SCM
Which of the following statements is correct?
Sustainable development is not necessarily incompatible with economic growth.
The goal of CPFR is to
create significantly more accurate information that can power the supply chain.
Corporate social responsibility involves managerial decision making that considers what three impacts?
environmental, societal, and financial
Which of the following is NOT an element used to compute crash cost per period?
optimistic time
Among the following, critical path and slack time analysis MOST help
pinpoint activities that need to be closely watched.
The production process at Hard Rock Cafe does NOT include which of the following activities?
advertising
A strategy is
an action plan to achieve a mission.
A forecast that addresses the business cycle by predicting planning indicators is
an economic forecast.
Which of the following activities at a commercial bank is NOT an operations activity?
auditing
Which of the following is NOT a characteristic of services?
standardized product
Porter's Five Forces Model contains which of the following?
All of the above.
SWOT analysis refers to
strengths, opportunities, weaknesses, and threats.
Outsourcing is simply an extension of the long-standing practice of:
subcontracting.
Continuing the use of fossil fuels versus investing in new renewable energy sources is an example of ________.
the trade-off between economic and environmental needs
The critical path of a network is the
longest time path through the network.
Which of the following is an example of competing on the basis of differentiation?
A firm offers more reliable products than its competitors do.
Which of the following is NOT a technique that allows managers to plan, schedule, and control projects?
Factor-rating method
Which of the following is NOT true about Gantt charts?
Gantt charts adequately illustrate the interrelationships between the activities and the resources.
Which of the following statements regarding CPM networks is true?
If a specific project has multiple criticalIf paths, all of them will have the same duration.
Which of the following is NOT one of the reasons operations managers want to work with their supply chains to viciously cut inventories at every level?
Inventory provides safety against higher-than expected demand.
The creation of a unique advantage over competitors is referred as
competitive advantage.
Erick and Bill have very different levels of environmental activism. Bill is an avid hiker, a member of several environmental groups, and worries greatly about the future of the environment. Bill lives in major US city with very few public transportation options. Erick spends most his time indoors watching television and playing video games. He has not ever really given much thought to the environment. Erick lives in a US city that has invested heavily in a variety of public transportation options for its residents. Bill chooses to drive his car 5 miles to work each day. Erick chooses to take the bus or the train to work each day. An individual's choice between driving an automobile to work versus using public transportation is an example of a decision that is based on:
On a variety of factors including transportation options, transportation costs and concern for the environment.
A simple CPM network has three activities, A, B, and C. A is an immediate predecessor of B and of C. B is an immediate predecessor of C. The activity durations are Aequals4, Bequals3, Cequals8.
The critical path is A-B-C, duration 15.
Which of the following statements about organizational missions is FALSE?
They are formulated after strategies are known.
A consistent tendency for forecasts to be greater or less than the actual values is called ________ error.
a bias
Gradual upward or downward movement of data over time is called:
a trend.
Which of the following is NOT considered to be a stakeholder?
competitors
The term sustainability refers to ________.
balancing environmental awareness, social responsibility, and economic stewardship
The service sector constitutes what percentage of employment in the United States?
between 80% to 90%
The term maquiladora is most synonymous with:
free trade zones in Mexico.
A project organization:
is effective for companies with multiple large projects.
What is an analysis of environmental impacts of products from the design stage through end-of-life?
life cycle assessment
What refers to analysis of environmental impacts of products from the design stage through end-of-life?
life cycle assessment
Which of the following is a direct responsibility of the project manager?
making sure that the people assigned to the project receive the motivation, direction, and information needed to do their jobs
Which of the following is NOT one of the factors that fosters specialization and worldwide supply chains?
marketing
The primary purpose of the mean absolute deviation (MAD) in forecasting is to:
measure forecast accuracy.
A forecast with a time horizon of about 3 months to 3 years is typically called a:
medium-range forecast.
A sustainable society
meets the needs and aspirations of the present without compromising those of the future
Which of these is NOT a reason why outsourcing continues to expand?
more expensive transportation
The ratio of all resources to the goods and services produced is referred as
multifactor productivity.
Which of the following is NOT a time-series model?
multiple regression
Which time-series model below assumes that demand in the next period will be equal to the most recent period's demand?
naïve approach
The XYZ Company is considering moving a portion of its manufacturing operations from one country to another country. Which of the following factors would the firm consider if the firm makes decisions with a focus on sustainability? I - The likelihood that different environmental regulations in the two countries could result in a differing impacts on the natural environment. II- The impact of differential transportation distances from the two locations on the use of resources and production of pollution. III -The impact that the relocation of the manufacturing operations will have on the social well-being of both locations. IV. The impact of the relocation of the manufacturing operations that on the economic well-being of both locations. V. The impact of the relocation of the manufacturing operations on the company's financial well being. A company that makes decisions with a sustainability focus would consider:
numbers I,II, III, IV and V when making decisions
A large percentage of the revenue of most firms is spent on which function?
operations
Which of the following OM decisions determines how a good or service is produced and commits management to specific technology, quality, human resources, and capital investment?
process and capacity design
The two general approaches to forecasting are:
qualitative and quantitative.
The tracking signal is the:
ratio of cumulative errorr / MAD.
Which of the following is NOT an OM strategy/issue during the growth stage of the product life cycle?
reduce capacity
The 3Rs for sustainability are
reduce, reuse, and recycle.
Two critical path activities are candidates for crashing on a CPM network. Activity details are in the table below. To cut one day from the project's duration, activity ________ should be crashed first, adding ________ to project cost.
One; $400
