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BUS3020 PRODUCTION AND OPERATION MANAGEMENT EXAM PREP QUESTIONS STUDY GUIDE WITH 100% COMPLETE AND DETAILED SOLUTIONS AND EXPLANATIONS; GUARANTEED TO PASS 100%R192,67
BUS3020 PRODUCTION AND OPERATION MANAGEMENT EXAM PREP QUESTIONS STUDY GUIDE WITH 100% COMPLETE AND DETAILED SOLUTIONS AND EXPLANATIONS; GUARANTEED TO PASS 100%
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BUS3020
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BUS3020
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Production and Operations Management
This exam gives a comprehensive revision summary for scholar to achieve great heights in PRODUCTION AND OPERATION MANAGEMENT courses
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BUS3020 PRODUCTION AND
OPERATION MANAGEMENT EXAM
PREP QUESTIONS STUDY GUIDE
____________ are the characteristics of a product that qualify it to be considered for
purchase by a customer. - Order qualifiers
____________ represents what the firm is in the business of doing - primary tasks
_____________ is how the mission of a firm is accomplished. - strategy
_____________ is the characteristic of a product that wins the order in the marketplace.
- Order winner
_____________ is what the firm does better than anyone else. - core competency
______________ focus(es) the organization on common goals that can be translated
into measurable objectives. - Deploying the strategy
______________ is a lot sizing technique that orders for multiple demand periods is
referred to as - Periodic order quantity (POQ)
___________________ is a software that organizes and manages a firms business
processes by sharing information across functional areas. - Enterprise requirements
planning (ERP)
____________________ software manages the design interaction between suppliers
and customers. - product lifecycle management
_______________________ software plans and executes business processes involving
customer interaction. - Customer relationship management
________________________ software plans and executes business processes
involving supplier interaction. - supply chain management
________________is what the firm does better than anyone else. - Core competency
, A company is considering producing a product for a new market. The fixed cost required
for manufacturing and delivering the product is $50,000. Labor and material costs are
estimated to be approximately $25 per product. If the product is sold for $35.00 each,
the firm's breakeven volume would be - 5,000 units
A company is considering producing an item that can be sold for $37.50 per unit. If the
fixed costs for setting up production are $225,000 and the variable cost per unit for the
item is $35 then the breakeven volume for this item is - 90,000 units
A high-level process map, useful in the beginning the redesign of a process, contain(s) -
essential building blocks of the main activities
A major challenge and opportunity for many firms is the globalization of the supply
chain. - true
A phantom bill of material is used - for subassemblies that are immediately consumed in
the next stage of production.
A process is a group of unrelated tasks with specific inputs and outputs - false
A retail operation is an example of an exchange transformation process. - true
A value chain is a series of activities from supplier to customer that adds value to a
product or service. - true
A warehouse operation is an example of a physical transformation process. - false
A(n) ____________ strategy involves a series of integrated decisions on processes,
facilities, technology, quality, capacity, etc. - operations
All of the following are inputs into the MRP process except - the planned order report.
All of the following are responsibilities of operations managers except - acquiring
financial resources
All of the following are transformation processes discussed in the text except - spiritual
All the following are basic tools of process analysis except - spreadsheets
All the following are factors influencing the outsourcing decision except - product variety
An enterprise resource planning (ERP) system shares information across functional
areas. - true
An operations manager benefits from an integrated view of business organizations. -
true
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