Exam (elaborations)

Test Bank for- Operations and Supply Chain Management The Core 16th Edition By Jacobs, Chase {All Chapters, 100% Original Verified, A+ Grade] COMPLETE GUIDE

0 purchase

Course
Operations & Supply Chain Management, 16th Edition

Institution
Operations & Supply Chain Management, 16th Edition

Test Bank for- Operations and Supply Chain Management The Core 16th Edition By Jacobs, Chase {All Chapters, 100% Original Verified, A+ Grade] COMPLETE GUIDETest Bank for- Operations and Supply Chain Management The Core 16th Edition By Jacobs, Chase {All Chapters, 100% Original Verified, A+ Grade] C...

[Show more]

Preview 4 out of 775 pages

View example

Uploaded on September 15, 2024
Number of pages 775
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

16th edition
test bank for operations and supply chain managem
operations and supply chain management the core

Institution Operations & Supply Chain Management, 16th Edition
Course Operations & Supply Chain Management, 16th Edition

QUIVERS Member since 6 months 56 documents sold

$21.99

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

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

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

,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:
RememberDiffic ` `

ulty: 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,
` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` `

wecould 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.
` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` `

Thedoctor performed the surgery without error. Because the patient died, no value was created.
` ` ` ` ` ` ` ` ` ` ` ` ` ` `

AACSB: Analytical Thinking ` `

Blooms:
AnalyzeDifficulty: 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 Difficult ` `

y: 2 Medium ` `

Learning Objective: 01-04 Evaluate the efficiency of a
` ` ` ` ` ` `

firm. Topic: Efficiency, Effectiveness, and
` ` ` ` `

Value `

1-3
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 Difficult ` `

y: 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
` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` `

anddeliver 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 deliverthe
` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` `

firm's primary products and services.
` ` ` ` `

AACSB: Analytical Thinking ` `

Blooms:
RememberDiffic ` `

ulty: 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:
RememberDiffic ` `

ulty: 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 betweenthe
` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` `

two goals.
` `

TRUE

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

AACSB: Analytical Thinking ` `

Blooms:
AnalyzeDifficulty ` `

: 1 Easy ` `

Learning Objective: 01-04 Evaluate the efficiency of a
` ` ` ` ` ` `

firm.Topic: Efficiency, Effectiveness, and
` ` ` ` `

Value `

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

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

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

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 QUIVERS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $21.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Seller

Exam (elaborations) ·

Exam (elaborations)

Test Bank for- Operations and Supply Chain Management The Core 16th Edition By Jacobs, Chase {All Chapters, 100% Original Verified, A+ Grade] COMPLETE GUIDE

Document information

Subjects

Connected book

More summaries for

Written for