Question 1

Compare and contrast the production of goods and services.

Accepted Answer

Perishability-Services are consumed at t

Question 2

A bank is building a new branch in a small suburb,and one of the decisions it must make is how many teller windows it needs to serve its customers effectively and cost efficiently on an average day.This is an example of ________.

Accepted Answer

A)  production scheduling 
B)  capacity planning 
C)  site selection 
D)  critical path analysis 
E)  systemic risk reduction 
A)  production scheduling 
B)  capacity planning 
C)  site selection 
D)  critical path analysis 
E)  systemic risk reduction

Question 3

What is production and operations management?

Accepted Answer

The term production and operations manag

Question 4

Outsourcing and offshoring are synonymous terms.

Accepted Answer

A) True 
 B)False

Question 5

Explain the significance of procurement in a business.

Accepted Answer

Procurement is the acquisition of the ra

Question 6

The period of time between placing an order for supplies and receiving the material is called ________.

Accepted Answer

A)  process forecast 
B)  run time 
C)  lead time 
D)  lag time 
E)  procurement delay 
A)  process forecast 
B)  run time 
C)  lead time 
D)  lag time 
E)  procurement delay

Question 7

ISO 9000 is a methodology used for customized production and avoids the use of standards.

Accepted Answer

A) True 
 B)False

Question 8

Scalability is the potential to increase production by expanding or replicating its initial production capacity.

Accepted Answer

A) True 
 B)False

Question 9

________ is the potential to increase production by expanding or replicating its initial production capacity.

Accepted Answer

A)  Perishability 
B)  separability 
C)  Serviceability 
D)  Scalability 
E)  Capacity 
A)  Perishability 
B)  separability 
C)  Serviceability 
D)  Scalability 
E)  Capacity

Question 10

Compare and contrast quality control and quality assurance.

Accepted Answer

Quality control means,"catching the bad

Question 11

In batch-of-one production,the producer creates a unique good or service for each customer.

Accepted Answer

A) True 
 B)False

Question 12

Polar Refrigerator Company reduces its inventory carrying costs by having their vendors deliver materials right before they are needed in the production process.This is an example of ________ inventory management.

Accepted Answer

A)  discounted 
B)  PERT 
C)  JIT 
D)  buffered 
E)  economic order based 
A)  discounted 
B)  PERT 
C)  JIT 
D)  buffered 
E)  economic order based

Question 13

Choose a company of your choice and clearly depict the company's value chain.Mention the actual transformation process in the value chain that you have created.

Accepted Answer

A sample value chain of a restaurant is

Question 14

Jass Glass Studio has been hired to make a church window.A church hires the company to make ten windows based on a design provided by the Church.This is an example of ________.

Accepted Answer

A)  mass production 
B)  batch production 
C)  customized production 
D)  mass customization 
E)  standard production 
A)  mass production 
B)  batch production 
C)  customized production 
D)  mass customization 
E)  standard production

Question 15

Buxus Auto is a U.S.manufacturer of automobiles.The company used to procure car accessories from a firm based in China.The quality of the parts the firm was receiving from China was below par and the firm decides to stop the purchase from China and procure the accessories from a U.S.based firm.This is an example of ________.

Accepted Answer

A)  offshoring 
B)  outsourcing 
C)  leveraging 
D)  reshoring 
E)  external valuation 
A)  offshoring 
B)  outsourcing 
C)  leveraging 
D)  reshoring 
E)  external valuation

Question 16

Kaizen refers to ________.

Accepted Answer

A)  customization of production processes 
B)  continuous quality improvements 
C)  intensification of quality control 
D)  use of statistical process control 
E)  standardization of production processes 
A)  customization of production processes 
B)  continuous quality improvements 
C)  intensification of quality control 
D)  use of statistical process control 
E)  standardization of production processes

Question 17

________ refers to overseeing all the activities involved in producing goods and services.

Accepted Answer

A)  Facilities management 
B)  Capacity planning 
C)  Procurement 
D)  Logistics 
E)  Operations management 
A)  Facilities management 
B)  Capacity planning 
C)  Procurement 
D)  Logistics 
E)  Operations management

Question 18

Explain the various ways in which supply chain management (SCM)can have a profound strategic impact on companies and the broader economy.

Accepted Answer

Managing risks: SCM can help companies m

Question 19

Production forecasts estimate future demand for a company's products or services.

Accepted Answer

A) True 
 B)False

Question 20

Complexities and rising costs of long-distance manufacturing are encouraging some U.S.companies to pursue a near-shoring strategy,as they move their production back to the USA.

Accepted Answer

A) True 
 B)False

Compare and contrast the production of goods and services.

A bank is building a new branch in a small suburb,and one of the decisions it must make is how many teller windows it needs to serve its customers effectively and cost efficiently on an average day.This is an example of ________.

What is production and operations management?

Outsourcing and offshoring are synonymous terms.

Explain the significance of procurement in a business.

The period of time between placing an order for supplies and receiving the material is called ________.

ISO 9000 is a methodology used for customized production and avoids the use of standards.

Scalability is the potential to increase production by expanding or replicating its initial production capacity.

________ is the potential to increase production by expanding or replicating its initial production capacity.

Compare and contrast quality control and quality assurance.

In batch-of-one production,the producer creates a unique good or service for each customer.

Polar Refrigerator Company reduces its inventory carrying costs by having their vendors deliver materials right before they are needed in the production process.This is an example of ________ inventory management.

Choose a company of your choice and clearly depict the company's value chain.Mention the actual transformation process in the value chain that you have created.

Jass Glass Studio has been hired to make a church window.A church hires the company to make ten windows based on a design provided by the Church.This is an example of ________.

Kaizen refers to ________.

________ refers to overseeing all the activities involved in producing goods and services.

Explain the various ways in which supply chain management (SCM)can have a profound strategic impact on companies and the broader economy.

Production forecasts estimate future demand for a company's products or services.

Complexities and rising costs of long-distance manufacturing are encouraging some U.S.companies to pursue a near-shoring strategy,as they move their production back to the USA.

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters

Exam 9: Production Systems

Compare and contrast the production of goods and services.

A bank is building a new branch in a small suburb,and one of the decisions it must make is how many teller windows it needs to serve its customers effectively and cost efficiently on an average day.This is an example of ________.

What is production and operations management?

Outsourcing and offshoring are synonymous terms.

Explain the significance of procurement in a business.

The period of time between placing an order for supplies and receiving the material is called ________.

ISO 9000 is a methodology used for customized production and avoids the use of standards.

Scalability is the potential to increase production by expanding or replicating its initial production capacity.

________ is the potential to increase production by expanding or replicating its initial production capacity.

Compare and contrast quality control and quality assurance.

In batch-of-one production,the producer creates a unique good or service for each customer.

Polar Refrigerator Company reduces its inventory carrying costs by having their vendors deliver materials right before they are needed in the production process.This is an example of ________ inventory management.

Choose a company of your choice and clearly depict the company's value chain.Mention the actual transformation process in the value chain that you have created.

Jass Glass Studio has been hired to make a church window.A church hires the company to make ten windows based on a design provided by the Church.This is an example of ________.

Kaizen refers to ________.

________ refers to overseeing all the activities involved in producing goods and services.

Explain the various ways in which supply chain management (SCM)can have a profound strategic impact on companies and the broader economy.

Production forecasts estimate future demand for a company's products or services.

Complexities and rising costs of long-distance manufacturing are encouraging some U.S.companies to pursue a near-shoring strategy,as they move their production back to the USA.

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters