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Exam (elaborations)

QDM Exam 1 (38 Questions) – Operations Management, Productivity & Strategy Concepts

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This document provides a fully verified and A+ graded collection of 38 exam questions and answers from QDM Exam 1 for the 2025/2026 academic year, focusing on core concepts in Operations Management and Decision Making. It is structured to serve as a detailed, exam-ready study guide for students preparing for midterms, finals, or comprehensive assessments. Topics are thoroughly explained and supported by real-world examples and calculations, including: The fundamentals of Operations Management Differences between goods and services Single-factor and multifactor productivity with step-by-step problem-solving Historical figures and contributions (Taylor, Ford, Deming) in operational theory and practice Strategic approaches such as cost leadership, differentiation, and quick response The role of globalization in modern supply chains Full breakdown of the product life cycle and its strategic implications Introduction to PERT (Program Evaluation and Review Technique), including expected value and variance calculations Forecasting methods for short-, medium-, and long-term planning This resource is ideal for students in: Operations Management Business Administration Supply Chain and Logistics Industrial Engineering Strategic Management Decision Sciences Designed to assist both undergraduate and postgraduate students, this document is well-aligned with standard university syllabi and is particularly useful for test preparation, coursework support, and assignment reference in business and engineering faculties. Keywords: operations management, productivity, labor productivity, multifactor productivity, goods vs services, quality control, forecasting, cost leadership, strategy, competitive advantage, product life cycle, PERT, expected value, variance, OM strategy, service productivity, decision making, globalization

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Uploaded on
September 26, 2025
Number of pages
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Written in
2025/2026
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QDM Exam 1 2025/2026 Exam Questions
and Verified Answers | Already Graded
A+



What is Operations Management? - 🧠 ANSWER ✔✔Activities that relate

the creation of goods and services through the transformation of inputs to

outputs.

Set of activities, creates value in the form of goods and services by

transforming inputs into outputs.


Significant Events in OM - 🧠 ANSWER ✔✔Cost Focus, Quality Focus,

Customization Focus, Globalization Focus


Frederick W. Taylor - 🧠 ANSWER ✔✔Born 1856, died 1915


Known as 'father of scientific management'

,In 1881, as chief engineer for Midvale Steel, studied how tasks were done

(began first motion and time studies)

Created efficiency principles


Taylor's Principals - 🧠 ANSWER ✔✔Mgmt should take more responsibility

for:

-matching employees to right jobs

-providing the proper training

-providing proper work methods and tools

-establishing legitimate incentives for work to be accomplished


Henry Ford - 🧠 ANSWER ✔✔Born 1863, died 1947


1903: created Ford Motor Company

1913: first used moving assembly line to make Model T (unfinished product

moved by conveyor past work station)

Paid workers very well for 1911


W. Edwards Deming - 🧠 ANSWER ✔✔Born 1900, died 1993


Engineer and physicist

, Credited with teaching Japan quality control methods in post WW2

Used statistics to analyze process

His methods involve workers in decisions


Goods vs Services - 🧠 ANSWER ✔✔Tangible: ride in airline seat (S) vs

Intangible: the seat itself (G)

Produced and consumed simultaneously: beauty salon produces a haircut

that is consumed as it is produced (S) vs Product can usually be kept in

inventory: beauty care products (G)

Unique: investments and medical care (S) vs Similar products produced:

iPod (G)

High customer interaction: often what customer is paying for: consulting,

education (S) vs Limited customer involvement in production (G)

Inconsistent product definition: auto insurance changes with age and type

of car (S) vs. Product standardized: iPhone (G)

Knowledge based: legal, education, medical services are hard to automate

(S) vs Standard tangible products, make automation feasible (G)

Services dispersed: may occur at retail office, house call, or via internet (S)

vs Product typically produced at a fixed facility (G)

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