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WorksheetsOMTQM Midterm Exam (30 POINTS)
Total questions: 26
Worksheet time: 18mins
Operation means the actions and decisions made by participants and members of a business that affect the production, distribution, service, management, etc. needed for a company to function that requires the use of resources and assets.
True
False
Manufacturing involves the use of men and machines.
True
False
Customer Service is a type of service delivery that involves direct interactions with the customer.
True
False
Operations management involves planning, organizing, supervising processes, and make necessary improvements for higher bankruptcy.
True
False
The major key feature of a Product is that it is physical and it is also tangible, while a Service is work done by another person for another individual is intangible.
True
False
Supply Chain is the end-to-end process of transporting and storing supplies, goods-in-process and finished goods.
True
False
Operations strategy is the total pattern of decisions that shape the long-term capabilities of any type of operation and their contribution to overall strategy, through the reconciliation of market requirements with operations resources.
True
False
A value chain is a set of activities that an organization carries out to create value for its customers.
True
False
Operations produce products, manage quality and create services.
True
False
Setting SMART targets, a familiar acronym, but a very useful one - your targets should be SMART - short, measurable, achievable, realistic, and time-bound.
True
False
Is a set of principles relating to the functions of planning, organizing, directing, and controlling, and the applications of these principles in harnessing physical, financial, human, and informational resources efficiently and effectively to achieve organizational goals.
Operations
Management
Operations Manager
Supply Chain
An example and part of Operations Management that is the practice of measuring and controlling quality. This includes the process of addressing the root cause of quality problems. For example, a food manufacturer that tests the quality of products and investigates and addresses the root cause of quality variances.
Causality
Distribution
Quality Assurance
Procurement
Typical responsibilities of operations managers are the following except:
managing finance activities including sales and other data
directing and coordinating budget activities
evaluating performance data to make appropriate decisions
managing customers and assigning what products they should purchase
The essential difference between service and goods is that specifications of a service are defined and evaluated as a package of features that affect the five senses, except:
Supporting Facility
Facilitating goods
Selling products
Explicit services
After identifying the primary and support activities, businesses should identify the cost drivers for each activity. Cost drivers can include the following EXCEPT:
Work hours
Machine use and setup
Shipping
Employees
It is the direction and control of the processes that produce a firm's products and deliver its services to customers. These are typically viewed as the core processes of an organization that are carefully measured, optimized, and improved. The nature of operations differs greatly from one industry to the next.
Total Quality Management
Operations Management
Manufacturing
Production
These are examples of Operations Strategies, except:
Lean Operations
Business Process Reengineering
Key Performance Indicator
Quality (TQM, Six Sigma)
In the history of production and operations systems, ______ introduced the stopwatch method for accurately measuring the time to perform every single task of a complicated job.
Kaoru Ishikawa
Frederick Winslow Taylor
Taiichi Ohno
Henry Ford
Involving the entire departments of the company, achieving customer satisfaction all the time, and maintaining a high-level quality in every sector.
Production
Manufacturing
Operations Management
Total Quality Management
These are key principles of Total Quality Management, except:
Customer focus, Total employee commitment, Process approach, Integrated system
A strategic and systematic approach, Continual improvement, Fact-based decision-making, Communications
Customer focus, Process Centered, Continual improvement, Total employee commitment
An integrated system, Total employee commitment, Process Centered, Success
Physical products which can be touched, seen, and consumed.
Goods
Service
Quality
Product Value
Porter’s Value Chain – “Primary activities” relate directly to the physical creation, sale, maintenance, and support of a product or service. They consist of the following, except:
Inbound Logistics
Operations
Human Resource Management
Service
Porter’s Value Chain – “Support activities”, support the primary functions, except:
Procurement
Outbound Logistics
Technological Development
Firm Infrastructure
It is the process of collecting, analyzing, and reporting information regarding the performance of an individual, group, organization, system, or component.
Performance Measurement
Productivity
Quality-Cost-Delivery
Quality Measurement
According to him, " the act of forecasting is of great benefit to all who take part in the process and is the best means of ensuring adaptability to changing circumstances. The collaboration of all concerned lead to a unified front, an understanding of the reasons for decisions and a broadened outlook".
Kaoru Ishikawa
Henry Ford
Henry Fayol
Frederick Winslow Taylor
What are your takeaways from prelim to midterm lessons? At least in 3 sentences. (5 points)
