OM 300 - Test 1 - University of Alabama | The University of Alabama
| UPDATED Questions with 100% Verified Answers
Question: the set of activities that create value in the form of goods and services by transforming inputs into
outputs. it is business functions responsible for planning, coordinating, and controlling the resources needed to
produce a company's products and services. It is applicable to all firms, whether manufacturing or service
Answer:
What is operations management?
Question: Marketing Production or operations finance or accounting
Answer:
OM 3 essential functions
Question: Planning organizing staffing leading controlling
Answer:
OM 5 basic management functions
Question: 1 - Design of goods and services 2 - managing quality, process and capacity design 3 - location
strategy 4 - layout strategy 5 - Human Resources and job design 6 - supply-chain management 7 - inventory
management 8 - scheduling 9 - maintenance
Answer:
10 Strategic OM decisions
Question: Unites produced/input used
Answer:
productivity
Question: labor capital management
Answer:
3 factors critical to achieve improves productivity
Question: contributes to about 10% of the annual increase
Answer:
Labor
Question: contributes about 38% of the annual increase
, Answer:
Capital
Question: contributes about 52% of the annual increase
Answer:
Management
Question: 1) reduce costs (labor, taxes, tariffs, etc.) 2) improve supply chain 3) provide better goods and
services 4) understand markets 5) learn to improve operations 6) attract and retain global talent
Answer:
Reasons to globalize
Question: tell an organization where it is going
Answer:
What is a mission statement
Question: tells the organization how to get there - well detailed missions make strategy development much
easier
Answer:
what is a strategy
Question: customers, environment, philosophy and values, profitability and growth, and public image - more
than just profit maximization
Answer:
Factors affecting mission
Question: Differentiation Cots Response
Answer:
3 major strategies for competitive advantage
Question: Introduction, Growth, maturity, and decline
| UPDATED Questions with 100% Verified Answers
Question: the set of activities that create value in the form of goods and services by transforming inputs into
outputs. it is business functions responsible for planning, coordinating, and controlling the resources needed to
produce a company's products and services. It is applicable to all firms, whether manufacturing or service
Answer:
What is operations management?
Question: Marketing Production or operations finance or accounting
Answer:
OM 3 essential functions
Question: Planning organizing staffing leading controlling
Answer:
OM 5 basic management functions
Question: 1 - Design of goods and services 2 - managing quality, process and capacity design 3 - location
strategy 4 - layout strategy 5 - Human Resources and job design 6 - supply-chain management 7 - inventory
management 8 - scheduling 9 - maintenance
Answer:
10 Strategic OM decisions
Question: Unites produced/input used
Answer:
productivity
Question: labor capital management
Answer:
3 factors critical to achieve improves productivity
Question: contributes to about 10% of the annual increase
Answer:
Labor
Question: contributes about 38% of the annual increase
, Answer:
Capital
Question: contributes about 52% of the annual increase
Answer:
Management
Question: 1) reduce costs (labor, taxes, tariffs, etc.) 2) improve supply chain 3) provide better goods and
services 4) understand markets 5) learn to improve operations 6) attract and retain global talent
Answer:
Reasons to globalize
Question: tell an organization where it is going
Answer:
What is a mission statement
Question: tells the organization how to get there - well detailed missions make strategy development much
easier
Answer:
what is a strategy
Question: customers, environment, philosophy and values, profitability and growth, and public image - more
than just profit maximization
Answer:
Factors affecting mission
Question: Differentiation Cots Response
Answer:
3 major strategies for competitive advantage
Question: Introduction, Growth, maturity, and decline
