Question 1

An order winner is a set of criteria that differentiates the products or services of one firm from another.

Accepted Answer

A) True 
 B)False

Question 2

Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May.During both months,the shop employed six full-time (40 hours/week)workers.In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week.What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?

Accepted Answer

A)  -20.00% 
B)  -15.82% 
C)  8.95% 
D)  2.3% 
E)  -25.00% 
A)  -20.00% 
B)  -15.82% 
C)  8.95% 
D)  2.3% 
E)  -25.00%

Question 3

Various financial data for SunPath Manufacturing for 2012 & 2013 follow. $\begin{array}{c}
\begin{array}{ll}
\
\text { Output: } & \text { Sales } \
\text { Inputs: } & \text { Labor } \
& \text { Raw Materials: } \
& \text { Energy: } \
& \text { Capital Employed: } \
& \text { Other: }
\end{array}
\begin{array}{rr}
\underline{2012} & \underline{2013} \
\$ 300,000 & \$ 330,000 \
\$ 40,000 & \$ 43,000 \
\$ 45,000 & \$ 51,000 \
\$ 10,000 & \$ 9,000 \
\$ 250,000 & \$ 262,000 \
\$ 2,000 & \$ 6,000
\end{array}
\end{array}$
What is the percentage change in SunPath's total productivity measure between 2012 & 2013?

Accepted Answer

A)  -9.22 
B)  2.33 
C)  -0.53 
D)  2.88 
E)  10.39 
A)  -9.22 
B)  2.33 
C)  -0.53 
D)  2.88 
E)  10.39

Question 4

Activity-system maps depict the geographic reach of a company's business strategies.

Accepted Answer

A) True 
 B)False

Question 5

In development of an operations and supply chain strategy,which of the following may be an important product-specific criteria to consider?

Accepted Answer

A)  Focus 
B)  Production lot-size 
C)  Supplier after-sale support 
D)  Learning curve 
E)  Total quality management 
A)  Focus 
B)  Production lot-size 
C)  Supplier after-sale support 
D)  Learning curve 
E)  Total quality management

Question 6

People who provide capital to the firm through stock purchases are called: _____________________

Accepted Answer

Shareholders
Explanation: Shar

Question 7

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours.Using the appropriate productivity measure,which of the following numbers represents the resulting productivity ratio?

Accepted Answer

A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of the above 
A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of the above

Question 8

An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

Accepted Answer

A) True 
 B)False

Question 9

Individuals or organizations that are influenced,either directly or indirectly,by the actions of the firm are called: _____________________

Accepted Answer

Stakeholders
Explanation: Stak

Question 10

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours.Using the appropriate productivity measure,what is the resulting productivity ratio?

Accepted Answer

A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of the above 
A)  1.000 
B)  1.428 
C)  0.700 
D)  0.411 
E)  None of the above

Question 11

Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position?

Accepted Answer

A)  Cost or price 
B)  Delivery speed 
C)  Delivery reliability 
D)  Management acumen 
E)  Coping with changes in demand 
A)  Cost or price 
B)  Delivery speed 
C)  Delivery reliability 
D)  Management acumen 
E)  Coping with changes in demand

Question 12

The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features,services,and technologies into its current portfolio it is called straddling.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is a total measure of productivity?

Accepted Answer

A)  Output/Materials 
B)  Output/(Labor + Capital + Energy) 
C)  Output/Labor 
D)  Output/Inputs 
E)  All of the above 
A)  Output/Materials 
B)  Output/(Labor + Capital + Energy) 
C)  Output/Labor 
D)  Output/Inputs 
E)  All of the above

Question 14

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours,what kind of productivity measure could you use to compute productivity?

Accepted Answer

A)  Partial measure 
B)  Multifactor measure 
C)  Total measure 
D)  Global measure 
E)  All of the above 
A)  Partial measure 
B)  Multifactor measure 
C)  Total measure 
D)  Global measure 
E)  All of the above

An order winner is a set of criteria that differentiates the products or services of one firm from another.

Activity-system maps depict the geographic reach of a company's business strategies.

In development of an operations and supply chain strategy,which of the following may be an important product-specific criteria to consider?

People who provide capital to the firm through stock purchases are called: _____________________

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours.Using the appropriate productivity measure,which of the following numbers represents the resulting productivity ratio?

An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

Individuals or organizations that are influenced,either directly or indirectly,by the actions of the firm are called: _____________________

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours.Using the appropriate productivity measure,what is the resulting productivity ratio?

Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position?

The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features,services,and technologies into its current portfolio it is called straddling.

Which of the following is a total measure of productivity?

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours,what kind of productivity measure could you use to compute productivity?

Operations and Supply Chain Management

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters

Exam 2: Strategy and Sustainability

An order winner is a set of criteria that differentiates the products or services of one firm from another.

Activity-system maps depict the geographic reach of a company's business strategies.

In development of an operations and supply chain strategy,which of the following may be an important product-specific criteria to consider?

People who provide capital to the firm through stock purchases are called: _____________________

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours.Using the appropriate productivity measure,which of the following numbers represents the resulting productivity ratio?

An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

Individuals or organizations that are influenced,either directly or indirectly,by the actions of the firm are called: _____________________

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours.Using the appropriate productivity measure,what is the resulting productivity ratio?

Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position?

The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features,services,and technologies into its current portfolio it is called straddling.

Which of the following is a total measure of productivity?

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours,what kind of productivity measure could you use to compute productivity?

Operations and Supply Chain Management

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters