ISDS !!!!! EXAM 1 PRACTICE EXAM MULTIPLE CHOICE

Which of the following statements is true regarding​ forecasting?

All of the above.

Forecasting may involve taking historical data and projecting them into the future with a mathematical model.

Forecasting is the art and science of predicting future events.

A forecast is usually classified by the future time horizon that it covers as exemplified by Disney.

A way to identify those elements in the​ product/service chain that uniquely add value is referred to as

​value-chain analysis.

Which of the following is NOT an OM​ strategy/issue during the maturity phase of the product life​ cycle?

high production costs

Which of the following does NOT contribute to​ OM?

unsystematic processing of data

Which of the following is NOT true about the coefficient of determination

​(r2)?

All of the above are true

Which of the following is NOT a technique that allows managers to​ plan, schedule, and control​ projects?

​Factor-rating method

Which of the following are considered to be the three primary functions that all organizations​ perform?

​marketing, production/operations, and​ finance/accounting

Which of the following is NOT a characteristic of​ services?

standardized product

The service sector constitutes economic activities that typically produce

intangible products.

Many operations management​ (OM) innovations have come from outside of the United States. Which of the following OM innovations is matched with the wrong​ country/region?

Scandinavia​ -> ergonomics

.Germany​ -> robotics

Japan​ -> inventory management

All of the above are correct

Which of the following activities does NOT belong to the controlling phase of project​ management?

define the project

Which of the following best represents the role of operations management​ (OM)?

OM plays an equally important role in both manufacturing and services

Competing on cost is

achieving maximum value as perceived by the customer.

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

We want to understand what marketing managers do.

Which of these is NOT a disadvantage of​ outsourcing?

decreased logistics and inventory costs

Which of the following activities at an airline is NOT an operations​ activity?

Sales

Which of the following data does Disney NOT gather when creating their​ forecasts?

Disney gathers all of the above data

Which of the following activities at a manufacturing facility is an operations​ activity?

industrial engineering

Which of the following is not one of the reasons why organizations are accelerataing the outsourcing of​ non-core activities?

​non-core activities represent a steadily decreasing portion of an​ organization's total business

Which of the following situations could lead to an ethical code​ violation?

All of the above

Which of the following questions may be answered through the use of PERT​ (Program Evaluation and Review​ Technique)?

What is the probability that the project will be completed on​ time?

Which of the following is the appropriate order for the phases of project​ management?

​planning, scheduling, controlling

Which of the following is a concern as firms move toward​ globalization?

Differences in social and cultural behavior

Which of the following is NOT a reason why domestic business operations decide to change to some form of international​ operation?

attract and retain local talent

Which of the following is true of a transnational​ strategy?

Exploits the economies of scale and learning

Which of the following is NOT a​ time-series model?

multiple regression

The creation of goods and services is referred to​ as:

production

Why are Gantt charts​ helpful?

They can help managers observe the progress of each activity to spot problems.

The production process at Hard Rock Cafe does NOT include which of the following​ activities?

advertising

Which of the following is the LAST step in a forecasting​ system?

Validate and implement the results.

Which of the ten operations management strategic decisions​ (from Chapter​ 1) is an especially difficult challenge for project​ management?

Scheduling

A set of​ skills, talents, and capabilities in which a firm is particularly strong is referred to as

core competencies.

A SWOT analysis

identifies an​ organization's strengths and weaknesses and its external opportunities and threats.

In​ general, the supply chain starts with

the provider of basic raw materials.

Dummy activities

are used when two activities have identical starting and ending events.

Which one of the following statements is incorrect regarding globalization and globalization​ strategies?

Globalization strategies could simplify the operations​ manager's job

A forecast that addresses the business cycle by predicting planning indicators is

an economic forecast.

How does Walmart gain a competitive​ advantage?

Competing on cost

Choose the correct example of differentiation and its explanation below.

Safeskin Corporation, as it's number one in latex exam gloves that were designed to prevent allergic reactions.

Before creating a workforce​ schedule, an operations manager should create what future​ time-horizon forecast?

​Short-range

Under which of the following conditions would a project organization be most​ helpful?

The work contains​ complex, interrelated tasks.

What is the primary difference between​ time-series and associative forecasting​ models?

Associative models incorporate variables that might influence the quantity being forecasted

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​ investments?

process and capacity strategies

Which of these statements is NOT true about project​ scheduling?

Gantt charts can be used for project scheduling but are expensive to develop.

How does an​ organization's strategy relate to its​ mission?

The strategy is the action plan to achieve the mission.

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

The slack for any activity on the critical path will be

zero

Which of the following statements is NOT​ true?

When excess capacity​ exists, cost can decrease.

Which of the following is a qualitative forecasting​ method?

jury of executive opinion