Management Notes

Reference Notes for Management

Which of the following products is likely to be assembled on a repetitive process line

Which of the following products is likely to be assembled on a repetitive process line

Which of the following products is likely to be assembled on a repetitive process line

 Options:

A. automobiles
B. custom personal computers
C. custom cakes
D. steel
E. beer

The Correct Answer Is:

  • A. automobiles

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In the strategic management process asp stands for

In the strategic management process asp stands for

In the strategic management process asp stands for

 Options:

A. analyses, successes, and purposes.
B. analyses, strategies, and performance.
C. ability, strategies, and purposes.
D. ability, successes, and performance.

The Correct Answer Is:

  • B. analyses, strategies, and performance.

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Erp has all the following advantages except

Erp has all the following advantages except

Erp has all the following advantages except

 Options:

A. Modules throughout a corporation can communicate with each other
B. While purchasing is difficult, the vendors such as SAP make it worthwhile due to easy implementation
C. Have predefined software that represents “pretty good practices” or even “best practices”
D. Enables standardized procedures in an organization
E. Reduces inconsistent data stored in various locations of the organization

The Correct Answer Is:

B. While purchasing is difficult, the vendors such as SAP make it worthwhile due to easy implementation

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The total of all outputs produced by the transformation process

The total of all outputs produced by the transformation process

The total of all outputs produced by the transformation process

 Options:

A. utilization.
B. greater in manufacturing than in services.
C. defined only for manufacturing firms.
D. multifactor productivity.
E. single-factor productivity.

The Correct Answer Is:

  • D. multifactor productivity.

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Firms with few competitive resources are more likely to

Firms with few competitive resources are more likely to

Firms with few competitive resources are more likely to

 Options:

A. not respond to competitive actions.
B. respond quickly to competitive actions.
C. delay responding to competitive actions.
D. respond to strategic actions, but not to tactical actions.

The Correct Answer Is:

C. delay responding to competitive actions.

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Which of the following would most likely fall under the scope of only an operations manager

Which of the following would most likely fall under the scope of only an operations manager

Which of the following would most likely fall under the scope of only an operations manager

 Options:

A. research and development
B. new product plans
C. capital investments
D. facility location/capacity
E. setting inventory levels

The Correct Answer Is:

E. setting inventory levels

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Jit makes quality less expensive because __________.

Jit makes quality less expensive because __________.

Jit makes quality less expensive because __________.

 Options:

A. the cost of low quality can be hidden as inventory cost.
B. JIT adds more buffers to the system.
C. JIT prevents long runs of defects.
D. B and C
E. A, B and C

The Correct Answer Is:

C. JIT prevents long runs of defects.

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If a factory wants to cut its current lot size in half, by what proportion must setup cost change?

If a factory wants to cut its current lot size in half, by what proportion must setup cost change?

If a factory wants to cut its current lot size in half, by what proportion must setup cost change?

 Options:

A. Setup cost must be cut to one fourth its current value.
B. Setup cost must also be cut in half from its current value.
C. Setup cost must double from its current value.
D. Cannot be determined.
E. Setup cost must quadruple from its current value.

The Correct Answer Is:

A. Setup cost must be cut to one fourth its current value.

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A company’s resource weaknesses can relate to

A company's resource weaknesses can relate to

A company’s resource weaknesses can relate to

 Options:

A. inferior or unproven skills, expertise, or intellectual capital in competitively important parts of the business.
B. something that it lacks or does poorly in comparison to rivals.
C. deficiencies in competitively important physical, organizational, or intangible assets.
D. missing or competitively inferior capabilities in key areas.
E. All of these.

The Correct Answer Is:

E. All of these.

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