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OSCM 373 - Chapter 1 questions with 100% correct answers
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OSCM 373 - Chapter 1 questions with 100% correct answers
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OSCM 373 - Chapter 1Which of the following is the definition of the operations function?
A. The creation of goods and/or services through the transformation of inputs and outputs
B. The analysis of the processes involved in transforming inputs into outputs
C. The process of storing the raw material needed for any operation - correct answer ✔✔A. The creation
of goods and/or services through the transformation of inputs and outputs
Value-added is the term used to describe the difference between the ________ of inputs and the value
or price of outputs.
A. amount
B. cost
C. time
D. None of the above - correct answer ✔✔B. cost
Which of the following statements is true about production of goods?
A. "Goods" must be positive items
B. It cannot involve a service in conjunction with the good
C. Production of goods takes place in a factory
D. It results in a tangible output - correct answer ✔✔
Services provide customers with intangible value while goods result in a tangible output. (T/F) - correct
answer ✔✔True
Which of the following characteristics tends to be higher in production of goods.
, A. Customer contact
B. Opportunity to correct problems
C. Inventory
D. Uniformity of inputs
E. Labor content - correct answer ✔✔B. Opportunity to correct problems
C. Inventory
D. Uniformity of inputs
Which of the following are inputs involved in operations functions?
A. Information
B. Land
C. Goods
D. Capital - correct answer ✔✔A. Information, B. Land, D. Capital
Most systems involve a blend if goods and services. (T/F) - correct answer ✔✔True
Which of the following is/are functions or components of a supply chain?
A. Inventory management
B. Forecasting
C. Delivery
D. Production
E. Purchasing
F. Scheduling
G. Marketing - correct answer ✔✔All but G. Marketing
A physician's examination, TV and auto repair, lawn care, and the projection of a film in a theater are
examples of:
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