OM 300 Exam 1 Chilcutt UPDATED QUESTIONS AND CORRECT ANSWERS

OM 300 Exam 1 Chilcutt UPDATED
QUESTIONS AND CORRECT ANSWERS
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 - CORRECT ANSWER C. Research and Development



Which of the following activities at a commercial bank is NOT an operations activity?



A. auditing



B. maintenance



C. check clearing



D. security - CORRECT ANSWER A. Auditing



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. - CORRECT ANSWER A. A supply chain



Competition in the 21st century is no longer between companies; it is between



A. supply chains



B.individuals.



C. technologies.



D. countries. - CORRECT ANSWER A. Supply chains



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. - CORRECT ANSWER B. the provider of basic raw
materials



A large percentage of the revenue of most firms is spent on which function?



A. finance



B. operations