Filters
Question type

Study Flashcards

Operations and sales are the two ________ functions in businesses.


A) strategic
B) tactical
C) support
D) value-adding
E) line

F) C) and E)
G) None of the above

Correct Answer

verifed

verified

Which of the following is not true about the systems approach?


A) A systems viewpoint is almost always beneficial in decision making.
B) A systems approach emphasizes interrelationships among subsystems.
C) A systems approach concentrates on efficiency within subsystems.
D) A systems approach is essential whenever something is being redesigned or improved.
E) All of the choices are true.

F) A) and B)
G) A) and C)

Correct Answer

verifed

verified

Which of the following does not relate to system design?


A) altering the system capacity
B) location of facilities
C) inventory management
D) selection and acquisition of equipment
E) physical arrangement of departments

F) B) and C)
G) B) and E)

Correct Answer

verifed

verified

Managers should most often rely on quantitative techniques for important decisions since quantitative approaches result in more accurate decisions.

A) True
B) False

Correct Answer

verifed

verified

Operations and sales are the two functional areas that exist to support activities in other functions such as accounting, finance, IT, and human resources.

A) True
B) False

Correct Answer

verifed

verified

Buying goods or services instead of producing or providing them in-house is called


A) downsizing.
B) outsourcing.
C) internationalization.
D) vertical integration.
E) entrepreneurship.

F) B) and D)
G) A) and C)

Correct Answer

verifed

verified

Elton Mayo's Hawthorne experiments were significant contributions to the human relations movement, which emphasized the importance of the human element in job design.

A) True
B) False

Correct Answer

verifed

verified

Which of the following is a common complaint that employers have when hiring recent college graduates?


A) lack of general knowledge of how businesses operate
B) not understanding the functions of accounting, finance, and marketing
C) lack of knowledge about global dependencies of companies
D) not understanding the importance of customer service
E) lack of knowledge of economic analysis and forecasting

F) A) and E)
G) B) and E)

Correct Answer

verifed

verified

The word "technology" is used only to refer to "information technology."

A) True
B) False

Correct Answer

verifed

verified

The process of comparing outputs to previously established standards to determine if corrective action is needed is called


A) planning.
B) directing.
C) controlling.
D) budgeting.
E) disciplining.

F) A) and D)
G) A) and B)

Correct Answer

verifed

verified

In for-profit organizations, the value of outputs is measured by the prices customers are willing to pay for goods or services.

A) True
B) False

Correct Answer

verifed

verified

Which of the following is essential to consider with respect to managing a process to meet demand?


A) advertising
B) trends in fashion
C) global economic trends
D) financial reporting standards
E) capacity

F) B) and C)
G) A) and E)

Correct Answer

verifed

verified

The Pareto phenomenon is one of the most important and pervasive concepts that can be applied at all levels of management.

A) True
B) False

Correct Answer

verifed

verified

Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services.

A) True
B) False

Correct Answer

verifed

verified

Assembly lines improved productivity by using interchangeable parts and craft production.

A) True
B) False

Correct Answer

verifed

verified

If one organization is better able than most to respond to changes in demands or opportunities, we say that organization exhibits higher


A) sustainability.
B) efficiency.
C) productivity.
D) agility.
E) marketability.

F) B) and D)
G) None of the above

Correct Answer

verifed

verified

Specialized machinery or equipment is a common way of offering increased customization in manufacturing or services without taking on additional labor costs.

A) True
B) False

Correct Answer

verifed

verified

Some companies attempt to maximize the revenue they receive from fixed operating capacity by influencing demands through price manipulation. This is an example of


A) illegal price discrimination.
B) collusion.
C) volume analysis.
D) revenue management.
E) outsourcing.

F) C) and E)
G) B) and D)

Correct Answer

verifed

verified

Showing 61 - 78 of 78

Related Exams

Show Answer