualifier
b. order winner
c. quality factor
d. core competency
D
Difficulty: Easy
Answer: b
Concept Check Questions for Learning Objectives
Chapter 1 Supplement – Operational Decision-Making Tools: Decision Analysis
O
Decision Analysis With and Without Probabilities
C
1. In a decision-making situation, events that may occur in the future are known as
a. risks
b. payoffs
S
c. states of nature
d. uncertainties

Difficulty: easy
Answer: c

2. A decision-making criterion that can be used for decision-making situations under conditions of risk
is
a. maximax
b. maximin
c. minimax regret
d. expected value

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursedocs. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
  Add to cart