BUSG 2309 FINAL EXAM QUESTIONS WITH
VERIFIED ANSWERS
According to the text, _______ refers to a set of actions that produce goods and
services.
A. production
B. processes
C. strategy
D. operations
E. manufacturing - ANSWER D
Suppose you make jewelry to sell online and at local craft fairs. Which of the
following statements is most accurate?
A. You are both a manufacturer and a service provider.
B. You exclusively work with multiple wholesalers to sell your product.
C. You are exclusively a service provider.
D. You are both a manufacturer and a retailer.
E. You are both a retailer and a service provider. - ANSWER D
The management of sourcing, procuring, production, and logistics to go from
raw materials to end customers across multiple intermediate steps refers to
______.
A. supply chain management
B. total quality management
C. value-added chain
D. process management
E. operations - ANSWER A
You just bought a pair of skis from a large sporting goods store. Which of the
following sequences represents the correct order in the production distribution
chain?
A. manufacturer-retailer-wholesaler-consumer
B. tetailer-consumer-wholesaler-manufacturer
C. consumer-retailer-wholesaler-manufacturer
D. manufacturer-wholesaler-retailer-consumer
E. wholesaler-manufacturer-retailer-consumer - ANSWER D
___ refers to the amount of inventory to order that will equal the minimum total
ordering and holding costs.
A. SCM
B. ERP
C. Safety stock
,D. Reorder point
E. Economic order quantity - ANSWER E
Which of the following is NOT a factor affecting location decisions at the site
level?
A. site size and cost
B. proximity of services needed
C. cost and availability of utilities
D. environmental-impact issues
E. zoning restrictions - ANSWER C
The strategy of similar businesses locating near each other is called ______.
A. clustering
B. proximity control
C. visual control
D. competitive positioning
E. benchmarking - ANSWER A
___ refers to degrees of excellence and the conformance to specifications of
standards.
A. Process control
B. Six Sigma
C. Total quality management
D. Quality
E. Continuous improvement - ANSWER D
Who popularized the notion that profits follow quality?
A. W. Edwards Deming
B. Paul Krugman
C. Warren Buffet
D. Max Weber
E. Michael Porter - ANSWER A
Which of the following is the set of actions that produce goods and services?
A. Services
B. Processes
C. Operations
D. Natural Resources
E. Labor - ANSWER C
Which of the following is included in the transformation and conversion step
when converting inputs to outputs during operations?
A. Materials
B. Funds
C. Services
D. Ideas
, E. Labor - ANSWER E
Identify the traditional production-distribution chain.
A. Retailer - consumer
B. Consumer - retailer - wholesaler - manufacturer
C. Manufacturer - wholesaler - retailer - consumer
D. Manufacturer - retailer - consumer
E. Manufacturer - consumer - ANSWER C
In the production-distribution chain, who receives a product from the
manufacturer when a factory direct method is used?
A.
Supplier
B.
Warehouse
C.
Retailer
D.
Wholesaler
E.
Consumer - ANSWER E
___ refers to an inventory-management method in which an individual assesses
the stock level on hand by visual inspection and reorders when the supply
appears low.
A.
Management-by-walking-around
B.
Cost-based control
C.
Visual control
Your answer is correct.
D.
Safety stock control
E.
Cash utilization - ANSWER C
The amount of inventory, raw materials, or works-in-progress that is kept to
guarantee service levels is known as __________.
A.
process management
B.
visual stock
C.
reorder-stock levels
D.
VERIFIED ANSWERS
According to the text, _______ refers to a set of actions that produce goods and
services.
A. production
B. processes
C. strategy
D. operations
E. manufacturing - ANSWER D
Suppose you make jewelry to sell online and at local craft fairs. Which of the
following statements is most accurate?
A. You are both a manufacturer and a service provider.
B. You exclusively work with multiple wholesalers to sell your product.
C. You are exclusively a service provider.
D. You are both a manufacturer and a retailer.
E. You are both a retailer and a service provider. - ANSWER D
The management of sourcing, procuring, production, and logistics to go from
raw materials to end customers across multiple intermediate steps refers to
______.
A. supply chain management
B. total quality management
C. value-added chain
D. process management
E. operations - ANSWER A
You just bought a pair of skis from a large sporting goods store. Which of the
following sequences represents the correct order in the production distribution
chain?
A. manufacturer-retailer-wholesaler-consumer
B. tetailer-consumer-wholesaler-manufacturer
C. consumer-retailer-wholesaler-manufacturer
D. manufacturer-wholesaler-retailer-consumer
E. wholesaler-manufacturer-retailer-consumer - ANSWER D
___ refers to the amount of inventory to order that will equal the minimum total
ordering and holding costs.
A. SCM
B. ERP
C. Safety stock
,D. Reorder point
E. Economic order quantity - ANSWER E
Which of the following is NOT a factor affecting location decisions at the site
level?
A. site size and cost
B. proximity of services needed
C. cost and availability of utilities
D. environmental-impact issues
E. zoning restrictions - ANSWER C
The strategy of similar businesses locating near each other is called ______.
A. clustering
B. proximity control
C. visual control
D. competitive positioning
E. benchmarking - ANSWER A
___ refers to degrees of excellence and the conformance to specifications of
standards.
A. Process control
B. Six Sigma
C. Total quality management
D. Quality
E. Continuous improvement - ANSWER D
Who popularized the notion that profits follow quality?
A. W. Edwards Deming
B. Paul Krugman
C. Warren Buffet
D. Max Weber
E. Michael Porter - ANSWER A
Which of the following is the set of actions that produce goods and services?
A. Services
B. Processes
C. Operations
D. Natural Resources
E. Labor - ANSWER C
Which of the following is included in the transformation and conversion step
when converting inputs to outputs during operations?
A. Materials
B. Funds
C. Services
D. Ideas
, E. Labor - ANSWER E
Identify the traditional production-distribution chain.
A. Retailer - consumer
B. Consumer - retailer - wholesaler - manufacturer
C. Manufacturer - wholesaler - retailer - consumer
D. Manufacturer - retailer - consumer
E. Manufacturer - consumer - ANSWER C
In the production-distribution chain, who receives a product from the
manufacturer when a factory direct method is used?
A.
Supplier
B.
Warehouse
C.
Retailer
D.
Wholesaler
E.
Consumer - ANSWER E
___ refers to an inventory-management method in which an individual assesses
the stock level on hand by visual inspection and reorders when the supply
appears low.
A.
Management-by-walking-around
B.
Cost-based control
C.
Visual control
Your answer is correct.
D.
Safety stock control
E.
Cash utilization - ANSWER C
The amount of inventory, raw materials, or works-in-progress that is kept to
guarantee service levels is known as __________.
A.
process management
B.
visual stock
C.
reorder-stock levels
D.
