100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
TEST BANK FOR Operations and Supply Chain Management 16th Edition By F. Robert Jacobs All Chapters A+ $12.99   Add to cart

Exam (elaborations)

TEST BANK FOR Operations and Supply Chain Management 16th Edition By F. Robert Jacobs All Chapters A+

 14 views  0 purchase
  • Course
  • Institution
  • Book

TEST BANK FOR Operations and Supply Chain Management 16th Edition By F. Robert Jacobs All Chapters A+

Preview 4 out of 583  pages

  • July 7, 2024
  • 583
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Test Bank for
Operations and Supply Chain Management 16th Edition By F. Robert Jacobs
Chapter 1-22


Chapter 01 Test Bank Static
1. Efficiency means doing the right things to create the most value for the company.

FALSE

Efficiency means doing something at the lowest possible cost.

2. Effectiveness means doing the right things to create the most value for the company.

TRUE

Effectiveness means doing the right things to create the most value for the company.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value

3. A doctor completes a surgical procedure on a patient without error. The patient dies anyway. In operations management terms, we
could refer to this doctor as being efficient but not effective.

TRUE

Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value. The
doctor performed the surgery without error. Because the patient died, no value was created.

AACSB: Analytical Thinking
Blooms: Analyze
Difficulty: 2 Medium
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value

4. A worker can be efficient without being effective.

TRUE

Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value.
These are different things.

AACSB: Analytical Thinking
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value




1-1
Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.

,5. A process can be effective without being efficient.

TRUE

Often, maximizing effectiveness and efficiency at the same time creates conflict between the two goals. "Being efficient" at the
customer service counter at a local store or bank means using the fewest number of clerks possible at the counter. Being effective,
though, means minimizing the amount of time customers need to wait in line.

AACSB: Analytical Thinking
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value

6. Operations and supply chain management is defined as the design, operation, and improvement of the systems that create and
deliver the firm's primary products and services.

TRUE

Operations and supply chain management is defined as the design, operation, and improvement of the systems that create and deliver
the firm's primary products and services.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Identify the elements of operations and supply chain management. (OSCM)
Topic: What Is Operations and Supply Chain Management?

7. The term "value" refers to the relationship between quality and the price paid by the consumer.

TRUE

Related to efficiency and effectiveness is the concept of value, which can be metaphorically defined as quality divided by price.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value

8. Attempting to balance the desire to efficiently use resources while providing a highly effective service may create conflict between
the two goals.

TRUE

Often maximizing effectiveness and efficiency at the same time creates conflict between the two goals.

AACSB: Analytical Thinking
Blooms: Analyze
Difficulty: 1 Easy
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value




1-2
Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.

,9. Central to the concept of operations strategy are the notions of operations focus and trade-offs.

TRUE

Central to this thinking was the notion of factory focus and manufacturing trade-offs. Because a factory cannot excel on all
performance measures, its management must devise a focused strategy, to perform a limited set of tasks extremely well. This requires
trade-offs.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-03 Recognize the major concepts that define the operations and supply chain management field.
Topic: Historical Development of Operations and Supply Chain Management

10. OSCM is concerned with management of the trickiest parts of the system that produces a good or delivers a service.

FALSE

OSCM is concerned with the management of the entire system that produces a good or delivers a service.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?

11. OSCM is a functional field of business with clear line management responsibilities.

TRUE

OSCM is a functional field of business with clear line management responsibilities.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-02 Know the potential career opportunities in operations and supply chain management.
Topic: What Is Operations and Supply Chain Management?

12. The supply network can be thought of as a pipeline through which cash, material, and information flow.

FALSE

Think of the supply network as a pipeline through which material and information flow.

AACSB: Analytical Thinking
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?

13. Supply networks cannot be constructed for every product or service.

FALSE

Networks such as this can be constructed for any product or service.

AACSB: Analytical Thinking
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?


1-3
Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.

, 14. "Operations" refers to manufacturing and service processes used to transform resources employed by a firm into products desired
by customers.

TRUE

Operations refers to manufacturing, service, and health care processes that are used to transform the resources employed by a firm into
products desired by customers.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?


15. "Supply chain" refers to processes that move information and material to and from the manufacturing and service processes of the
firm.

TRUE

Supply chain refers to processes that move information and material to and from the manufacturing and service processes of the firm.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?


16. "Supply chain" includes only inbound freight and inventory.

FALSE

Supply chain refers to processes that move information and material to and from the manufacturing and service processes of the firm.

AACSB: Analytical Thinking
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?


17. It is critical that a sustainable strategy meet the needs of shareholders and employees first, and then focus on preserving the
environment.

FALSE

A sustainable strategy that meets the needs of shareholders and employees while preserving the environment is critical.

AACSB: Analytical Thinking
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
Topic: What Is Operations and Supply Chain Management?




1-4
Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.

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 ASolution. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79271 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
$12.99
  • (0)
  Add to cart