OPS 300/301 FINAL EXAM UPDATED QUESTIONS
AND CORRECT ANSWERS
Question:
1. Operations management is the set of activities that creates value in the form of goods and services by
transforming inputs into outputs.
Answer:
True
Question:
2. What is a global network of organizations and activities that supply a firm with goods and services?
Answer:
supply chain
Question:
3. An operations task performed at Hard Rock Cafe is
Answer:
preparing employee schedules.
Question:
4. Which of the following influences layout design?
Answer:
A. personnel levels
B. technology
C. capacity needs
D. inventory requirements (E.) (All of the above influence layout decisions.)
Question:
5. Which appears to provide the best opportunity for increases in productivity?
Answer:
management
Question:
6. Which of the following is NOT one of the reasons operations managers want to work with their supply
chains to viciously cut inventories at every level?
Answer:
Inventory provides safety against higher-than expected demand.
Question:
7. SWOT
Answer:
Strength, Opportunity, Weakness and Threats
Question:
8. A set of skills, talents, and capabilities in which a firm is particularly strong is referred to as
, Answer:
core competencies.
Question:
9. The project organization may be LESS helpful when
Answer:
the job is familiar to the existing organization.
Question:
10. The critical path of a network is the
Answer:
longest time path through the network.
Question:
11. With respect to PERT and CPM, slack
Answer:
is the amount of time a task may be delayed without changing the overall project completion time.
Question:
12. Which of the following is a limitation of PERT and CPM?
Answer:
There is the inherent danger of placing too much emphasis on the critical path.
Question:
13. Which of the following comes EARLIEST in the decision-making process?
A. Implement and evaluate the decisions and then set a timetable for completion.
B. Develop a model.
C. Develop specific and measurable objectives.
D. Evaluate each alternative solution based on its merits and drawbacks.
Answer:
Develop specific and measurable objectives.
Question:
14. What is a course of action or strategy that may be chosen by a decision maker?
A. mode
B. state of nature
C. mission
D. alternative
Answer:
alternative
Question:
15. What is an alternative name for a decision table?
A. payoff table
B. outcome table
C. decision grid
D. decision matrix
AND CORRECT ANSWERS
Question:
1. Operations management is the set of activities that creates value in the form of goods and services by
transforming inputs into outputs.
Answer:
True
Question:
2. What is a global network of organizations and activities that supply a firm with goods and services?
Answer:
supply chain
Question:
3. An operations task performed at Hard Rock Cafe is
Answer:
preparing employee schedules.
Question:
4. Which of the following influences layout design?
Answer:
A. personnel levels
B. technology
C. capacity needs
D. inventory requirements (E.) (All of the above influence layout decisions.)
Question:
5. Which appears to provide the best opportunity for increases in productivity?
Answer:
management
Question:
6. Which of the following is NOT one of the reasons operations managers want to work with their supply
chains to viciously cut inventories at every level?
Answer:
Inventory provides safety against higher-than expected demand.
Question:
7. SWOT
Answer:
Strength, Opportunity, Weakness and Threats
Question:
8. A set of skills, talents, and capabilities in which a firm is particularly strong is referred to as
, Answer:
core competencies.
Question:
9. The project organization may be LESS helpful when
Answer:
the job is familiar to the existing organization.
Question:
10. The critical path of a network is the
Answer:
longest time path through the network.
Question:
11. With respect to PERT and CPM, slack
Answer:
is the amount of time a task may be delayed without changing the overall project completion time.
Question:
12. Which of the following is a limitation of PERT and CPM?
Answer:
There is the inherent danger of placing too much emphasis on the critical path.
Question:
13. Which of the following comes EARLIEST in the decision-making process?
A. Implement and evaluate the decisions and then set a timetable for completion.
B. Develop a model.
C. Develop specific and measurable objectives.
D. Evaluate each alternative solution based on its merits and drawbacks.
Answer:
Develop specific and measurable objectives.
Question:
14. What is a course of action or strategy that may be chosen by a decision maker?
A. mode
B. state of nature
C. mission
D. alternative
Answer:
alternative
Question:
15. What is an alternative name for a decision table?
A. payoff table
B. outcome table
C. decision grid
D. decision matrix
