OM 300 Exam 4 Questions And Answers With Verified
Solutions
The 3 primary business functions? ANS marketing, operations, finance
Supply Chain ANS A global network of organizations and activities that supply a firm with goods and services
The objective of supply chain mgmt.? ANS to build a chain of suppliers that focuses on maximizing value to the
ultimate customer
Productivity ANS the ratio of output (good and services) divided by the inputs (resources such as labor and
capital)
what are the critical variables in enhancing productivity? ANS labor, capital, management
what are the variables for labor productivity? ANS base education, diet, social overhead
mission ANS tells an organization where it is going
strategy ANS tells the organization how to get there
outsourcing ANS transferring a firm's activities that have traditionally been internal to external suppliers
What are the 4 phases of the product life cycle? ANS introductory, growth, maturity, decline
critical path ANS the longest path through the network
Forward Pass ANS a process that identifies all the early start and early finish times
Backward Pass ANS a process that identifies all the late start and late finish times
Solutions
The 3 primary business functions? ANS marketing, operations, finance
Supply Chain ANS A global network of organizations and activities that supply a firm with goods and services
The objective of supply chain mgmt.? ANS to build a chain of suppliers that focuses on maximizing value to the
ultimate customer
Productivity ANS the ratio of output (good and services) divided by the inputs (resources such as labor and
capital)
what are the critical variables in enhancing productivity? ANS labor, capital, management
what are the variables for labor productivity? ANS base education, diet, social overhead
mission ANS tells an organization where it is going
strategy ANS tells the organization how to get there
outsourcing ANS transferring a firm's activities that have traditionally been internal to external suppliers
What are the 4 phases of the product life cycle? ANS introductory, growth, maturity, decline
critical path ANS the longest path through the network
Forward Pass ANS a process that identifies all the early start and early finish times
Backward Pass ANS a process that identifies all the late start and late finish times
