Reference Notes for Management
A) Layout is one of the key decisions that determines the long-run efficiency of operations.
B) To obtain flexibility in layout, operations managers could keep investments high.
C) Layout designs need to be viewed as dynamic because of our increasingly short-life-cycle and mass-customized world.
D) An effective layout can help an organization achieve a strategy that supports differentiation, low cost, or response.
The most realistic estimate of the time required to complete an activity is referred to as what? Options: A) slack time B) pessimistic time C) optimistic time D) most likely time [bg_collapse_level2 view=”button-orange” color=”#4a4949″ expand_text=”Show Answer ” collapse_text=”Hide Answer” ] The Correct Answer is option D) most likely time [/bg_collapse_level2] Answer Explanation … Read more
A) Catering
B) Crew Scheduling
C) Flying
D) Sales
The Correct Answer for the given question is option D) Sales
A) scheduling
B) managing quality
C) layout strategies
D) marketing
The Correct Answer for the given question is option D) marketing
Marketing is not considered as strategic in decisions because it is not a core function of the business. The core functions of the business are production, finance, and accounting. Marketing is considered to be a support function that helps to promote and sell the products or services of the company. Marketing is important in creating brand awareness and setting product price points, but it is not considered to be a strategic decision-making process.
a) auditing
b) security
c) check clearing
d) maintenance
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The Correct Answer is option a) auditing
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Which of the following best defines scheduling? Options: a) determines and implements intermediate-and short-term schedules that effectively and efficiently utilize personnel while meeting customer demands b) determines and implements intermediate- and short-term schedules that effectively and efficiently utilize bother personnel and facilities while meeting customer demands. c) determines and implements long-and short-term schedules that effectively … Read more
What is a system for ordering items that have little or no value at the end of a sales period? Options :Â a) EOQ b) ROP c) single-period inventory model d) production order quantity model Answer Explanation Single Period Inventory Model A business scenario faced by companies that order seasonal or one-time items … Read more
a) Work-in-process
b) MRP
c) Raw material
d) Finished goods
Which of the following is not one of the four reasons that we study om? Options: A) we want to know how goods and services are produced B) it is one of the three major functions of any organization C) we want to understand what marketing managers do D) it is such a costly part … Read more
A) producing a computer
B) manufacturing a television
C) assembling a motorcycle
D) transplanting a liver
Which of the following will be accomplished by efficient allocations of the factors of production? Options :Â a) ensuring economic profitability b) understanding whether a product will fail c) fulfilling many needs and wants of society d) replenishment of limited resources [bg_collapse_level2 view=”button-orange” color=”#4a4949″ expand_text=”Show Answer ” collapse_text=”Hide Answer” ] The correct answer is Option … Read more
VSM | Why Value Stream Mapping (VSM) is important? | Operations Management Value Stream Mapping (VSM) is one of the very important tools for lean manufacturing that helps to map the flow of the process (how products and information flows) from the suppliers to the customers along with the identification of the activities or processes … Read more