Which is not true regarding differences between goods and services?
Goods tend to have higher customer interaction than services.
A foundry produces circular utility access hatches (manhole covers). If 120 covers are produced in a ten-hour shift, the productivity of the line is
Tiger Valves produces cast bronze valves on an assembly line and is currently producing 1,600 valves each eight-hour shift. If the productivity is increased by 10%, it would then be
The Bier Box plant produces 500 cypress packing boxes in two eight-hour shifts. The use of new technology has enabled them to increase productivity by 30%. Productivity is now approximately
Cost cutting in international operations can take place because of
all of the above.
Which of the following represents a reason for globalizing operations?
all of the above
According to the authors, which of the following strategic concepts allow firms to achieve their missions?
differentiation, cost leadership, and quick response
Which of these companies is most apt to have quality standards that are relatively subjective?
Which of the following is not an operations strategic decision?
Response-based competitive advantage can be gained through
all of the above.
Which of the international operations strategies involves high cost reductions and high local responsiveness?
Which of the following statements regarding critical paths is true?
On a specific project, there can be multiple critical paths, all with exactly the same duration.
A simple CPM network has three activities, A, B, and C. A is an immediate predecessor of B and of C. B is an immediate predecessor of C. The activity durations are A = 4, B = 3, C = 8.
The critical path is A-B-C, duration 15.
The critical path for the network activities shown below is ________ with duration ________.
(look on quiz3) #8
Which of these statements regarding time-cost tradeoffs in CPM networks is true?
Crashing shortens the project duration by assigning more resources to one or more of the critical tasks.
Which of the following statements regarding time-cost tradeoffs in CPM networks is false?
Crashing sometimes has the reverse result of lengthening the project duration.
Two activities are candidates for crashing on a CPM network. Activity details are in the table below. To cut one day from the project's duration, activity ________ should be crashed first, adding ________ to the project cost. (look at quiz 3) #15
are more accurate for product families than for individual items.
One use of short-range forecasts is to determine
What are the three major types of forecasts used by business organizations?
economic, technological, and demand
Which of the following statements about time series forecasting is true?
The analysis of past demand helps predict future demand.
What is the approximate forecast for May using a four-month moving average?
(QUIZ 4, #9)
A forecasting method has produced the following over the past five months. What is the mean absolute deviation? (QUIZ 4,#12)
The primary purpose of the mean absolute deviation (MAD) in forecasting is to
Measure forecast error
For a given product demand, the time series trend equation is 53 – 4x. The negative sign on the slope of the equation
is an indication that product demand is declining.
Want to see the other 25 Flashcards in Mangement 4010 Test 1?JOIN TODAY FOR FREE!