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MGT 325 quiz questions 1-3 (hw 1) CORRECTLY ANSWERED. $7.99   Add to cart

Exam (elaborations)

MGT 325 quiz questions 1-3 (hw 1) CORRECTLY ANSWERED.

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  • Course
  • MGT 325
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  • MGT 325

Production is the creation of goods only. correct answers False It becomes less expensive to store and transport goods, as they are more value-added by the processes in the supply chain. correct answers False Which of the following is not a characteristic of service operations? correct answer...

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  • August 6, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MGT 325
  • MGT 325
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MGT 325 quiz questions 1-3 (hw 1) CORRECTLY
ANSWERED.
Production is the creation of goods only. correct answers False

It becomes less expensive to store and transport goods, as they are more value-added by the
processes in the supply chain. correct answers False

Which of the following is not a characteristic of service operations? correct answers Easy
measurement of productivity

Which of the following is not a benefit of using models in decision making? correct answers
All models are useless

Which one of the following is false about supply chains? correct answers Customer is not a
part of supply chain

What are the basic functional areas of business operations? correct answers Finance,
Operations, Marketing

Simplicity is an important feature of models. Complicated models are preferred over simple
ones. correct answers False

Which of the following lists all major components of a supply chain correctly? correct
answers Raw Material-Suppliers-Producer-Distributor-Retailer-Customer

What are the commonly used measures of variation? correct answers Standard Deviation,
Variance and Range

Sustainability is using resources in ways that do not harm ecological systems that support
human existence correct answers True

productivity is the ratio of output to input correct answers true

competitiveness is how effectively an organization meets the wants and needs of customers
relative to others that offer totally different goods and services correct answers false

mission can be viewed as an organizational destination correct answers false

strategy is a road map for reaching the organizational destinations correct answers true

4 workers installed 720 square yards of carpeting in 8 hours. find labor productivity correct
answers 720/32= 22.5 yards/hour

a wrapping paper company produced 2,000 rolls of paper in one day. labor cost was $160,
material cost is $50, and overhead was $320. determine multi-factor productivity. correct
answers 3.77 rolls per dollar input

higher production implies higher productivity correct answers false

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