Budgeting, analysis of investment proposals, and provision of funds are activities associated with the ______________ function.
Detailed Answer
Correct answer: (D)
finance.
3
What is credited with gains in industrial productivity, increased standards of living and affordable products?
Detailed Answer
Correct answer: (D)
assembly lines.
4
Service strategy development begins by selecting which of the following as an operating focus or performance priority?
Detailed Answer
Correct answer: (D)
All of the above.
5
Taking a systems viewpoint with regard to operations in today environment increasingly leads decision-makers to consider ______________ in response to the ______________.
Detailed Answer
Correct answer: (C)
sustainability; threat of global warming.
6
Which of the following statements about variation is FALSE?
Detailed Answer
Correct answer: (C)
Any variation makes a production process less productive.
7
Which one of the following is not a typical question dealt with by operations managers?
Detailed Answer
Correct answer: (D)
All are typical of operations decisions.
8
When the flow of materials is variable,
Detailed Answer
Correct answer: (A)
layout by process is most suitable.
9
Which of the following refers to a continuous measurement of an organization products and processes against a company recognized as a leader in that industry?
Detailed Answer
Correct answer: (A)
Benchmarking.
10
What type of process would a fertilizer plant be most likely to use