The McGraw-Hill 36-Hour Course: Operations Management
This document concentrates on chapters 1 and 11 of the operations management textbook we used in the 2019/2020 academic year in the operations management course.
Quiz 1
Q 1: “Super Pumps” imports industrial pumps to its office located in New Jersey, NY State. A
new pump manufacturer has been sourced in Portland, Oregon. Super Pump can purchase
directly from manufacturer, & transport to NY State by either truck/ship. If item is shipped by
truck, it’ll take 14 days at $3/unit. The co expects to purchase 2000 units/yr at $800/pump. In-
transit carrying cost of inv is estimated to be 20%/yr. Operations stated that they’d need to keep
safety stock of 80 units on hand if shipped by truck & 190 units if shipped by cargo. Which mode
of transp’n should the purchasing ee select & y?
Q 2: Value added refers to:
A. The cost of inputs.
B. The price of outputs.
C. The ≠ between cost of inputs & the value/price of outputs. ✔
D. The xtra profit obtained from ↑ed productivity.
E. The ratio of outputs compared to inputs.
Q 3: Operations mgmt encompasses all of the following EXCEPT:
A. Buying materials.
B. Capacity planning.
C. Scheduling.
D. Motivating ees & training.
E. Preparing fncial statements. ✔
Q 4: Measurements taken at various points in the transf’n process 4 control purposes r called:
A. Plans.
B. Directions.
C. Controls.
D. Feedback. ✔
E. Proposals.
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