Introduction to Operations Management

Introduction to Operations Management

University

20 Qs

quiz-placeholder

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Introduction to Operations Management

Introduction to Operations Management

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Ali Farrukh

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1)     "Who are the customers?" is a key question in operations management.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1)     A firm must make trade-offs because no single company can excel at everything.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1)     Reducing inefficiencies will increase a firm’s profitability.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firm A Pareto dominates firm B" means that firm A’s product or service is inferior to that of firm B on all dimensions of the customer utility function.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1)     Consumption utility is composed of price and convenience.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1)     The many flavors of ice-cream offered by ice-cream parlors are reflective of the _________ of today’s customers.

A)    bargaining power

B)     homogeneous preferences

C)     heterogeneous preferences

D)    knowledge base

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1)     Which dimension of the customer utility function is emphasized with a restaurant’s slogan, "Eat Fresh"?

Timing

Location

Performance

Fit

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