- Study guides, Class notes & Summaries

MGSC 395 FINAL EXAM WITH COMPLETE QUESTIONS AND CORRECT ANSWERS 100% VERIFIED 2026 UPDATE!!...

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4 pages

Written in 2025/2026

Grade A+

Easton

MGSC 395 FINAL EXAM 2026 WITH QUESTIONS AND ANSWERS

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26 pages

Written in 2025/2026

Grade A+

Tamuza

MGSC 395 TIMOTHY FRY EXAM 2 | QUESTIONS AND ANSWERS | 2026 UPDATE WITH COMPLETE SOLUTION

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15 pages

Written in 2025/2026

Grade A+

EvaTee

MGSC 395 EXAM 1 QUESTIONS AND ANSWERS. VERIFIED 2025/2026.

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16 pages

Written in 2025/2026

Grade A+

TheStar

MGSC 395 EXAM 1 NEW STUDY SET WITH 100% VERIFIED SOLUTIONS 2026-27!!...

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11 pages

Written in 2025/2026

Grade A+

Easton

Complementary products - correct answers when one demand goes up, so does the other Judgement methods - correct answers contextual knowledge gained through experience Causal methods - correct answers Use historical data and the relationships can be identified between the dependent and independent variable (s). Time series methods - correct answers Use historical information regarding only the dependent variable Time series methods examples - correct answers Simple moving average, exp...

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3 pages

Written in 2025/2026

Grade A+

RealGrades

How do operations and supply chain fit in the overall business? - correct answers Integrates into different functional areas: -Finance (Acquires financial resources and capital for inputs) -Operations (Translates materials and services into outputs) -Marketing (Generates sales of outputs) (left to right: Material and service inputs, Product and service outputs, sales rev) Middle- Support functions: Accounting Information systems Human Resources Engineering What is the supply chai...

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20 pages

Written in 2025/2026

Grade A+

RealGrades

Competitive Priorities - correct answers the critical dimensions that a process or supply chain must possess to satisfy its internal or external customers Competitive Capabilities - correct answers the cost, quality, time, and flexibility dimensions that a process or supply chain actually possesses and is able to deliver Order Qualifiers - correct answers characteristics that customers perceive as minimum standards of acceptability to be considered as a potential for purchase Order Winn...

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4 pages

Written in 2025/2026

Grade A+

RealGrades

can utilization of a process be > 100% - correct answers yes a process needs to be: - correct answers accurate and precise a back office is best characterized by: - correct answers low interaction with customers and standardized services all of the following are true of a service except: a. The service output cannot be inventoried. b. Production and consumption are simultaneous. c. It is labour intensive. d. Services don't have order winners and qualifiers like manufacturers ...

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4 pages

Written in 2025/2026

Grade A+

RealGrades

White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $143 per unit (labor, $31; materials, $67;and overhead, $45). The sales price is $300 per unit. To achieve a 13 percent multifactor productivity improvement by reducing materials costs only, one needs to reduce the materials cost by __ percent - correct answers300 / 143 = 2.0979 2.0979*1.13 = 2.370629 300/2.370629= 126.54867 143-126.54867 = 16.451327 16.451327/6...

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7 pages

Written in 2025/2026

Grade A+

RealGrades

If "every process and every person in an organization has customers," then - correct answers some customers are external and some are internal. SSS is a local restaurant serving the needs of college students, faculty, and staff. The manager is considering adding a website so carry-out customers can order in advance more easily. Which process would be a core process in this new undertaking? - correct answers Web design The three mainline functions of any business are - correct answers...

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7 pages

Written in 2025/2026

Grade A+

RealGrades

Operations Management - correct answers The systematic design, direction, and control of processes. Process - correct answers any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs. Operation - correct answers a group of resources performing all or part of one or more processes. Market Analysis - correct answers Understanding what the customer wants and how to provide it. Competitive priorities - correct answers the critic...

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8 pages

Written in 2025/2026

Grade A+

RealGrades

The theory of constraints methods increase the firm's profits more effectively by focusing on what? - correct answers making materials flow rapidly through the entire system The theory of constraints defines inventory as - correct answers all the money invested in a system in purchasing things that it intends to sell Of the seven key principles of the theory of constraints, which is the first principal? - correct answers the focus should be on balancing flow, not on balancing capacity ...

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6 pages

Written in 2025/2026

Grade A+

RealGrades

Theory of Constraints - correct answers1) Identify the system's constraints 2) Decide how to exploit the system's constraints 3) Subordinate everything else to the above decision 4) Elevate the system's constraints 5) Do not allow inertia to cause a system constraint As ___________ decreases, Net Profit, Cash Flow, and Return on Investment increase. - correct answers inventory As ___________ increases, Net Profit, Cash Flow, and Return on Investment increase. - correct...

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6 pages

Written in 2025/2026

Grade A+

RealGrades

Capacity - correct answers The maximum rate of output of a process or a system Measures of Capacity - correct answers Input and Output Input Examples: Hospital - number of beds, Airline - number of planes, Restaurant - number of seats Output Examples: Hospital - number of patients treated per day, Airline - seat miles flown per day, Restaurant - customers served per day Utilization - correct answers The degree to which equipment, space, or labor is being used Economies of Scale - corr...

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3 pages

Written in 2025/2026

Grade A+

RealGrades

constraint - correct answers Any factor that limits the performance of a system and restricts its output Bottle Neck - correct answers A capacity constraint resource (CCR) whose available capacity limits the organization's ability to meet the product volume, product mix, or demand fluctuations required by the marketplace Theory of Constraint - correct answers The Theory of Constraints (TOC) A systematic management approach that focuses on actively managing those constraints that impede...

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10 pages

Written in 2025/2026

Grade A+

RealGrades

Finance - correct answers Acquires financial resources and capital for inputs Marketing - correct answers Generates sales of outputs Operations - correct answers Translates materials and services into outputs Process - correct answers Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation - correct answers A group of resources performing all or part of one more processes Supply Chain - correc...

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7 pages

Written in 2025/2026

Grade A+

RealGrades

Marketing - correct answers generates sale of outputs Finance - correct answers Acquires financial resources and capital for inputs Operations - correct answers Translates materials and services into outputs Process - correct answers any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers operations - correct answers a group of resources performing all or part of one or more processes supply chain - cor...

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5 pages

Written in 2025/2026

Grade A+

RealGrades

forecast - correct answers a prediction of future events used for planning purposes time series - correct answers the repeated observations of demand for a service or product in their order of occurrence time series pattern: horizontal - correct answers nearly flat over time time series pattern: trend - correct answers consistently rising or falling time series pattern: seasonal - correct answers varies in a repeatable pattern over seasons time series pattern: cyclical - correct a...

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10 pages

Written in 2025/2026

Grade A+

RealGrades

A demand management option for a company is to even out the load on resources by producing ___________ products, or services that have similar resource requirements but different demand cycles. - correct answers A. Prescheduled products B. Promotional Products C. Backlog products ***D. Complementary products Generally, which of the following are to be avoided when managing demand? - correct answersA. Promotional pricing ***B. Backorders C. Quantity discounts D. Perishable capaci...

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23 pages

Written in 2025/2026

Grade A+

RealGrades