TEST BANK FOR
SXCVB SXCVB
Operations and
SXCVB Supply
SXCVB SXCVB Chain Management
SXCVB SXCVB16th SXCVBEdition SXCVBBy SXCVBF. SXCVB Robert SXCVB Jacobs
ChapterSXCVB1-22
Chapter 01 Test Bank Static
SXCVB SXCVB SXCVB SXCVB
1. EfficiencySXCVBmeansSXCVBdoingSXCVBtheSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalueSXCVBforSXCVBtheSXCVBcompany.
FALSE
EfficiencySXCVBmeansSXCVBdoingSXCVBsomethingSXCVBatSXCVBtheSXCVBlowestSXCVBpossibleSXCVBcost.
2. EffectivenessSXCVBmeansSXCVBdoingSXCVBtheSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalueSXCVBforSXCVBtheSXCVBcompany.
TRUE
EffectivenessSXCVBmeansSXCVBdoingSXCVBtheSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalueSXCVBforSXCVBtheSXCVBcompany.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBRemem
berS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
3. ASXCVBdoctorSXCVBcompletesSXCVBaSXCVBsurgicalSXCVBprocedureSXCVBonSXCVBaSXCVBpatientSXCVBwithoutSXCVBerror.SXCVBTheSXCVBpatientSXCVBdiesSXC
VBanyway.SXCVBInSXCVBoperationsSXCVBmanagementSXCVBterms,SXCVBweSXCVBcouldSXCVBreferSXCVBtoSXCVBthisSXCVBdoctorSXCVBasSXCVBbeingSXCVBeffic
ientSXCVBbutSXCVBnotSXCVBeffective.
TRUE
EfficiencySXCVBmeansSXCVBdoingSXCVBsomethingSXCVBatSXCVBtheSXCVBlowestSXCVBpossibleSXCVBcost.SXCVBEffectivenessSXCVBmeansSXCVBdoingSXCVBtheSXCVBr
ightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalue.SXCVBTheSXCVBdoctorSXCVBperformedSXCVBtheSXCVBsurgerySXCVBwithoutSXCVBerror.SXCVBBeca
useSXCVBtheSXCVBpatientSXCVBdied,SXCVBnoSXCVBvalueSXCVBwasSXCVBcreated.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBAna
lyzeS X C V B Difficult
y:SXCVB2SXCVBMedium
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
4. ASXCVBworkerSXCVBcanSXCVBbeSXCVBefficientSXCVBwithoutSXCVBbeingSXCVBeffective.
TRUE
EfficiencySXCVBmeansSXCVBdoingSXCVBsomethingSXCVBatSXCVBtheSXCVBlowestSXCVBpossibleSXCVBcost.SXCVBEffectivenessSXCVBmeansSXCVBdoingSXCVBth
eSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalue.SXCVBTheseSXCVBareSXCVBdifferentSXCVBthings.
1-1
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
, AACSB:SXCVBAnalyticalSXCVBT
hinkingS X C V B Bloo
ms:SXCVBUnderstandS
X C V B Difficulty:SXCVB
2SXCVBMedium
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
1-2
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
,5. ASXCVBprocessSXCVBcanSXCVBbeSXCVBeffectiveSXCVBwithoutSXCVBbeingSXCVBefficient.
TRUE
Often,SXCVBmaximizingSXCVBeffectivenessSXCVBandSXCVBefficiencySXCVBatSXCVBtheSXCVBsameSXCVBtimeSXCVBcreatesSXCVBconflictSXCVBbetweenSXCVBt
heSXCVBtwoSXCVBgoals.SXCVB"BeingSXCVBefficient"SXCVBatSXCVBtheSXCVBcustomerSXCVBserviceSXCVBcounterSXCVBatSXCVBaSXCVBlocalSXCVBstoreSXCVBorSXCVB
bankSXCVBmeansSXCVBusingSXCVBtheSXCVBfewestSXCVBnumberSXCVBofSXCVBclerksSXCVBpossibleSXCVBatSXCVBtheSXCVBcounter.SXCVBBeingSXCVBeffective,SXC
VBthough,SXCVBmeansSXCVBminimizingSXCVBtheSXCVBamountSXCVBofSXCVBtimeSXCVBcustomersSXCVBneedSXCVBtoSXCVBwaitSXCVBinSXCVBline.
