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TEST BANK - Jacobs and Chase, Operations and Supply Chain Management 16th Edition, All Chapters 1 - 22, Newest Version || Complete Solution Guide, $16.99   Add to cart

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TEST BANK - Jacobs and Chase, Operations and Supply Chain Management 16th Edition, All Chapters 1 - 22, Newest Version || Complete Solution Guide,

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TEST BANK - Jacobs and Chase, Operations and Supply Chain Management 16th Edition, All Chapters 1 - 22, Newest Version || Complete Solution Guide,TEST BANK - Jacobs and Chase, Operations and Supply Chain Management 16th Edition, All Chapters 1 - 22, Newest Version || Complete Solution Guide,TEST ...

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  • October 25, 2024
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  • Operations & Supply Chain Management 16e, Jacobs
  • Operations & Supply Chain Management 16e, Jacobs
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DREAMS
1-1
Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-
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Operations and Supply Chain Management 16th Edition By F. Robert Jacobsij ij ij ij ij ij ij ij ij ij




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Chapter 01 Test Bank Static ij ij ij ij




1. Efficiency means doing the right things to create the most value for the company.
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FALSE

Efficiency means doing something at the lowest possible cost.
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2. Effectiveness means doing the right things to create the most value for the company.
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TRUE

Effectiveness means doing the right things to create the most value for the company.
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AACSB: Analytical Thinking ij ij


Blooms:
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ulty: 1 Easy ij ij


Learning Objective: 01-04 Evaluate the efficiency of a
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firm.Topic: Efficiency, Effectiveness, and
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Value ij




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

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


Thedoctor performed the surgery without error. Because the patient died, no value was created.
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AACSB: Analytical Thinking ij ij

Blooms:
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Learning Objective: 01-04 Evaluate the efficiency of a
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firm.Topic: Efficiency, Effectiveness, and
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Value ij




4. A worker can be efficient without being effective.
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TRUE

Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value.These
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are different things.
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Learning Objective: 01-04 Evaluate the efficiency of a
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firm. Topic: Efficiency, Effectiveness, and ij ij ij ij ij


Value ij



1-2
Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-
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,5. A process can be effective without being efficient.
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TRUE

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


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Learning Objective: 01-04 Evaluate the efficiency of a
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firm. Topic: Efficiency, Effectiveness, and ij ij ij ij ij


Value ij




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

Operations and supply chain management is defined as the design, operation, and improvement of the systems that create and
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deliverthe firm's primary products and services.
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AACSB: Analytical Thinking ij ij


Blooms:
RememberDiffic ij ij


ulty: 1 Easy ij ij


Learning Objective: 01-01 Identify the elements of operations and supply chain management. (OSCM)
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Topic: What Is Operations and Supply Chain Management? ij ij ij ij ij ij ij




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

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




AACSB: Analytical Thinking ij ij


Blooms:
RememberDiffic ij ij


ulty: 1 Easy ij ij


Learning Objective: 01-04 Evaluate the efficiency of a
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firm.Topic: Efficiency, Effectiveness, andij ij ij ij ij


Value ij




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

Often maximizing effectiveness and efficiency at the same time creates conflict between the two goals.
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AACSB: Analytical Thinking ij ij


Blooms:
AnalyzeDifficult ij ij


y: 1 Easy ij ij


Learning Objective: 01-04 Evaluate the efficiency of a
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firm.Topic: Efficiency, Effectiveness, andij ij ij ij ij


Value ij




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

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

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


Blooms:
RememberDiffic ij ij


ulty: 1 Easy ij ij


Learning Objective: 01-03 Recognize the major concepts that define the operations and supply chain management field.
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Topic: Historical Development of Operations and Supply Chain Management ij ij ij ij ij ij ij ij




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

OSCM is concerned with the management of the entire system that produces a good or delivers a service.
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AACSB: Analytical Thinking ij ij


Blooms:
RememberDiffic ij ij


ulty: 1 Easy ij ij


Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
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Topic: What Is Operations and Supply Chain Management? ij ij ij ij ij ij ij




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

OSCM is a functional field of business with clear line management responsibilities.
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AACSB: Analytical Thinking ij ij


Blooms:
RememberDiffic ij ij


ulty: 1 Easy ij ij


Learning Objective: 01-02 Know the potential career opportunities in operations and supply chain management.
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Topic: What Is Operations and Supply Chain Management? ij ij ij ij ij ij ij




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

Think of the supply network as a pipeline through which material and information flow.
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AACSB: Analytical ij


ThinkingBlooms: ij ij


UnderstandDifficult ij ij


y: 1 Easy ij ij


Learning Objective: 01-01 Identify the elements of operations and supply chain management (OSCM).
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Topic: What Is Operations and Supply Chain Management? ij ij ij ij ij ij ij




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

Networks such as this can be constructed for any product or service.
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AACSB: Analytical ij


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

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