MISHOPI: Operations Management

It describes all the activities managers do to help companies create goods.

• Production

• Production Management

• Operations Management

• Transformation Process

Which is an example of Inputs?

• Satisfied Customers

• Health Care

• Hungry Customers, food, wait staff

• None of the Above

It is the creation of goods and services using the factors of production: land, labor, capital, entrepreneurship and knowledge.

• Production

• Production Management

• Operations Management

• Transformation Process

It enables users to view details, and details of details, of information.

• What-if Analysis

• Goal-seeking Analysis

• Consolidation

• Drill Down

It is the management of systems and processes that convert or transform resources into goods and services.

• Production

• Production Management

• Operations Management

• Transformation Process

It checks on the impact of a change in a vriable or assumption on a business model.

• What-if Analysis

• Goal-seeking Analysis

• Consolidation

• Drill Down

Which of the following are the Competitive Priorities of OM?

• Cost, Quality, Delivery, Flexibility, Service

• Strategic Planning, Tactical Planning, Operational Planning and Control

• Input, Transfomation, Outputs, Control

• None of the Above

This is the aggregation of data from simple roll-ups to complex groupings of interrelated information.

• What-if Analysis

• Goal-seeking Analysis

• Consolidation

• Drill Down

Which is an example of Transformation?

• Satisfied Customers

• Well-prepared food, well served; agreeable environment

• Hungry Customers, food, wait staff

• None of the Above

It finds the inputs necessary to achieve a goal such as a desired level of output. it is the reverse of what-if analysis.

• What-if Analysis

• Goal-seeking Analysis

• Consolidation

• Drill Down