OSCM 373 QUESTIONS AND ANSWERS
multi-factor (total factor) productivity - Answers -=
output/labor+material+energy+capital+Misc
What is OM? - Answers -Operations Management
Creation of value-products (goods and services)
by transforming inputs into outputs (products)
Labor contributes about ____ % of annual increase - Answers -10%
Capital contributes about ____ % of annual increase - Answers -38%
management contributes about ____ % of annual increase - Answers -52%
Which factor contributes the most to productivity improvement? - Answers -
Management
service based economy = - Answers -slower growth in productivity
Services make up what percent of the U.S. economy? - Answers -64%
Service sector investment in software and R&D - Answers -has now surpassed 4% of
GDP
Productivity increases when - Answers -inputs decrease while outputs remain the
same.
The ratio of all resources to the goods and services produced is referred as - Answers -
the multi factor productivity
What is the goal for mass customization? - Answers -the goal is to produce customized
products, whenever and wherever needed
Low-volume, high-variety production is best suited for which of the following process
strategies? - Answers -Process focus
High-volume, low-variety production is best suited for which of the following process
strategies? - Answers -product focus
A process focused facility is - Answers -a production facility organized around specific
activities.
multi-factor (total factor) productivity - Answers -=
output/labor+material+energy+capital+Misc
What is OM? - Answers -Operations Management
Creation of value-products (goods and services)
by transforming inputs into outputs (products)
Labor contributes about ____ % of annual increase - Answers -10%
Capital contributes about ____ % of annual increase - Answers -38%
management contributes about ____ % of annual increase - Answers -52%
Which factor contributes the most to productivity improvement? - Answers -
Management
service based economy = - Answers -slower growth in productivity
Services make up what percent of the U.S. economy? - Answers -64%
Service sector investment in software and R&D - Answers -has now surpassed 4% of
GDP
Productivity increases when - Answers -inputs decrease while outputs remain the
same.
The ratio of all resources to the goods and services produced is referred as - Answers -
the multi factor productivity
What is the goal for mass customization? - Answers -the goal is to produce customized
products, whenever and wherever needed
Low-volume, high-variety production is best suited for which of the following process
strategies? - Answers -Process focus
High-volume, low-variety production is best suited for which of the following process
strategies? - Answers -product focus
A process focused facility is - Answers -a production facility organized around specific
activities.