AACSB:SXCVBAnalyticalSXCVBT
hinkingS X C V B Bloo
ms:SXCVBUnderstandS
X C V B Difficulty:SXCVB
2SXCVBMedium
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
6. OperationsSXCVBandSXCVBsupplySXCVBchainSXCVBmanagementSXCVBisSXCVBdefinedSXCVBasSXCVBtheSXCVBdesign,SXCVBoperation,SXCVBandSXCVBim
provementSXCVBofSXCVBtheSXCVBsystemsSXCVBthatSXCVBcreateSXCVBandSXCVBdeliverSXCVBtheSXCVBfirm'sSXCVBprimarySXCVBproductsSXCVBandSXCVBs
ervices.
TRUE
OperationsSXCVBandSXCVBsupplySXCVBchainSXCVBmanagementSXCVBisSXCVBdefinedSXCVBasSXCVBtheSXCVBdesign,SXCVBoperation,SXCVBandSXCVBimprovem
entSXCVBofSXCVBtheSXCVBsystemsSXCVBthatSXCVBcreateSXCVBandSXCVBdeliverSXCVBtheSXCVBfirm'sSXCVBprimarySXCVBproductsSXCVBandSXCVBservices.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBRemem
berS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-01SXCVBIdentifySXCVBtheSXCVBelementsSXCVBofSXCVBoperationsSXCVBandSXCVBsupplySXCVBchainSXCVBmanagement.SXCVB(OSCM)
Topic:SXCVBWhatSXCVBIsSXCVBOperationsSXCVBandSXCVBSupplySXCVBChainSXCVBManagement?
7. TheSXCVBtermSXCVB"value"SXCVBrefersSXCVBtoSXCVBtheSXCVBrelationshipSXCVBbetweenSXCVBqualitySXCVBandSXCVBtheSXCVBpriceSXCVBpaidSXCVBbySXCVBtheSXCVBco
nsumer.
TRUE
RelatedSXCVBtoSXCVBefficiencySXCVBandSXCVBeffectivenessSXCVBisSXCVBtheSXCVBconceptSXCVBofSXCVBvalue,SXCVBwhichSXCVBcanSXCVBbeSXCVBmetaphoricallySXCVBd
efinedSXCVBasSXCVBqualitySXCVBdividedSXCVBbySXCVBprice.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBRemem
berS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
8. AttemptingSXCVBtoSXCVBbalanceSXCVBtheSXCVBdesireSXCVBtoSXCVBefficientlySXCVBuseSXCVBresourcesSXCVBwhileSXCVBprovidingSXCVBaSXCVBhighlySXCVBe
ffectiveSXCVBserviceSXCVBmaySXCVBcreateSXCVBconflictSXCVBbetweenSXCVBtheSXCVBtwoSXCVBgoals.
TRUE
OftenSXCVBmaximizingSXCVBeffectivenessSXCVBandSXCVBefficiencySXCVBatSXCVBtheSXCVBsameSXCVBtimeSXCVBcreatesSXCVBconflictSXCVBbetweenSXCVBtheSXCVBtwoSX
CVBgoals.
1-3
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
, AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBAna
lyzeS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficienc
y,SXCVBEffectiveness,SXCVBandSXCVBValue
1-4
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
SXCVB SXCVB
Operations and
SXCVB Supply
SXCVB SXCVB Chain Management
SXCVB SXCVB16th SXCVBEdition SXCVBBy SXCVBF. SXCVB Robert SXCVB Jacobs
ChapterSXCVB1-22
Chapter 01 Test Bank Static
SXCVB SXCVB SXCVB SXCVB
1. EfficiencySXCVBmeansSXCVBdoingSXCVBtheSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalueSXCVBforSXCVBtheSXCVBcompany.
