Exam (elaborations)
OPERATIONS AND PRODUCTION MANAGEMENT EXAM FULLY SOLVED #30.
- Module
- OPERATIONS MANAGEMENT
- Institution
- OPERATIONS MANAGEMENT
OPERATIONS AND PRODUCTION MANAGEMENT EXAM FULLY SOLVED #30.
[Show more]
Seller
Follow
Content preview
OPERATIONS AND PRODUCTION MANAGEMENT EXAMFULLY SOLVED #30
Which of the following is not true about systems approach?
A) A systems viewpoint is almost always beneficial in decision making.
B) A systems approach emphasizes interrelationships among subsystems.
C) A systems approach concentrates on efficiency within subsystems.
D) A systems approach is essential whenever something is being redesigned or
improved.
E) All of the above are true. - correct answer C.) A systems approach concentrates on
efficiency within subsystems.
In business, forecasts are the basis for:
A) capacity planning
B) budgeting
C) sales planning
D) production planning
E) all of the above - correct answer E.) All of the above
At the break-even point:
A) output equals capacity
B) total cost equals total revenue
C) total cost equals profit
D) variable cost equals fixed cost
E) variable cost equals total revenue - correct answer B.) Total cost equals total
revenue
Heuristic rules are usually applied when:
A) an optimum is necessary
B) a computer program isn't available
C) a problem has a small number of alternatives
D) a problem has a large number of alternatives
E) other approaches have failed - correct answer D.) A problem has a large number of
alternatives
The term 'standardization' is closely associated with:
A) customization
B) high cost
C) longer lead times
D) variety
E) interchangeability - correct answer E.) Interchangeability
Ergonomics is the use of computers and robots in the workplace.
A) True
B) False - correct answer B.) False
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 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 puritywanjihia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.50. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now