Management Notes

Reference Notes for Management

Which choice best describes level scheduling? 

Which choice best describes level scheduling? 

Which choice best describes level scheduling? 

A. Daily production is variable from period to period.
B. Subcontracting, hiring, and layoffs manipulate supply.
C. Price points are calculated to match demand to capacity.
D. Inventory goes up or down to buffer the difference between demand and production.
E. Overtime is used to handle seasonal demand fluctuations.

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Which of the following is not among the ethical and social challenges facing operations managers?

Which of the following is not among the ethical and social challenges facing operations managers?

Which of the following is not among the ethical and social challenges facing operations managers?

A. honoring stakeholder commitments
B. training, retaining, and motivating employees
C. efficiently developing and producing safe high-quality green products
D. increasing executive pay
E. providing a safe workplace

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For which corporate strategy(ies) should supply chain inventory be minimized?

For which corporate strategy(ies) should supply chain inventory be minimized?

For which corporate strategy(ies) should supply chain inventory be minimized?

A. low cost
B. response
C. differentiation
D. low cost and response
E. low cost and differentiation

The Correct Answer is

 E. low cost and differentiation

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What is a scatterplot and how does it help us?

What is a scatterplot and how does it help us?

What is a scatterplot and how does it help us?

A) A scatterplot is a formula that fits a straight line to data points, which helps plot the data.
B) A scatterplot is a graph of paired (x, y) quantitative data. It provides a visual image of the data plotted as points, which helps show any patterns in the data.
C) A scatterplot is a table of paired (x, y) quantitative data sorted from least to greatest, which helps show the range of the data.
D) A scatterplot is a graph of paired (x, y) qualitative data. It provides an organized display of the data, which helps show patterns in the data.

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