OMIS 430 TEST 1 - WAIKER SELU
Operations - correct answer ✔specific part of the organization that produces
goods or services using a set of activities (system)
Operations Management - correct answer ✔management of systems that
create goods or provide services
Three Main functions in business organizations - correct answer ✔1.
operations
2.finance
3. marketing
operations - correct answer ✔creation of goods/services
finance - correct answer ✔providing funds for operations/marketing
marketing - correct answer ✔promoting and/or selling goods and series
operations can be described as a process of transformations of - correct
answer ✔inputs into outputs
the conversion ____ during this transformation - correct answer ✔adds value
_____ and ____ are important aspects of conversion for assuring ____ and
_____ - correct answer ✔feedback and control, effectiveness and efficiency
, Operations is part of the - correct answer ✔supply chain
different types of inputs - correct answer ✔humans/labor(operators,
supervisors, clerks)
raw materials
sub assemblies
capital
technology (robots, machines)
information (time standards, process charts)
time
transformations/conversion - correct answer ✔processes
equipment
facilities/buildings
outputs - correct answer ✔goods of different types or services of different
types
interfaces - correct answer ✔interaction of operations function with other
functions in organizations
operations and marketing interaction is seen in - correct answer ✔product
and process design
forecasting
scheduling - realistic schedules
quality - level decisions - how much? how?
quantity decisions - EOQ
Operations - correct answer ✔specific part of the organization that produces
goods or services using a set of activities (system)
Operations Management - correct answer ✔management of systems that
create goods or provide services
Three Main functions in business organizations - correct answer ✔1.
operations
2.finance
3. marketing
operations - correct answer ✔creation of goods/services
finance - correct answer ✔providing funds for operations/marketing
marketing - correct answer ✔promoting and/or selling goods and series
operations can be described as a process of transformations of - correct
answer ✔inputs into outputs
the conversion ____ during this transformation - correct answer ✔adds value
_____ and ____ are important aspects of conversion for assuring ____ and
_____ - correct answer ✔feedback and control, effectiveness and efficiency
, Operations is part of the - correct answer ✔supply chain
different types of inputs - correct answer ✔humans/labor(operators,
supervisors, clerks)
raw materials
sub assemblies
capital
technology (robots, machines)
information (time standards, process charts)
time
transformations/conversion - correct answer ✔processes
equipment
facilities/buildings
outputs - correct answer ✔goods of different types or services of different
types
interfaces - correct answer ✔interaction of operations function with other
functions in organizations
operations and marketing interaction is seen in - correct answer ✔product
and process design
forecasting
scheduling - realistic schedules
quality - level decisions - how much? how?
quantity decisions - EOQ
