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Exam 1 Review OMIS 338 questions with correct answers
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Exam 1 Review OMIS 338 questions with correct answers
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Exam 1 Review OMIS 338transportation process - correct answer ✔✔inputs --> process --> outputs
inputs - correct answer ✔✔material
labor
capital
process - correct answer ✔✔optimized system that transforms inputs to outputs
outputs - correct answer ✔✔goods and services
operations managment - correct answer ✔✔activities that creates value in the form of goods and
services by transforming inputs into outputs
services - correct answer ✔✔produce intangible objects
education
entertainment
lodging
government
financial
health services
goods - correct answer ✔✔tangible object
kept in inventory
limited customer involvement
standardize
automobile, computer, installed carpeting
, Note: OM addresses transformation of goods and services
productivity - correct answer ✔✔measure of process improvement
creation of goods and services
equation for productivity - correct answer ✔✔output produced divided by input used
transformation process - correct answer ✔✔business efficiency is achieved through productivity
improvements
external stakeholders - correct answer ✔✔government
suppliers
future employees
shareholders
customers
communities
internal stakeholders - correct answer ✔✔top management
sales/marketing
engineering
supply chain
quality
finance
human resources
legal
communications
information systems
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