MG211 HW1

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How often is the annual inventory turnover for items like potatoes, corn, oil and seed, which are all perishable

200 times

For each 1% downtime due to a breakdown in equipment, how much of a loss is incurred at Frito-Lay's Orlando plant

$200,000

The service sector constitutes what percentage of employment in the United States?

Between 80% and 90%

Which of the following is not cited in the Frito-Lay video as one of the reasons why the company's employee turnover is low?

Day care for children of employees

Which of the following organizations does not belong to the service sector

Ford Motor Company

The percentage of U.S. jobs in manufacturing

Is declining to about 10% of all jobs

Technological unemployment means that

Jobs in several fields are at risk of being automated

The creation of goods and services is referred to as

Production

If computers are causing a period of disruptive growth

Progress in automation will be swift

What drives plant location decisions at Frito-Lay

Proximity to raw materials or markets

Frito lay scores well above the passing grade in quality control and utilizes statistical process controls to assist in these efforts. Which of the 10 operation management decisions is involved?

Quality

Which of these statements accurately captures a current trend in operations?

Rapid product development

Which of the following is not considered to be one of the three primary functions that all organizations perform?

Research and Development

The economic activities that typically produce an intangible product are referred to as

Services

Competition in the 21st century is no longer between companies; it is between

Supply chains

In general, the supply chain starts with

The provider of basic raw materials

Which of the following is not one of the four reasons that we study OM?

We want to understand what marketing managers do

What is the goal for mass customization

The goal is to produce customized products, whenever and wherever needed

A global network of organizations and activities that supply a firm with goods and services is referred to as

A supply chain

The Frito-Lay plant applies a product focus strategy, which is appropriate for what type of producer?

High-volume, low-variety

Smarter computers will lead to job losses

In jobs for telemarketers and accountants

Productivity increases when

Inputs decrease while outputs remain the same

A large percentage of the revenue of most firms is spent on which function?

Operations


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