FALSE
EfficiencySXCVBmeansSXCVBdoingSXCVBsomethingSXCVBatSXCVBtheSXCVBlowestSXCVBpossibleSXCVBcost.
2. EffectivenessSXCVBmeansSXCVBdoingSXCVBtheSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalueSXCVBforSXCVBtheSXCVBcompany.
TRUE
EffectivenessSXCVBmeansSXCVBdoingSXCVBtheSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalueSXCVBforSXCVBtheSXCVBcompany.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBRemem
berS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
3. ASXCVBdoctorSXCVBcompletesSXCVBaSXCVBsurgicalSXCVBprocedureSXCVBonSXCVBaSXCVBpatientSXCVBwithoutSXCVBerror.SXCVBTheSXCVBpatientSXCVBdiesSXC
VBanyway.SXCVBInSXCVBoperationsSXCVBmanagementSXCVBterms,SXCVBweSXCVBcouldSXCVBreferSXCVBtoSXCVBthisSXCVBdoctorSXCVBasSXCVBbeingSXCVBeffic
ientSXCVBbutSXCVBnotSXCVBeffective.
TRUE
EfficiencySXCVBmeansSXCVBdoingSXCVBsomethingSXCVBatSXCVBtheSXCVBlowestSXCVBpossibleSXCVBcost.SXCVBEffectivenessSXCVBmeansSXCVBdoingSXCVBtheSXCVBr
ightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalue.SXCVBTheSXCVBdoctorSXCVBperformedSXCVBtheSXCVBsurgerySXCVBwithoutSXCVBerror.SXCVBBeca
useSXCVBtheSXCVBpatientSXCVBdied,SXCVBnoSXCVBvalueSXCVBwasSXCVBcreated.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBAna
lyzeS X C V B Difficult
y:SXCVB2SXCVBMedium
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
4. ASXCVBworkerSXCVBcanSXCVBbeSXCVBefficientSXCVBwithoutSXCVBbeingSXCVBeffective.
TRUE
EfficiencySXCVBmeansSXCVBdoingSXCVBsomethingSXCVBatSXCVBtheSXCVBlowestSXCVBpossibleSXCVBcost.SXCVBEffectivenessSXCVBmeansSXCVBdoingSXCVBth
eSXCVBrightSXCVBthingsSXCVBtoSXCVBcreateSXCVBtheSXCVBmostSXCVBvalue.SXCVBTheseSXCVBareSXCVBdifferentSXCVBthings.
1-1
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
, AACSB:SXCVBAnalyticalSXCVBT
hinkingS X C V B Bloo
ms:SXCVBUnderstandS
X C V B Difficulty:SXCVB
2SXCVBMedium
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
1-2
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
,5. ASXCVBprocessSXCVBcanSXCVBbeSXCVBeffectiveSXCVBwithoutSXCVBbeingSXCVBefficient.
TRUE
Often,SXCVBmaximizingSXCVBeffectivenessSXCVBandSXCVBefficiencySXCVBatSXCVBtheSXCVBsameSXCVBtimeSXCVBcreatesSXCVBconflictSXCVBbetweenSXCVBt
heSXCVBtwoSXCVBgoals.SXCVB"BeingSXCVBefficient"SXCVBatSXCVBtheSXCVBcustomerSXCVBserviceSXCVBcounterSXCVBatSXCVBaSXCVBlocalSXCVBstoreSXCVBorSXCVB
bankSXCVBmeansSXCVBusingSXCVBtheSXCVBfewestSXCVBnumberSXCVBofSXCVBclerksSXCVBpossibleSXCVBatSXCVBtheSXCVBcounter.SXCVBBeingSXCVBeffective,SXC
VBthough,SXCVBmeansSXCVBminimizingSXCVBtheSXCVBamountSXCVBofSXCVBtimeSXCVBcustomersSXCVBneedSXCVBtoSXCVBwaitSXCVBinSXCVBline.
