Intro to Operations Management

Every work requires operations.

• True

• False

Supply is the set of products or services a business offers to its customers.

• True

• False

Which of these vehicles is NOT on the efficient frontier?

• V1

• V2

• V3

• V4

Choose right answer from the following:

• V2 is Pareto dominated by V1

• V4 is Pareto dominated by V2

• V2 is Pareto dominated by V4

• V3 is Pareto dominated by V1

Choose right answer from the following:

• H1

• H2

• H3

• H4

Choose the right option

• H1

• H2

• H3

• H4

Which option is right out of the following:

• H3 is Pareto dominated by H2

• H2 is Pareto dominated by H3

• H1 is Pareto dominated by H4

• H4 is Pareto dominated by H1

   A pizza delivery service attempts to appeal to the_________component or subcomponent of the customer utility function.

• Price

• Timing

• Location

• Performance

  Jerry is very frugal and always purchases the least expensive items whenever he goes to the store. Which dimension of the customer utility function seems to be most important to Jerry?

• Performance

• Timing

• Price

• Location

A firm that offers tailor-made suits to its customers is appealing to the _________ dimension of the customer utility function.

• Timing

• Location

• Performance

• Fit