100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
OMGT Test 1 Questions with Correct Answers $15.49   Add to cart

Exam (elaborations)

OMGT Test 1 Questions with Correct Answers

 1 view  0 purchase
  • Course
  • OMGT
  • Institution
  • OMGT

OMGT Test 1 Questions with Correct Answers

Preview 2 out of 13  pages

  • October 27, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OMGT
  • OMGT
avatar-seller
lectknancy
OMGT Test 1 Questions with Correct
Answers
CHAPTER 1

Which of the following statements regarding the supply chain is TRUE? - Answer-D) A
first-tier supplier is downstream from a second-tier supplier.

Which of these statements about recent trends in operations and supply chain
management is BEST? - Answer-C) More companies are putting an emphasis on
relationship management.

An electric commerce system: - Answer-D) Can improve the speed and quality of
business communication.

The collection of people, technology, and systems within an organization that has
primary responsibility for providing the organization's products or services is called: -
Answer-B) The operations function.

The organization that provides national and institutional leadership in purchasing and
materials management is: - Answer-A) ISM.

Which of the following lists is in correct supply chain order? - Answer-D) First-tier
supplier -> Manufacturer -> Distributor.

Which of the following is NOT a flow typically found in a supply chain? - Answer-D)
Risk.

Which of the following is primarily a supply chain management decision? - Answer-B)
From whom to purchase materials.

_____ is an example of an output of the transformation process. - Answer-C) Satisfied
Customers.

Efforts to improve cooperation among firms in the supply chain can be characterized as:
- Answer-C) Relationship Management.

Which job title would most likely be responsible for supervising production in a
manufacturing setting? - Answer-B) Production Manager.

Jon was a mathematical wiz. He had a flair for developing spreadsheets, using statistics
and creating simulations to show the effects of changes in policy and infrastructure. His
skills equipped him well for his operations and supply chain position as: - Answer-B) An
Analyst.

, Which department is LEAST likely to interact with the purchasing function? - Answer-C)
Human Resources.

Which of the following statements about the operations function is NOT correct? -
Answer-C) The outputs of an operations function are always tangible.

Which of the following is NOT a trend in operations management? - Answer-D)
Decreased Customization.

Planning numbers needed for effective decision-making are typically developed by: -
Answer-A) Forecasting.

Most organizations cannot function as a part of a larger supply chain. - Answer-FALSE

The supply chain is a network of manufacturers and service providers that work
together to convert and move goods from the raw materials stage to the end user. -
Answer-TRUE

To participate in a supply chain, a firm doesn't need to actually handle the physical
goods at some point. - Answer-TRUE

Information and materials are two examples of inputs to the transformation process. -
Answer-TRUE

The transformation process can be used to describe the production of ONLY intangible
services. - Answer-FALSE

Inputs to the transformation process are intangible, but the outputs may be tangible or
intangible. - Answer-FALSE

In general, operations management activities are not information and decision intensive.
- Answer-FALSE

A second-tier supplier is upstream from a first-tier supplier in the supply chain. -
Answer-TRUE

Most of the participants in a supply chain cannot be both suppliers and customers. -
Answer-FALSE

Electronic commerce refers to the use of information technology solutions to automate
business transactions. - Answer-TRUE

The drive for efficiency has decreased the level of globalization in the world economy
over the last 20 years. - Answer-FALSE

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.49
  • (0)
  Add to cart