The fact that a few improvements in a few key areas of operations will have more impact than many
improvements in many other areas is consistent with the
Irwin phenomenon.
Pareto phenomenon.
Stevenson phenomenon.
Tellier phenomenon.
Adam Smith phenomenon.
Pareto phenomena direct our attention to the difference between the "important few" and the "trivial
many."
References
Multiple Choice Difficulty: 1 Easy
TB MC Qu. 01-
58 The fact that
a few
improvements in
a few...
Learning Objective:
01-07 Explain the
key aspects of
operations
management
decision making.
59.
Award: 10.00 points
TB MC Qu. 01-59 The process of comparing outputs to previous...
The process of comparing outputs to previously established standards to determine if corrective
action is needed is called
planning.
directing.
controlling.
budgeting.
disciplining.
Controls are used to maintain performance.
References
Multiple Choice Difficulty: 1 Easy
TB MC Qu. 01-
59 The process
of comparing
outputs to
previous...
Learning Objective:
01-01 Define the
terms operations
management and
supply chain.
60.
Award: 10.00 points
TB MC Qu. 01-60 Which of the following does not relate to...
Which of the following does not relate to system design?
altering the system capacity
location of facilities
inventory management
selection and acquisition of equipment
physical arrangement of departments
Inventory management is a system operation decision area.
References
Multiple Choice Difficulty: 2 Medium
TB MC Qu. 01-
60 Which of the
following does
not relate to...
Learning Objective:
01-06 Describe the
operations function
and the nature of
the operations
manager's job.
61.
Award: 10.00 points
TB MC Qu. 01-61 Taking a systems viewpoint with regard to...
Taking a systems viewpoint with regard to operations in today's environment increasingly leads
decision makers to consider ______________ in response to the ___________.
flexibility; pressure to be more efficient
offshoring; need to promote domestic production
sustainability; threat of global warming
technology; impact of random variation
forecasting; stabilization of demand
Sustainability is a relatively recent operations management consideration.
References
Multiple Choice Difficulty: 3 Hard
TB MC Qu. 01-61
Taking a
systems
viewpoint with
regard to...
Learning Objective:
01-09 Describe
current issues in
business that impact
operations
management.
62.
Award: 10.00 points
TB MC Qu. 01-62 Some companies attempt to maximize the...
Some companies attempt to maximize the revenue they receive from fixed operating capacity by
influencing demands through price manipulation. This is an example of
illegal price discrimination.
collusion.
volume analysis.
revenue management.
outsourcing.
Revenue management is used to ensure that as much perishable capacity as possible is sold.
References
Multiple Choice Difficulty: 2 Medium
TB MC Qu. 01-
62 Some
companies
attempt to
maximize the...
Learning Objective:
01-09 Describe
current issues in
business that impact
operations
management.
63.
Award: 10.00 points
TB MC Qu. 01-63 Which of the following is not an ongoing...
Which of the following is not an ongoing trend in manufacturing?
globalization
quality improvement
flexibility and agility
mass production for greater economies of scale
technological advances
Manufacturers are moving away from mass production for economies of scale.
References
Multiple Choice Difficulty: 2 Medium
TB MC Qu. 01-
63 Which of the
following is not
an ongoing...
Learning Objective:
01-09 Describe
current issues in
business that impact
operations
management.
64.
Award: 10.00 points
TB MC Qu. 01-64 Which of the following is not a benefit of...
Which of the following is not a benefit of using models in decision making?
They provide a standardized format for analyzing a problem.
They serve as a consistent tool for evaluation.
They are easy to use and less expensive than dealing with the actual situation.
They force the decision maker to take into account qualitative issues such as personalities