Mgmt 314 test Study guides, Class notes & Summaries
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MGMT 314 Test Questions with Right Answers, A+
- Exam (elaborations) • 18 pages • 2024
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A supply chain is defined as the group of firms that provide all processes required to make a finished product available to the customer 
 
True/False - True 
 
MRP stands for Materials Requirement Planning 
 
True/False - False 
 
Materials resource planning 
 
Information flows in both direction in supply chain 
 
True/False - True 
 
ECR stands for efficient consumer response 
 
True/Fals - True 
 
SCM suppliers should be viewed as "partners" 
 
True/False - True 
 
When a ...
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MGMT 314 Test Questions with Correct Solutions Rated A+
- Exam (elaborations) • 13 pages • 2024
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Validity - Degree to which our measure assesses all 
relevant (and only relevant) aspects of 
performance 
Therefore, does our measure correlate 
with some outcome of interest, such as: 
 Manager ratings of job performance 
 Objective measures of job performance 
 Customer satisfaction ratings 
 Absenteeism 
 Theft 
 Accidents 
 
Validity Measures - A good level of validity for most selection 
measures is r = .20 or .30. 
 This seems low until you realize: 
That unreliability harms validit...
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