QDM Exam 1 questions with verified answers
A forecast that projects a company's sales is Ans✓✓✓ a demand forecast.
A measure of the strength of the relationship between two variables is referred to
as the Ans✓✓✓ coefficient of correlation.
A strategy is Ans✓✓✓ an action plan to achieve a mission.
Among the following, critical path and slack time analysis MOST help Ans✓✓✓
pinpoint activities that need to be closely watched.
Competing on differentiation is Ans✓✓✓ concerned with uniqueness.
Competition in the 21st century is no longer between companies; it is between
Ans✓✓✓ Supply Chains
Gantt charts are Ans✓✓✓ planning charts used to schedule resources and
allocate time.
PERT analysis computes the variance of the total project completion time as
Ans✓✓✓ the sum of the variances of all activities on the critical path.
Select all of the correct impacts changes in laptop computer design that builds in
wireless technology might have on OM strategy below. Ans✓✓✓ Maintenance
procedures need to be revised.
, Capital investment is added for new equipment or processes.
New human resources skills.
Select all of the correct impacts legislation moving health insurance from a pretax
benefit to taxable income might have on OM strategy below Ans✓✓✓
Operations managers get pressure to increase wages of employees in the lower
pay classifications.
Decrease in the take-home pay of employees by the amount of the taxes.
Change in the income of employees in the lower pay classifications.
Select all of the correct impacts technology innovation in the manufacturing
process might have on OM strategy below. Ans✓✓✓ Maintenance procedures
need to be revised.
Inventory needs to be revised.
Quality standards need to be revised.
Select all of the correct impacts that fewer young prospective employees entering
the labor market might have on OM strategy below. Ans✓✓✓ Tighter job market
Select all of the correct impacts that inflation versus stable prices might have on
OM strategy below Ans✓✓✓ Difficulty in predicting both the cost of production
and the market demand
A forecast that projects a company's sales is Ans✓✓✓ a demand forecast.
A measure of the strength of the relationship between two variables is referred to
as the Ans✓✓✓ coefficient of correlation.
A strategy is Ans✓✓✓ an action plan to achieve a mission.
Among the following, critical path and slack time analysis MOST help Ans✓✓✓
pinpoint activities that need to be closely watched.
Competing on differentiation is Ans✓✓✓ concerned with uniqueness.
Competition in the 21st century is no longer between companies; it is between
Ans✓✓✓ Supply Chains
Gantt charts are Ans✓✓✓ planning charts used to schedule resources and
allocate time.
PERT analysis computes the variance of the total project completion time as
Ans✓✓✓ the sum of the variances of all activities on the critical path.
Select all of the correct impacts changes in laptop computer design that builds in
wireless technology might have on OM strategy below. Ans✓✓✓ Maintenance
procedures need to be revised.
, Capital investment is added for new equipment or processes.
New human resources skills.
Select all of the correct impacts legislation moving health insurance from a pretax
benefit to taxable income might have on OM strategy below Ans✓✓✓
Operations managers get pressure to increase wages of employees in the lower
pay classifications.
Decrease in the take-home pay of employees by the amount of the taxes.
Change in the income of employees in the lower pay classifications.
Select all of the correct impacts technology innovation in the manufacturing
process might have on OM strategy below. Ans✓✓✓ Maintenance procedures
need to be revised.
Inventory needs to be revised.
Quality standards need to be revised.
Select all of the correct impacts that fewer young prospective employees entering
the labor market might have on OM strategy below. Ans✓✓✓ Tighter job market
Select all of the correct impacts that inflation versus stable prices might have on
OM strategy below Ans✓✓✓ Difficulty in predicting both the cost of production
and the market demand
