OM 300 - Test 1 - University of
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Alabama questions with answers |\ |\ |\
What is operations management? - CORRECT ANSWERS ✔✔the
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set of activities that create value in the form of goods and
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services by transforming inputs into outputs. it is business
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functions responsible for planning, coordinating, and controlling
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the resources needed to produce a company's products and
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services. It is applicable to all firms, whether manufacturing or
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service
OM 3 essential functions - CORRECT ANSWERS ✔✔Marketing
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Production or operations |\ |\
finance or accounting |\ |\
OM 5 basic management functions - CORRECT ANSWERS
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✔✔Planning
organizing |\
staffing
leading
controlling
10 Strategic OM decisions - CORRECT ANSWERS ✔✔1 - Design of
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goods and services |\ |\
2 - managing quality, process and capacity design
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3 - location strategy
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, 4 - layout strategy
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5 - Human Resources and job design
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6 - supply-chain management
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7 - inventory management
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8 - scheduling
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9 - maintenance
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productivity - CORRECT ANSWERS ✔✔Unites produced/input used
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3 factors critical to achieve improves productivity - CORRECT
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ANSWERS ✔✔labor |\ |\
capital
management
Labor - CORRECT ANSWERS ✔✔contributes to about 10% of the
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annual increase |\
Capital - CORRECT ANSWERS ✔✔contributes about 38% of the
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annual increase |\
Management - CORRECT ANSWERS ✔✔contributes about 52% of |\ |\ |\ |\ |\ |\ |\ |\
the annual increase
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Reasons to globalize - CORRECT ANSWERS ✔✔1) reduce costs
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(labor, taxes, tariffs, etc.)
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2) improve supply chain
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Alabama questions with answers |\ |\ |\
What is operations management? - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\ |\
set of activities that create value in the form of goods and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
services by transforming inputs into outputs. it is business
|\ |\ |\ |\ |\ |\ |\ |\ |\
functions responsible for planning, coordinating, and controlling
|\ |\ |\ |\ |\ |\ |\
the resources needed to produce a company's products and
|\ |\ |\ |\ |\ |\ |\ |\ |\
services. It is applicable to all firms, whether manufacturing or
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
service
OM 3 essential functions - CORRECT ANSWERS ✔✔Marketing
|\ |\ |\ |\ |\ |\ |\
Production or operations |\ |\
finance or accounting |\ |\
OM 5 basic management functions - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Planning
organizing |\
staffing
leading
controlling
10 Strategic OM decisions - CORRECT ANSWERS ✔✔1 - Design of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
goods and services |\ |\
2 - managing quality, process and capacity design
|\ |\ |\ |\ |\ |\ |\
3 - location strategy
|\ |\ |\
, 4 - layout strategy
|\ |\ |\
5 - Human Resources and job design
|\ |\ |\ |\ |\ |\
6 - supply-chain management
|\ |\ |\
7 - inventory management
|\ |\ |\ |\
8 - scheduling
|\ |\ |\
9 - maintenance
|\ |\
productivity - CORRECT ANSWERS ✔✔Unites produced/input used
|\ |\ |\ |\ |\ |\
3 factors critical to achieve improves productivity - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔labor |\ |\
capital
management
Labor - CORRECT ANSWERS ✔✔contributes to about 10% of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
annual increase |\
Capital - CORRECT ANSWERS ✔✔contributes about 38% of the
|\ |\ |\ |\ |\ |\ |\ |\ |\
annual increase |\
Management - CORRECT ANSWERS ✔✔contributes about 52% of |\ |\ |\ |\ |\ |\ |\ |\
the annual increase
|\ |\
Reasons to globalize - CORRECT ANSWERS ✔✔1) reduce costs
|\ |\ |\ |\ |\ |\ |\ |\ |\
(labor, taxes, tariffs, etc.)
|\ |\ |\
2) improve supply chain
|\ |\ |\
