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Test Bank for Operations and Supply Chain Management, 16th Edition by F. Robert Jacobs and Richard Chase Chapters 1 - 22 | Complete

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Test Bank for Operations and Supply Chain Management, 16th Edition by F. Robert Jacobs and Richard Chase Chapters 1 - 22 | Complete TABLE OF CONTENTS Chapter 1: Introduction Chapter 2: Strategy Chapter 3: Design of Products and Services Chapter 4: Projects Chapter 5: Strategic Capacity Management Chapter 6: Learning Curves Chapter 7: Manufacturing Processes Chapter 8: Facility Layout Chapter 9: Service Processes Chapter 10: Waiting Line Analysis and Simulation Chapter 11: Process Design and Analysis Chapter 12: Quality Management Chapter 13: Statistical Quality Control Chapter 14: Lean Supply Chains Chapter 15: Logistics and Distribution Management Chapter 16: Global Sourcing and Procurement Chapter 17: The Internet of Things and ERP Chapter 18: Forecasting Chapter 19: Sales and Operations Planning Chapter 20: Inventory Management Chapter 21: Material Requirements Planning Chapter 22: Workcenter Scheduling Chapter 01 Efficiency means doing the right thingsto create the most value for the company. FALSE Efficiency means doing something at the lowest possible cost. 1. Effectiveness means doing the right thingsto create the most value for the company. TRUE Effectiveness means doing the right things to create the most value for the company. AACSB: Analytical Thinking Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-04 Evaluate the efficiency of a firm. Topic: Efficiency, Effectiveness, and Value

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TEST BANK
Operations and Supply Chain Management, 16th Edition
by F. Robert Jacobs and Richard Chase
Chapters 1 - 22 | Complete

, TABLE OF CONTENTS
Chapter 1: Introduction

Chapter 2: Strategy

Chapter 3: Design of Products and Services

Chapter 4: Projects

Chapter 5: Strategic Capacity Management

Chapter 6: Learning Curves

Chapter 7: Manufacturing Processes Chapter

8: Facility Layout

Chapter 9: Service Processes

Chapter 10: Waiting Line Analysis and Simulation

Chapter 11: Process Design and Analysis

Chapter 12: Quality Management Chapter

13: Statistical Quality Control Chapter 14:

Lean Supply Chains

Chapter 15: Logistics and Distribution Management

Chapter 16: Global Sourcing and Procurement

Chapter 17: The Internet of Things and ERP Chapter

18: Forecasting

Chapter 19: Sales and Operations Planning

Chapter 20: Inventory Management

Chapter 21: Material Requirements Planning Chapter

22: Workcenter Scheduling

,Chapter 01
Efficiency means doing the right things to create the most value for the company.

FALSE

Efficiency means doing something at the lowest possible cost.

1. Effectiveness means doing the right things to create the most value for the company.

TRUE

Effectiveness means doing the right things to create the most value for the company.

AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value


2. A doctor completes a surgical procedure on a patient without error. The patient dies anyway. In operations management terms,
we could refer to this doctor as being efficient but not effective.

TRUE

Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value.
The doctor performed the surgery without error. Because the patient died, no value was created.

AACSB: Analytical Thinking
Blooms: Analyze
Difficulty: 2 Medium
Learning Objective: 01-04 Evaluate the efficiency of a firm.
Topic: Efficiency, Effectiveness, and Value


3. A worker fcan fbe fefficient fwithout fbeing feffective.

TRUE

Efficiency fmeans fdoing fsomething fat fthe flowest fpossible fcost. fEffectiveness fmeans fdoing fthe fright fthings fto fcreate fthe fmost
fvalue. f These fare fdifferent fthings.

AACSB: fAnalytical fThinking
f Blooms:
fUnderstand
f Difficulty: f2
fMedium
Learning fObjective: f01-04 fEvaluate fthe fefficiency fof fa
ffirm. f Topic: fEfficiency, fEffectiveness,
fand fValue

, 4. A fprocess fcan fbe feffective fwithout fbeing fefficient.

TRUE

Often, fmaximizing feffectiveness fand fefficiency fat fthe fsame ftime fcreates fconflict fbetween fthe ftwo fgoals. f"Being fefficient" fat
f the f customer fservice fcounter fat fa flocal fstore for fbank fmeans fusing fthe ffewest fnumber fof fclerks fpossible fat fthe fcounter.
fBeing feffective, f though, fmeans fminimizing fthe famount fof ftime fcustomers fneed fto fwait fin fline.

AACSB: fAnalytical fThinking
f Blooms:
fUnderstand
f Difficulty: f2
fMedium
Learning fObjective: f01-04 fEvaluate fthe fefficiency fof fa
ffirm. f Topic: fEfficiency, fEffectiveness,
fand fValue


5. Operations fand fsupply fchain fmanagement fis fdefined fas fthe fdesign, foperation, fand fimprovement fof fthe fsystems fthat
fcreate fand f deliver fthe ffirm's fprimary fproducts fand fservices.


TRUE

Operations fand fsupply fchain fmanagement fis fdefined fas fthe fdesign, foperation, fand fimprovement fof fthe fsystems fthat fcreate
fand fdeliver f the ffirm's fprimary fproducts fand fservices.

AACSB: fAnalytical fThinking
Blooms:
fRemember
f Difficulty: f1
fEasy
Learning fObjective: f01-01 fIdentify fthe felements fof foperations fand fsupply fchain fmanagement. f(OSCM)
Topic: fWhat fIs fOperations fand fSupply fChain fManagement?


6. The fterm f"value" frefers fto fthe frelationship fbetween fquality fand fthe fprice fpaid fby fthe fconsumer.

TRUE

Related fto fefficiency fand feffectiveness fis fthe fconcept fof fvalue, fwhich fcan fbe fmetaphorically fdefined fas fquality fdivided fby fprice.

AACSB: fAnalytical fThinking
Blooms:
fRemember
f Difficulty: f1
fEasy
Learning fObjective: f01-04 fEvaluate fthe fefficiency fof fa
ffirm. f Topic: fEfficiency, fEffectiveness,
fand fValue


7. Attempting fto fbalance fthe fdesire fto fefficiently fuse fresources fwhile fproviding fa fhighly feffective fservice fmay fcreate fconflict
f between f the ftwo fgoals.


TRUE

Often fmaximizing feffectiveness fand fefficiency fat fthe fsame ftime fcreates fconflict fbetween fthe ftwo fgoals.

AACSB: fAnalytical fThinking
Blooms:
fAnalyze
f Difficulty: f1
fEasy
Learning fObjective: f01-04 fEvaluate fthe fefficiency fof fa
ffirm. f Topic: fEfficiency, fEffectiveness,
fand fValue

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