Exam 9: Production and Operations Management
Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment315 Questions
Exam 2: Understanding Economics and How It Affects Business305 Questions
Exam 3: Doing Business in Global Markets346 Questions
Exam 4: Demanding Ethical and Socially Responsible Behavior257 Questions
Exam 5: How to Form a Business342 Questions
Exam 6: Entrepreneurship and Starting a Small Business302 Questions
Exam 7: Management and Leadership281 Questions
Exam 8: Structuring Organizations for Todays Challenges364 Questions
Exam 9: Production and Operations Management321 Questions
Exam 10: Motivating Employees357 Questions
Exam 11: Human Resource Management: Finding and Keeping the Best Employees423 Questions
Exam 12: Dealing With Employeemanagement Issues297 Questions
Exam 13: Marketing: Helping Buyers Buy250 Questions
Exam 14: Developing and Pricing Goods and Services356 Questions
Exam 15: Distributing Products314 Questions
Exam 16: Using Effective Promotions262 Questions
Exam 17: Understanding Accounting and Financial Information362 Questions
Exam 18: Financial Management297 Questions
Exam 19: Using Securities Markets for Financing and Investing Opportunities397 Questions
Exam 20: Money, Financial Institutions, and the Federal Reserve306 Questions
Exam 21: Working Within the Legal Environment242 Questions
Exam 22: Using Technology to Manage Information192 Questions
Exam 23: Managing Risk128 Questions
Exam 24: Managing Personal Finances255 Questions
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American manufacturers have emphasized continuous improvement as one strategy for regaining a competitive advantage in the manufacturing sector.
(True/False)
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The Baldrige standards measure a firm's quality in several key areas including planning, leadership, and customer and market focus.
(True/False)
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With the ________ inventory control system, producers hold only the amount of materials and parts that they need for a short period of time, sometimes just a few hours.
(Multiple Choice)
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Many state and local governments offer tax incentives and government services to attract businesses.
(True/False)
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The operations planning practice of using sales forecasts created by a computer to accurately predict the amount and timing of materials needed to complete products and projects is
(Multiple Choice)
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Tina's Tiny Treats bakes an assortment of cookies and candies for corporate accounts and restaurants. On a good day, Tina's receives orders for from 600 to 800 custom cookies, with a variety of uniqueness, although the company is famous for delicate shortbread and butter cookies. Some cookies have round shapes, but others are elongated rectangles, and yet others are triangles. The bakers can quickly change the cookie cutting machine to reflect the orders for the day, while computers program the ovens bake each cookie to perfection. Refrigeration is also computer controlled. Tina's Tiny Treats embraces flexible manufacturing and mass customization.
(True/False)
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In the process of operations management, a firm transforms resources such as raw materials, supplies, and even human resources into goods and services.
(True/False)
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The purpose of computer-integrated manufacturing (CIM) is to unite computer-aided design with computer-aided manufacturing.
(True/False)
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The use of ________ has increased productivity along the assembly line and within service-based businesses while simultaneously causing a reduction in jobs for people.
(Multiple Choice)
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To make its dry ice, Polar Caps Ice Company compresses carbon dioxide and cools it to an extremely low temperature. Polar Caps Ice Caps' method is an example of process manufacturing.
(True/False)
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Marie is an operations manager at a local housekeeping service. She is recommending that her firm make better use of the Internet so its services are more readily available to its customers. Marie's recommendation reflects a growing trend in service-sector firms.
(True/False)
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Review the PERT Network below: If it takes 1, 2, or 3 weeks for each activity (represented by a box) to be completed, the critical path is represented by: 
(Multiple Choice)
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ISO is a worldwide, nongovernmental federation that sets global measures of quality.
(True/False)
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Operations management moves from knowing the needs of consumers to actually satisfying those needs.
(True/False)
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A major purpose of the program evaluation and review technique (PERT) is to identify the minimum time needed to complete a project.
(True/False)
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PERT is a popular control method used by organizations. Explain the purpose of PERT analysis, and describe the steps involved in constructing a PERT network. Your explanation should include a discussion of the significance of the critical path in a PERT network.
(Essay)
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Only firms in the manufacturing sector can create true form utility.
(True/False)
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In the past, production management was about using the factors of production to create finished goods.
(True/False)
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