Management Notes

Reference Notes for Management

Administrative oversight given to self-managed teams does not typically include _____.

Administrative oversight given to self-managed teams does not typically include _____.

Administrative oversight given to self-managed teams does not typically include _____.

 Options:

A. planning
B. scheduling work
C. staffing
D. monitoring performance
E. initiating change

The Correct Answer Is:

  • E. initiating change

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New developments in methods for transforming resources into goods or services are _____ forces.

New developments in methods for transforming resources into goods or services are _____ forces.

New developments in methods for transforming resources into goods or services are _____ forces.

 Options:

A. sociocultural
B. technological
C. demographic
D. political-legal
E. media

The Correct Answer Is:

  • B. technological

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In recent years, the speedy flow of information through technology has

In recent years, the speedy flow of information through technology has

In recent years, the speedy flow of information through technology has

 Options:

A. made it harder for people worldwide to see how others work and live.
B. strengthened national boundaries and made countries more self-contained.
C. created a borderless world with global competitors, customers, and citizens.
D. ensured that the U.S. is unrivaled by other companies in all industries.
E. made the real flow of financial activity align with political boundaries between countries.

The Correct Answer Is:

C. created a borderless world with global competitors, customers, and citizens.

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Which of the following intelligence-gathering techniques is most likely to be legal and ethical?

Which of the following intelligence-gathering techniques is most likely to be legal and ethical?

Which of the following intelligence-gathering techniques is most likely to be legal and ethical?

 Options:

A. hiring investigators to examine the competitor’s trash
B. entering a competitor’s production plant without authorization
C. redirecting a competitor’s emails to one’s own company
D. attending trade show presentations given by a competitor’s employees

The Correct Answer Is:

D. attending trade show presentations given by a competitor’s employees

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Techniques for building employee empowerment include:

Techniques for building employee empowerment include:

Techniques for building employee empowerment include:

 Options:

A. building communication networks that include employees.
B. developing open, supportive supervisors.
C. moving responsibility from both managers and staff to production employees.
D. building high-morale organizations.
E. All of the above are techniques for employee empowerment.

The Correct Answer Is:

E. All of the above are techniques for employee empowerment.

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The main trait of a single-period model is that:

The main trait of a single-period model is that:

The main trait of a single-period model is that:

 Options:

A. inventory has limited value after a certain period of time.
B. it has the largest EOQ sizes.
C. the order quantity should usually equal the expected value of demand.
D. supply is limited.
E. the cost of a shortage cannot be determined accurately.

The Correct Answer Is:

A. inventory has limited value after a certain period of time.

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Which of the following is a limitation of rules-based dispatching systems?

Which of the following is a limitation of rules-based dispatching systems?

Which of the following is a limitation of rules-based dispatching systems?

 Options:

A. Rules need to be revised to adjust to changes in orders, product mix, and so forth.
B. Rules may not recognize idle resources.
C. Rules may not recognize bottleneck resources
D. Rules may not be able to prioritize two jobs with identical due dates.
E. All of the above are limitations.

The Correct Answer Is:

E. All of the above are limitations.

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Market commonality can be defined as

Market commonality can be defined as

Market commonality can be defined as

 Options:

A. the number and significance of markets that a firm competes in with rivals.
B. the number and significance of points in common a firm has with its rivals.
C. the extent to which the type of a firm’s internal resources are comparable to a rival.
D. the extent to which the amount of a firm’s internal resources are comparable to a rival.
E. none of the above

The Correct Answer Is:

A. the number and significance of markets that a firm competes in with rivals.

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Which of the following does not represent a valid reason for globalizing operations?

Looking for the answer to the question below related to Management?   Which of the following does not represent a valid reason for globalizing operations?  Options: A. reduce costs B. improve the supply chain C. reduce responsiveness D. attract and retain global talent E. understand markets   The Correct Answer Is: C. reduce responsiveness   … Read more

Which one of the following statements is true regarding jit inventory?

Which one of the following statements is true regarding jit inventory?

Which one of the following statements is true regarding jit inventory?

 Options:

A. It exists just in case something goes wrong.
B. It is the minimum inventory necessary to keep a perfect system running.
C. It hides variability.
D. It is minimized with large lot production.
E. It increases if setup costs decrease.

The Correct Answer Is:

B. It is the minimum inventory necessary to keep a perfect system running.

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The statistical thinking underlying six sigma is based on the following three principles

Looking for the answer to the question below related to Management?   The statistical thinking underlying six sigma is based on the following three principles  Options: A. All activities can be controlled, employee empowerment is the best control tool, and 100% control is possible. B. All work is a process, all processes have variability, and … Read more

Which of these is among the demand options of aggregate planning?

Which of these is among the demand options of aggregate planning

Which of these is among the demand options of aggregate planning?

 Options:

A. Subcontracting
B. back-ordering during high-demand periods
C. changing inventory levels
D. varying workforce size

The Correct Answer Is:

  • B. back-ordering during high-demand periods

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