Production is the creation of goods only. correct answers False
It becomes less expensive to store and transport goods, as they are more value-added by the processes in the supply chain. correct answers False
Which of the following is not a characteristic of service operations? correct answer...
MGT 325 quiz questions 1-3 (hw 1) CORRECTLY
ANSWERED.
Production is the creation of goods only. correct answers False
It becomes less expensive to store and transport goods, as they are more value-added by the
processes in the supply chain. correct answers False
Which of the following is not a characteristic of service operations? correct answers Easy
measurement of productivity
Which of the following is not a benefit of using models in decision making? correct answers
All models are useless
Which one of the following is false about supply chains? correct answers Customer is not a
part of supply chain
What are the basic functional areas of business operations? correct answers Finance,
Operations, Marketing
Simplicity is an important feature of models. Complicated models are preferred over simple
ones. correct answers False
Which of the following lists all major components of a supply chain correctly? correct
answers Raw Material-Suppliers-Producer-Distributor-Retailer-Customer
What are the commonly used measures of variation? correct answers Standard Deviation,
Variance and Range
Sustainability is using resources in ways that do not harm ecological systems that support
human existence correct answers True
productivity is the ratio of output to input correct answers true
competitiveness is how effectively an organization meets the wants and needs of customers
relative to others that offer totally different goods and services correct answers false
mission can be viewed as an organizational destination correct answers false
strategy is a road map for reaching the organizational destinations correct answers true
4 workers installed 720 square yards of carpeting in 8 hours. find labor productivity correct
answers 720/32= 22.5 yards/hour
a wrapping paper company produced 2,000 rolls of paper in one day. labor cost was $160,
material cost is $50, and overhead was $320. determine multi-factor productivity. correct
answers 3.77 rolls per dollar input
higher production implies higher productivity correct answers false
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