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omis 108 quiz 1 Questions with complete solution omis 108 quiz 1 operations - correct answer the part of a business organization that is responsible for producing goods and services operations management - correct answer management of systems or processes that create goods and/or provide...

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  • November 5, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • OMIS
  • OMIS

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omis 108 quiz 1
operations - correct answer ✔the part of a business organization that is
responsible for producing goods and services


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


goods - correct answer ✔physical items that include raw materials, parts and
final products
tangibles


services - correct answer ✔activities that provide some combination of time,
location, form or psychological value
actions


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


transformation process - correct answer ✔The process that converts
resources into finished goods and services with feedback at each step


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


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

, primary function of operations manager - correct answer ✔guide the system
by decision making


operations functions - correct answer ✔consists of all activities directly
related to producing goods or providing services


system design decisions - correct answer ✔strategic decisions that usually
require long-term commitment of resources and determine parameters of
system operation
ex: capacity, facility location, facility layout, product and service planning,
acquisition and placement of equipment


system operations decisions - correct answer ✔generally tactical and
operational decisions (internal activities)
most time of operations managers spent here
ex: management of personnel, inventory management and control,
scheduling, project management, quality assurance


model - correct answer ✔an abstraction of reality; a simplification of
something
key tool used by all decision makers
implication of real-life phenomena
omit unimportant details so can be focused on the most important aspects


benefits of models - correct answer ✔easier to use and less expensive
require users to organize and quantify info
increase understanding of the problem
managers can analyze "what if" questions

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