Productivity is defined as the ratio of input to output. correct answers False
Tracking productivity measures over time enables managers to judge organizational performance and decide where improvements are needed. correct answers True
Production and productivity are the same things. correct ...
MGT 325 Midterm || WITH 100% CORRECT
SOLUTIONS.
Productivity is defined as the ratio of input to output. correct answers False
Tracking productivity measures over time enables managers to judge organizational
performance and decide where improvements are needed. correct answers True
Production and productivity are the same things. correct answers False
Strategy is a plan/roadmap for achieving organizational goals. correct answers True
Mission is the reason for an organization's existence. correct answers True
Which of the following is not among the chief reasons organizations fail? correct answers
improving quality and efficiency
Which of the following is not correct about competitiveness? correct answers Advertising and
promotion are examples of competition via operations
Which of the following is the definition of core competency? correct answers The special
attributes or abilities that give an organization a competitive edge
Which of the following provides the correct order of hierarchical planning from top to
bottom? correct answers Mission, Goals, Organizational Strategies, Functional Strategies,
Tactics and Operations
Which of the following is not a part of SWOT Analysis? correct answers Internal Processes
Which of the following is not a factor that needs to be taken into account while formulating
strategy? correct answers Reliability
5 workers produced 500 cases of canned cherries in 5 hours. Find labor productivity. correct
answers 20 cases per labor hour
4 machines produced 1,000 pieces in 5 hours. Find machine productivity. correct answers 50
pieces per machine hour
To produce 60,000 golf balls, $8,000 of material; $2,000 of labor; $1,500 of machining; and
$500 of energy (electricity & gas) were used. Find multi-factor productivity. correct answers
5 golf balls per $
Operations management is the management of systems or processes that create goods and/or
services. correct answers True
Production is the creation of goods only. correct answers False
There are two types of models: physical models and mathematical models correct answers
False
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