WorksheetsOperations Management (Week # 3 Review Quiz)
Total questions: 8
Worksheet time: 5mins
Name
Class
Date
1.
How effectively an organization meets the wants and needs of customers relative to others that offer similar goods or services. This statement best describes?
a)
Strategic Planning
b)
Product and Service Quality
c)
Competitiveness
d)
Productivity
2.
The managerial process that determines a strategy for an organization is termed as?
a)
Key Purchasing Criteria
b)
Quality based strategy
c)
Strategic Planning
d)
Time- based strategy
3.
Sony emphasizes on low cost as one of its competitive priorities. True or False
a)
True
b)
False
4.
The following are reasons why most organizations fail except?
a)
Too much emphasis in product and service design and not enough on improvement
b)
Failing to take advantage of strengths and opportunities
c)
Too much emphasis on short-term financial performance
d)
Recognizing competitive threats
5.
The upper limit on the workload that an operating unit can handle. It is usually measured as maximum production rate or throughput. Alternatively, a major input is used, e.g., size. This best describes...
a)
Efficiency
b)
Productivity
c)
Utilization
d)
Capacity
6.
Capacity can affect competitiveness. If a company has excess capacity, or can quickly add capacity, that fact may serve as a barrier to entry of other companies. Then, capacity can affect delivery speed, which can be a competitive advantage. True or False
a)
True
b)
False
7.
Productivity measures the effective use of resources, usually expressed as the ratio of output to input. Productivity ratio can be computed for a worker, a department, an organization and a country. True or False
a)
True
b)
False
8.
The management of a large bakery is contemplating making pies, which will require leasing a new equipment for a monthly cost of $6,000. Variable cost will be $2.00 per pie and retail price will be $7.00 each.
1. How many pies must be sold per month in order to break even?
1. How many pies must be sold per month in order to break even?
a)
2,110 pies/month
b)
1,200 pies/month
c)
2,100 pies/month
d)
1,210 pies/month
100 %
