Exam 1: Operations and Supply Chain Management

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"Operations" refers to manufacturing and service processes used to transform resources employed by a firm into products desired by customers.

(True/False)
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Green and black belt programs teach six-sigma quality tools to managers at many corporations.

(True/False)
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Managing customer touch points becomes a concern under current issues in OCSM when

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A supply chain manager is an OSCM job while a purchasing manager is not.

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Business process reengineering, which seeks revolutionary change, is contrasted with total quality management which commonly advocates incremental change.

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The Goods-Services Continuum consists of which set of the following categories?

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Automobiles and appliances are classified as "pure goods."

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The term "value" refers to the relationship between quality and the price paid by the consumer.

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Current issues in OSCM do not include:

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Which of the following are not listed in the text as jobs in OSCM?

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All other things remaining the same, if the revenue or sales decreases, asset turnover ratio will

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Which of the following is not a characteristic that distinguishes services from goods?

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A worker can be efficient without being effective.

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The "triple bottom line" relates to the economic, employee, and environmental impact of a firm's strategy.

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Services are defined and evaluated as a package of features that affect the five senses.

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In contrast to careers in finance and marketing, careers in OSCM involve hands-on involvement with people and processes.

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When considering the concept of value, how is quality defined?

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OSCM is a functional field of business with clear line management responsibilities.

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Use of systems like point-of-sale, radio-frequency identification tags, bar-code scanners, and automatic recognition has made it more difficult to understand what all the information is saying.

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Investors pay close attention to efficiency and productivity measures like net income per employee because they are interested in how well the firm manages its workforce relations.

(True/False)
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