UCF MAR3203 EXAM 1 QUESTIONS
AND ANSWERS
Operation Management - Correct Answers -uses resources to appropriately create
outputs that fulfill defined markets requirements
Supply Chain - Correct Answers -Raw Materials to Manufacturers to transportation to
wholesalers to retailers
Quality based strategy - Correct Answers -strategy that focuses on quality in all phases
of an organization
Time based strategy - Correct Answers -Strategy that focus on the reduction of time
needed to accomplish tasks
Differentiation - Correct Answers -what sets companies apart
Value Proposition - Correct Answers -Quality, Timeliness, Cost, and Service
Quality - Correct Answers -performance, features, conformance, reliability, durability
Timeliness - Correct Answers -reliability, speed, availability
Cost - Correct Answers -price, transaction costs, maintenance, repair, operating cost,
salvage, disposal
Independent demand - Correct Answers -the demand for final products and has a
demand pattern affected by treads, seasonal patterns, and general market conditions
Dependent demand - Correct Answers -the internal demand for parts based on the
demand of the final product
Deterministic demand - Correct Answers -when uncertainty is not included in its
characteristics
Service - Correct Answers -response, communication
Productivity - Correct Answers -outputs produced/inputs used
AND ANSWERS
Operation Management - Correct Answers -uses resources to appropriately create
outputs that fulfill defined markets requirements
Supply Chain - Correct Answers -Raw Materials to Manufacturers to transportation to
wholesalers to retailers
Quality based strategy - Correct Answers -strategy that focuses on quality in all phases
of an organization
Time based strategy - Correct Answers -Strategy that focus on the reduction of time
needed to accomplish tasks
Differentiation - Correct Answers -what sets companies apart
Value Proposition - Correct Answers -Quality, Timeliness, Cost, and Service
Quality - Correct Answers -performance, features, conformance, reliability, durability
Timeliness - Correct Answers -reliability, speed, availability
Cost - Correct Answers -price, transaction costs, maintenance, repair, operating cost,
salvage, disposal
Independent demand - Correct Answers -the demand for final products and has a
demand pattern affected by treads, seasonal patterns, and general market conditions
Dependent demand - Correct Answers -the internal demand for parts based on the
demand of the final product
Deterministic demand - Correct Answers -when uncertainty is not included in its
characteristics
Service - Correct Answers -response, communication
Productivity - Correct Answers -outputs produced/inputs used
