ISQS 3344 CH 1 Quiz Questions with
Correct Answers
All organizations, including service firms such as banks and hospitals, have a production
function.
A. True
B. False Correct Answ_A. True
Although the number of people employed in manufacturing in the United States has decreased
since 1950, each person is now producing almost 20 times more than in 1950.
A. True
B. False Correct Answ_A. True
An accounting firm that provides tax services for a company would be considered to be part of
that company's supply chain.
A. True
, B. False Correct Answ_A. True
An example of a "hidden" production function is the transfer of funds between accounts at a
bank.
A. True
B. False Correct Answ_A. True
Because Hard Rock Cafés are themed restaurants, operations managers focus their layout design
efforts on attractiveness while paying little attention to efficiency.
A. True
B. False Correct Answ_B. False
Competition in the 21st century is no longer between companies; it is between supply chains.
A. True
B. False Correct Answ_A. True
Correct Answers
All organizations, including service firms such as banks and hospitals, have a production
function.
A. True
B. False Correct Answ_A. True
Although the number of people employed in manufacturing in the United States has decreased
since 1950, each person is now producing almost 20 times more than in 1950.
A. True
B. False Correct Answ_A. True
An accounting firm that provides tax services for a company would be considered to be part of
that company's supply chain.
A. True
, B. False Correct Answ_A. True
An example of a "hidden" production function is the transfer of funds between accounts at a
bank.
A. True
B. False Correct Answ_A. True
Because Hard Rock Cafés are themed restaurants, operations managers focus their layout design
efforts on attractiveness while paying little attention to efficiency.
A. True
B. False Correct Answ_B. False
Competition in the 21st century is no longer between companies; it is between supply chains.
A. True
B. False Correct Answ_A. True
