Organizations have their own Mission so it knows where it is going and a strategy so it knows how to get there.

• True

• False

A Strategy is the rationale for an organization's existence.

• True

• False

In Forecasting, there is one superior method. What works best in one firm works for all other organizations in the same department.

• True

• False

Goods and services selection have less bearing in achieving competitive advantage.

• True

• False

Process Design is one area of Operations Management that deals with Supply Network, Layout and flow, Job Design, Product / Service Design and Process Technology.

• True

• False

Design of products and design of processes are two different things and must be treated separately.

• True

• False

Process Strategies has long term effects on costs and quality.

• True

• False

Product strategy is an organizational approach to transforming resources into goods and services and finding the ways on how to produce so as not to waste our planet's resources.

• True

• False

Process Focus is a product oriented production process that uses modules.

• True

• False

Capacity Decisions help companies to determine capital requirements and whether demand will be satisfied or facilities will be idle.

• True

• False