Chapter 1 Introduction to Operations and Supply Chain Management Exam
Questions with 100% Correct Answers | Verified | Updated (Actual Exam)
LATEST VERSION!!
TRUE - (ANSWER)Every organization has an operations function.
TRUE - (ANSWER)Most organizations function as part of a larger supply chain.
TRUE - (ANSWER)The supply chain is a network of manufacturers and service providers that work
together to convert and move goods from the raw materials stage to the end user.
FALSE - (ANSWER)To participate in a supply chain, a firm must actually handle the physical goods at
some point.
TRUE - (ANSWER)Information and materials are two examples of inputs to the transformation process.
TRUE - (ANSWER)The transformation process can be used to describe the production of intangible
services.
FALSE - (ANSWER)Inputs to the transformation process are tangible, but the outputs may be tangible or
intangible.
TRUE - (ANSWER)In general, operations management activities are information and decision intensive.
FALSE - (ANSWER)Of the three flows linking organizations in a supply chain, information and monetary
flows always move upstream and physical flows always move downstream.
FALSE - (ANSWER)A second-tier supplier is downstream from a first-tier supplier in the supply chain.
TRUE - (ANSWER)Most of the participants in a supply chain are both suppliers and customers.
, Chapter 1 Introduction to Operations and Supply Chain Management Exam
Questions with 100% Correct Answers | Verified | Updated (Actual Exam)
LATEST VERSION!!
TRUE - (ANSWER)Electronic commerce refers to the use of information technology solutions to
automate business transactions.
FALSE - (ANSWER)The drive for efficiency has decreased the level of globalization in the world economy
over the last twenty years.
FALSE - (ANSWER)E-commerce is the component of a supply chain that is the most susceptible to
breakdown.
FALSE - (ANSWER)To avoid supply chain problems, firms must manage relationships with their
downstream suppliers as well as their upstream customers.
FALSE - (ANSWER)The association for operations management is AOM.
TRUE - (ANSWER)The Purchasing function of a supply chain would count Engineering, Finance, and
Marketing among its key interfunctional participants.
FALSE - (ANSWER)The Logistics function of supply chain would include Marketing and Engineering as its
key interorganizational participants.
Answer: B) the operations funtion. - (ANSWER)The collection of people, technology, and systems within
an organization that has primary responsibility for providing the organization's products or services is
called:
A) the supply chain.
B) the operations function.
C) the evoked set.
D) relationship management.
Questions with 100% Correct Answers | Verified | Updated (Actual Exam)
LATEST VERSION!!
TRUE - (ANSWER)Every organization has an operations function.
TRUE - (ANSWER)Most organizations function as part of a larger supply chain.
TRUE - (ANSWER)The supply chain is a network of manufacturers and service providers that work
together to convert and move goods from the raw materials stage to the end user.
FALSE - (ANSWER)To participate in a supply chain, a firm must actually handle the physical goods at
some point.
TRUE - (ANSWER)Information and materials are two examples of inputs to the transformation process.
TRUE - (ANSWER)The transformation process can be used to describe the production of intangible
services.
FALSE - (ANSWER)Inputs to the transformation process are tangible, but the outputs may be tangible or
intangible.
TRUE - (ANSWER)In general, operations management activities are information and decision intensive.
FALSE - (ANSWER)Of the three flows linking organizations in a supply chain, information and monetary
flows always move upstream and physical flows always move downstream.
FALSE - (ANSWER)A second-tier supplier is downstream from a first-tier supplier in the supply chain.
TRUE - (ANSWER)Most of the participants in a supply chain are both suppliers and customers.
, Chapter 1 Introduction to Operations and Supply Chain Management Exam
Questions with 100% Correct Answers | Verified | Updated (Actual Exam)
LATEST VERSION!!
TRUE - (ANSWER)Electronic commerce refers to the use of information technology solutions to
automate business transactions.
FALSE - (ANSWER)The drive for efficiency has decreased the level of globalization in the world economy
over the last twenty years.
FALSE - (ANSWER)E-commerce is the component of a supply chain that is the most susceptible to
breakdown.
FALSE - (ANSWER)To avoid supply chain problems, firms must manage relationships with their
downstream suppliers as well as their upstream customers.
FALSE - (ANSWER)The association for operations management is AOM.
TRUE - (ANSWER)The Purchasing function of a supply chain would count Engineering, Finance, and
Marketing among its key interfunctional participants.
FALSE - (ANSWER)The Logistics function of supply chain would include Marketing and Engineering as its
key interorganizational participants.
Answer: B) the operations funtion. - (ANSWER)The collection of people, technology, and systems within
an organization that has primary responsibility for providing the organization's products or services is
called:
A) the supply chain.
B) the operations function.
C) the evoked set.
D) relationship management.
