MGT103 - CHAPTER 15 OE COMPLETE QUESTION AND ANSWERS (VERIFIED)

MGT103 - CHAPTER 15 OE COMPLETE QUESTION AND ANSWERS (VERIFIED) 1. A company buys electronic components, assembles them into PCs, and then ships them to customers. In this case the electronic components are _____ for the company. a. outputs b. products c. processes d. inputs e. services ANSWER =c 2. A food distributor provides _____ utility by transporting the food to be sold from the warehouses to the retail outlets. a. form b. time c. place d. product e. tangible ANSWER =b 3. If the product is a physical good, operations create value and provide _____ utility by combining many dissimilar inputs to make something that is more valuable than the actual cost of the inputs used to create it. a. time b. form c. place d. service e. statistical ANSWER =d