AACSB:SXCVBAnalyticalSXCVBT
hinkingS X C V B Bloo
ms:SXCVBUnderstandS
X C V B Difficulty:SXCVB
2SXCVBMedium
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
6. OperationsSXCVBandSXCVBsupplySXCVBchainSXCVBmanagementSXCVBisSXCVBdefinedSXCVBasSXCVBtheSXCVBdesign,SXCVBoperation,SXCVBandSXCVBim
provementSXCVBofSXCVBtheSXCVBsystemsSXCVBthatSXCVBcreateSXCVBandSXCVBdeliverSXCVBtheSXCVBfirm'sSXCVBprimarySXCVBproductsSXCVBandSXCVBs
ervices.
TRUE
OperationsSXCVBandSXCVBsupplySXCVBchainSXCVBmanagementSXCVBisSXCVBdefinedSXCVBasSXCVBtheSXCVBdesign,SXCVBoperation,SXCVBandSXCVBimprovem
entSXCVBofSXCVBtheSXCVBsystemsSXCVBthatSXCVBcreateSXCVBandSXCVBdeliverSXCVBtheSXCVBfirm'sSXCVBprimarySXCVBproductsSXCVBandSXCVBservices.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBRemem
berS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-01SXCVBIdentifySXCVBtheSXCVBelementsSXCVBofSXCVBoperationsSXCVBandSXCVBsupplySXCVBchainSXCVBmanagement.SXCVB(OSCM)
Topic:SXCVBWhatSXCVBIsSXCVBOperationsSXCVBandSXCVBSupplySXCVBChainSXCVBManagement?
7. TheSXCVBtermSXCVB"value"SXCVBrefersSXCVBtoSXCVBtheSXCVBrelationshipSXCVBbetweenSXCVBqualitySXCVBandSXCVBtheSXCVBpriceSXCVBpaidSXCVBbySXCVBtheSXCVBco
nsumer.
TRUE
RelatedSXCVBtoSXCVBefficiencySXCVBandSXCVBeffectivenessSXCVBisSXCVBtheSXCVBconceptSXCVBofSXCVBvalue,SXCVBwhichSXCVBcanSXCVBbeSXCVBmetaphoricallySXCVBd
efinedSXCVBasSXCVBqualitySXCVBdividedSXCVBbySXCVBprice.
AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBRemem
berS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficiency
,SXCVBEffectiveness,SXCVBandSXCVBValue
8. AttemptingSXCVBtoSXCVBbalanceSXCVBtheSXCVBdesireSXCVBtoSXCVBefficientlySXCVBuseSXCVBresourcesSXCVBwhileSXCVBprovidingSXCVBaSXCVBhighlySXCVBe
ffectiveSXCVBserviceSXCVBmaySXCVBcreateSXCVBconflictSXCVBbetweenSXCVBtheSXCVBtwoSXCVBgoals.
TRUE
OftenSXCVBmaximizingSXCVBeffectivenessSXCVBandSXCVBefficiencySXCVBatSXCVBtheSXCVBsameSXCVBtimeSXCVBcreatesSXCVBconflictSXCVBbetweenSXCVBtheSXCVBtwoSX
CVBgoals.
1-3
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.
, AACSB:SXCVBAnalyticalSXCVBThinking
Blooms:SXCVBAna
lyzeS X C V B Diffic
ulty:SXCVB1SXCVBEa
sy
LearningSXCVBObjective:SXCVB01-
04SXCVBEvaluateSXCVBtheSXCVBefficiencySXCVBof
SXCVBaSXCVBfirm.S X C V B Topic:SXCVBEfficienc
y,SXCVBEffectiveness,SXCVBandSXCVBValue
1-4
CopyrightSXCVB©2021SXCVBMcGraw-
HillSXCVBEducation.SXCVBAllSXCVBrightsSXCVBreserved.SXCVBNoSXCVBreproductionSXCVBorSXCVBdistributionSXCVBwithoutSXCVBtheSXCVBpriorSXCVBwrittenSXCVBconsentSX
CVBofSXCVBMcGraw-HillSXCVBEducation.