MG211 HW1
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
