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Exam 1
Thuật ngữ trong học phần này (27)

The set of activities that creates value in the form of goods and
Operations Management
services by transforming inputs into outputs

All organizations, including service firms True

such as banks and hospitals, have
production function

Operations management is the set of True

activities that creates value in the form of
goods and services by transforming
inputs into outputs

Operations management is applicable: To all firms, whether manufacturing or service

Which of the following are the primary Marketing, production/operations, and finance/accounting
functions of all organizations?

Which of the following would NOT be an Auditing

operations function in a commercial
bank?

The marketing function is concerned Generating the demand for the organization's products or services
with:

The purchasing function is concerned Producing materials, supplies, and equipment

with:

The finance function is concerned with: Securing monetary resources

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Which of the following tasks within an Crew scheduling

airline company are related to
operations?

Competition in the 21st century is no True

longer between companies; it is
between supply chains

An accounting firm that provides tax True

services for a company would be
considered to be part of that company's
supply chain

-A costly part of the enterprise

Reasons to study operations -How goods and services are produced

management include learning about: -How people organize themselves for productive enterprise

-What operations managers do

All of the following decisions fall within Creating the company income statement
the scope of operations management
EXCEPT for:

Even though a firm may have a low cost False

strategy, supply-chain strategy can
select suppliers primarily on response or
differentiation

The supply chain for a brewery would False

include raw ingredients such as hops
and barley but not the manufactured
goods such as bottles and cans

A firm that employs a response strategy False

should minimize inventory throughout
the supply chain

Supply chain decisions are not generally False

strategic in nature, because purchasing
is not a large expense for most firms

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Which of the following would NOT Landscaping Contractors

typically be considered as part of a
manufacturing firm's supply chain?

In most manufacturing industries, which Purchasing

of the following would likely represent
the largest cost to the firm?

The new model of a tight, fast, low- False

inventory supply chain, operating across
political and cultural boundaries, has
reduced the overall level of supply chain
risk

Consider a firm with an annual net 12.50

income of $20 million, revenue of $60
million and COGS for $25 million. If the
balance sheet amounts show $2 million
of inventory and $500,000 of property,
plant & equipment, what is the inventory
turnover?

Consider a firm with an annual net 4.16

income of $20 million, revenue of $60
million and COGS for $25 million. If the
balance sheet amounts show $2 million
of inventory and $500,000 of property,
plant & equipment, how many weeks of
supply does the firm hold?

A supply chain ends with A satisfied customer

The advantage of having few suppliers is Form a long-term relationship

to

The advantage of having many potential Offer lower prices in the short term
suppliers is their willingness to

Labor Cost Per Unit Labor Cost Per Day / Production(units per day)

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