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omis 430 exam 1 COPE Question and answers 100% correct omis 430 exam 1 COPE operations - correct answer the part of a business organization that is responsible for producing goods and services operations management - correct answer management systems or processes that create goods and s...

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  • November 6, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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omis 430 exam 1 COPE
operations - correct answer ✔the part of a business organization that is
responsible for producing goods and services


operations management - correct answer ✔management systems or
processes that create goods and services


supply chain - correct answer ✔a sequence of activities and organizations
involved in producing and delivering a good or service


feedback - correct answer ✔measurements taken at various points in the
transformation process


control - correct answer ✔the comparison of feedback against previously
established standards to determine if corrective action is needed


inputs - correct answer ✔land, labor, capital, information


basic functions of the business organization - correct answer ✔marketing,
operations, finance


finance operations - correct answer ✔budgeting, economic analysis of
investment proposals, provision of funds


marketing operations - correct answer ✔demand data, product and service
design, competitor analysis, lead time data

, process - correct answer ✔one or more actions that transform inputs into
outputs


upper management processes - correct answer ✔these govern the operation
of the entire organization


operational processes - correct answer ✔these are core processes that
make up the value stream


supporting processes - correct answer ✔these support the core processes


supply > demand - correct answer ✔wasteful and costly


supply < demand - correct answer ✔lost opportunity


supply = demand - correct answer ✔ideal


system design - correct answer ✔Capacity
Facility location
Facility layout
Product and service planning
Acquisition and placement of equipment


system operation - correct answer ✔involves management of personnel,
inventory planning and control, scheduling, project management, and quality
assurance


quantitative approaches - correct answer ✔Linear programming.

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