OM 300 Exam 1 Chilcutt | The University of Alabama | UPDATED
Questions with 100% Verified Answers
Question: Which of the following is NOT considered to be one of the three primary functions that all
organizations■ perform? A.marketing B. finance/accounting C. research and development D.
■production/operations
Answer:
C. Research and Development
Question: Which of the following activities at a commercial bank is NOT an operations■ activity? A. auditing
B. maintenance C. check clearing D. security
Answer:
A. Auditing
Question: A global network of organizations and activities that supply a firm with goods and services is
referred to as A. a supply chain. B. production. C. business functions. D. operations management.
Answer:
A. A supply chain
Question: Competition in the 21st century is no longer between■ companies; it is between A. supply chains
B.individuals. C. technologies. D. countries.
Answer:
A. Supply chains
Question: In■ general, the supply chain starts with A. a distributor. B. the provider of basic raw materials. C.
research and development. D. final customers at the retail store.
Answer:
B. the provider of basic raw materials
Question: A large percentage of the revenue of most firms is spent on which■ function? A. finance B.
operations C. research and development D. marketing
Answer:
B. operations
Question: Productivity increases when A. inputs and outputs increase proportionately. B. outputs decrease
while inputs remain the same. C. inputs decrease while outputs remain the same. D. inputs increase while
outputs remain the same.
, Answer:
C. inputs decrease while outputs remain the same
Question: The economic activities that typically produce an intangible product are referred to as A. services.
Answer:
A. Services
Question: B. products.
Answer:
Question: C. goods.
Answer:
Question: D. phantoms.
Answer:
Question: Which of the following is NOT one of the three strategic approaches to competitive■ advantage? A.
innovation
Answer:
A. innovation
Question: B. cost leadership
Answer:
Question: C. response
Answer:
Question: D. differentiation
Answer:
Question: The creation of a unique advantage over competitors is referred as A. response. B. experience
differentiation. C. competitive advantage. D. differentiation.
Answer:
C. competitive advantage
Question: SWOT analysis refers to A. strengths, opponents,■ weaknesses, and threats. B. ■support,
opportunities,■ weaknesses, and threats. C. support, opponents,■ weaknesses, and threats. D. strengths,
opportunities,■ weaknesses, and threats.
Questions with 100% Verified Answers
Question: Which of the following is NOT considered to be one of the three primary functions that all
organizations■ perform? A.marketing B. finance/accounting C. research and development D.
■production/operations
Answer:
C. Research and Development
Question: Which of the following activities at a commercial bank is NOT an operations■ activity? A. auditing
B. maintenance C. check clearing D. security
Answer:
A. Auditing
Question: A global network of organizations and activities that supply a firm with goods and services is
referred to as A. a supply chain. B. production. C. business functions. D. operations management.
Answer:
A. A supply chain
Question: Competition in the 21st century is no longer between■ companies; it is between A. supply chains
B.individuals. C. technologies. D. countries.
Answer:
A. Supply chains
Question: In■ general, the supply chain starts with A. a distributor. B. the provider of basic raw materials. C.
research and development. D. final customers at the retail store.
Answer:
B. the provider of basic raw materials
Question: A large percentage of the revenue of most firms is spent on which■ function? A. finance B.
operations C. research and development D. marketing
Answer:
B. operations
Question: Productivity increases when A. inputs and outputs increase proportionately. B. outputs decrease
while inputs remain the same. C. inputs decrease while outputs remain the same. D. inputs increase while
outputs remain the same.
, Answer:
C. inputs decrease while outputs remain the same
Question: The economic activities that typically produce an intangible product are referred to as A. services.
Answer:
A. Services
Question: B. products.
Answer:
Question: C. goods.
Answer:
Question: D. phantoms.
Answer:
Question: Which of the following is NOT one of the three strategic approaches to competitive■ advantage? A.
innovation
Answer:
A. innovation
Question: B. cost leadership
Answer:
Question: C. response
Answer:
Question: D. differentiation
Answer:
Question: The creation of a unique advantage over competitors is referred as A. response. B. experience
differentiation. C. competitive advantage. D. differentiation.
Answer:
C. competitive advantage
Question: SWOT analysis refers to A. strengths, opponents,■ weaknesses, and threats. B. ■support,
opportunities,■ weaknesses, and threats. C. support, opponents,■ weaknesses, and threats. D. strengths,
opportunities,■ weaknesses, and threats.
