Management Notes

Reference Notes for Management

Which of the following has progressed the furthest along its product life cycle?

Which of the following has progressed the furthest along its product life cycle

Which of the following has progressed the furthest along its product life cycle?

 Options:

A. drive-through restaurants
B. Boeing 787
C. iPods
D. 3-D game players
E. Xbox 360

The Correct Answer Is:

  • A. drive-through restaurants

Read more

The payoff of doing a thorough swot analysis is

Looking for the answer to the question below related to Management? The payoff of doing a thorough swot analysis is  Options: A. identifying whether the company’s value chain is cost-effective vis-à-vis the value chains of rivals. B. helping strategy-makers benchmark the company’s resource strengths against industry key success factors. C. enabling a company to assess … Read more

Strategic offensives should, as a general rule, be based on

Strategic offensives should, as a general rule, be based on

Strategic offensives should, as a general rule, be based on

 Options:

A. exploiting a company’s strongest competitive assets—its most valuable resources and capabilities.
B. instigating and executing the chosen strategy efficiently and effectively.
C. scoping and scaling an organization’s internal and external situation.
D. molding an organization’s character and identity.
E. satisfying the buyer’s needs that the company seeks to meet.

The Correct Answer Is:

A. exploiting a company’s strongest competitive assets its most valuable resources and capabilities.

Read more

What is the primary purpose of the basic economic order quantity model shown below?

What is the primary purpose of the basic economic order quantity model shown below?

What is the primary purpose of the basic economic order quantity model shown below?

 Options:

A. to calculate the reorder point, so that replenishments take place at the proper time
B. to minimize the sum of carrying cost and holding cost
C. to maximize the customer service level
D. to minimize the sum of setup cost and holding cost
E. to calculate the optimum safety stock

The Correct Answer Is:

D. to minimize the sum of setup cost and holding cost

Read more

______ occurs when we form an impression of an individual based on a single trait.

______ occurs when we form an impression of an individual based on a single trait.

Looking for the answer to the question below related to Management?

______ occurs when we form an impression of an individual based on a single trait.

 Options:

A. The recency effect
B. A self-fulfilling prophecy
C. Fundamental attribution error
D. Self-serving bias
E. The halo effect

The Correct Answer Is:

  • E. The halo effect

Read more

Which of the following is an aid used to monitor jobs in progress?

Which of the following is an aid used to monitor jobs in progress?

Which of the following is an aid used to monitor jobs in progress?

 Options:

A. a Gantt load chart
B. the assignment method
C. a Gantt schedule chart
D. Johnson’s rule
E. a Gantt progress chart

The Correct Answer Is:

C. a Gantt schedule chart

Read more

Aggregate planning for service firms that provide intangible output deals mainly with:

Aggregate planning for service firms that provide intangible output deals mainly with:

Aggregate planning for service firms that provide intangible output deals mainly with:

 Options:

A. smoothing the production rate and finding the optimal size of the workforce.
B. capital investment decisions.
C. centralized purchasing.
D. centralized production.
E. planning for human resource requirements and managing demand

The Correct Answer Is:

E. planning for human resource requirements and managing demand

Read more

All of the following are assumptions of the industrial organization (i/o) model except

All of the following are assumptions of the industrial organization (i/o) model except

All of the following are assumptions of the industrial organization (i/o) model except

 Options:

A. organizational decision makers are rational and committed to acting in the firm’s best interests.
B. resources to implement strategies are firm-specific and attached to firms over the long-term.
C. the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.
D. firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.

The Correct Answer Is:

B. resources to implement strategies are firm-specific and attached to firms over the long-term.

Read more

Which of the following statements about abc analysis is false?

Looking for the answer to the question below related to Management? Which of the following statements about abc analysis is false?  Options: A. ABC analysis is based on the presumption that controlling the few most important items produces the vast majority of inventory savings. B. In ABC analysis, “A” items should have tighter physical inventory … Read more

Which of these statements about the production order quantity model is false?

Looking for the answer to the question below related to Management? Which of these statements about the production order quantity model is false?  Options: A. The production order quantity model is appropriate when the assumptions of the basic EOQ model are met, except that receipt is no instantaneous. B. Because receipt is non-instantaneous, some units … Read more