1
OM 300 Exam 1 Chilcutt Questions with
Answers (100% 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 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 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. Answer: A. A supply chain
Competition in the 21st century is no longer between companies; it is between
A. supply chains
, 2
B.individuals.
C. technologies.
D. countries. 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. 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
C. research and development
D. marketing Answer: B. operations
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
The economic activities that typically produce an intangible product are
referred to as
OM 300 Exam 1 Chilcutt Questions with
Answers (100% 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 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 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. Answer: A. A supply chain
Competition in the 21st century is no longer between companies; it is between
A. supply chains
, 2
B.individuals.
C. technologies.
D. countries. 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. 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
C. research and development
D. marketing Answer: B. operations
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
The economic activities that typically produce an intangible product are
referred to as
