TEST BANK - Jacobs and Chase, Operations and Supply Chain Management 16th Edition, Chapters 1 - 22, Complete Newest Version

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Copyright jy©2021 jyMcGraw-Hill jyEducation. jyAll jyrights jyreserved. jyNo jyreproduction jyor jydistribution jywithout jythe jyprior jywritten jyconsent jyof
jyMcGraw-Hill jyEducation.

,Chapter jy1-22


Chapter 01 Test Bank Static
jy jy jy jy




1. Efficiency jymeans jydoing jythe jyright jythings jyto jycreate jythe jymost jyvalue jyfor jythe jycompany.

FALSE

Efficiency jymeans jydoing jysomething jyat jythe jylowest jypossible jycost.

2. Effectiveness jymeans jydoing jythe jyright jythings jyto jycreate jythe jymost jyvalue jyfor jythe jycompany.

TRUE

Effectiveness jymeans jydoing jythe jyright jythings jyto jycreate jythe jymost jyvalue jyfor jythe jycompany.

AACSB: jyAnalytical jyThinking
Blooms:
jyRemember
j y Difficulty: jy1
jyEasy
Learning jyObjective: jy01-04 jyEvaluate jythe jyefficiency jyof jya
jyfirm. j y Topic: jyEfficiency, jyEffectiveness,
jyand jyValue



3. A jydoctor jycompletes jya jysurgical jyprocedure jyon jya jypatient jywithout jyerror. jyThe jypatient jydies jyanyway. jyIn jyoperations jymanagement
jyterms, jywe jycould jyrefer jyto jythis jydoctor jyas jybeing jyefficient jybut jynot jyeffective.



TRUE

Efficiency jymeans jydoing jysomething jyat jythe jylowest jypossible jycost. jyEffectiveness jymeans jydoing jythe jyright jythings jyto jycreate jythe jymost
jyvalue. jyThe jydoctor jyperformed jythe jysurgery jywithout jyerror. jyBecause jythe jypatient jydied, jyno jyvalue jywas jycreated.



AACSB: jyAnalytical jyThinking
Blooms:
jyAnalyze
j y Difficulty: jy2
jyMedium
Learning jyObjective: jy01-04 jyEvaluate jythe jyefficiency jyof jya
jyfirm. j y Topic: jyEfficiency, jyEffectiveness,
jyand jyValue



4. A jyworker jycan jybe jyefficient jywithout jybeing jyeffective.

TRUE

Efficiency jymeans jydoing jysomething jyat jythe jylowest jypossible jycost. jyEffectiveness jymeans jydoing jythe jyright jythings jyto jycreate jythe
jymost jyvalue. jyThese jyare jydifferent jythings.



AACSB: jyAnalytical
jyThinking
jy Blooms:
jyUnderstand
jy Difficulty: jy2


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Copyright jy©2021 jyMcGraw-Hill jyEducation. jyAll jyrights jyreserved. jyNo jyreproduction jyor jydistribution jywithout jythe jyprior jywritten jyconsent jyof
jyMcGraw-Hill jyEducation.

, jyMedium
Learning jyObjective: jy01-04 jyEvaluate jythe jyefficiency jyof jya
jyfirm. j y Topic: jyEfficiency, jyEffectiveness,
jyand jyValue




1-3
Copyright jy©2021 jyMcGraw-Hill jyEducation. jyAll jyrights jyreserved. jyNo jyreproduction jyor jydistribution jywithout jythe jyprior jywritten jyconsent jyof
jyMcGraw-Hill jyEducation.

, 5. jyA jyprocess jycan jybe jyeffective jywithout jybeing
efficient.
TRUE

Often, jymaximizing jyeffectiveness jyand jyefficiency jyat jythe jysame jytime jycreates jyconflict jybetween jythe jytwo jygoals. jy"Being jyefficient"
jyat jythe jycustomer jyservice jycounter jyat jya jylocal jystore jyor jybank jymeans jyusing jythe jyfewest jynumber jyof jyclerks jypossible jyat jythe jycounter.

jyBeing jyeffective, jythough, jymeans jyminimizing jythe jyamount jyof jytime jycustomers jyneed jyto jywait jyin jyline.



AACSB: jyAnalytical
jyThinking
jy Blooms:
jyUnderstand
jy Difficulty: jy2
jyMedium
Learning jyObjective: jy01-04 jyEvaluate jythe jyefficiency jyof jya
jyfirm. j y Topic: jyEfficiency, jyEffectiveness,
jyand jyValue



6. Operations jyand jysupply jychain jymanagement jyis jydefined jyas jythe jydesign, jyoperation, jyand jyimprovement jyof jythe jysystems jythat
jycreate jyand jydeliver jythe jyfirm's jyprimary jyproducts jyand jyservices.



TRUE

Operations jyand jysupply jychain jymanagement jyis jydefined jyas jythe jydesign, jyoperation, jyand jyimprovement jyof jythe jysystems jythat jycreate
jyand jydeliver jythe jyfirm's jyprimary jyproducts jyand jyservices.



AACSB: jyAnalytical jyThinking
Blooms:
jyRemember
j y Difficulty: jy1
jyEasy
Learning jyObjective: jy01-01 jyIdentify jythe jyelements jyof jyoperations jyand jysupply jychain jymanagement. jy(OSCM)
Topic: jyWhat jyIs jyOperations jyand jySupply jyChain jyManagement?

7. The jyterm jy"value" jyrefers jyto jythe jyrelationship jybetween jyquality jyand jythe jyprice jypaid jyby jythe jyconsumer.

TRUE

Related jyto jyefficiency jyand jyeffectiveness jyis jythe jyconcept jyof jyvalue, jywhich jycan jybe jymetaphorically jydefined jyas jyquality jydivided jyby jyprice.

AACSB: jyAnalytical jyThinking
Blooms:
jyRemember
j y Difficulty: jy1
jyEasy
Learning jyObjective: jy01-04 jyEvaluate jythe jyefficiency jyof jya
jyfirm. j y Topic: jyEfficiency, jyEffectiveness,
jyand jyValue



8. Attempting jyto jybalance jythe jydesire jyto jyefficiently jyuse jyresources jywhile jyproviding jya jyhighly jyeffective jyservice jymay jycreate
jyconflict jybetween jythe jytwo jygoals.



TRUE

Often jymaximizing jyeffectiveness jyand jyefficiency jyat jythe jysame jytime jycreates jyconflict jybetween jythe jytwo jygoals.

AACSB: jyAnalytical jyThinking
Blooms:
jyAnalyze
j y Difficulty: jy1
jyEasy
Learning jyObjective: jy01-04 jyEvaluate jythe jyefficiency jyof jya
jyfirm. j y Topic: jyEfficiency, jyEffectiveness,

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Copyright jy©2021 jyMcGraw-Hill jyEducation. jyAll jyrights jyreserved. jyNo jyreproduction jyor jydistribution jywithout jythe jyprior jywritten jyconsent jyof
jyMcGraw-Hill jyEducation.