53.
Award: 10.00 points
54.
Award: 10.00 points
The three primary functions that exist in most business organizations are:
manufacturing, production, and operations.
operations, marketing, and finance.
operations, accounting, and marketing.
operations, production, and finance.
operations, sales and accounting
References
Multiple Choice Difficulty: Medium Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
The three major functions of business organizations:
perform differently but their functions and processes are similar.
are related indirectly only.
must work together, but not very closely.
function independently of each other.
perform similar and related activities.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
55.
Award: 10.00 points
56.
Award: 10.00 points
Which of the following is not a type of service operations?
Retail trade
Transportation and warehousing
Fabrication of metals
Banking
Hotels and restaurants
References
Multiple Choice Difficulty: Medium Learning Objective: 01-04 Compare
production of goods and services.
Measurements taken at various points in the transformation process for control purposes are called:
plans.
directions.
controls.
feedback.
proposals.
References
Multiple Choice Difficulty: Hard Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
57.
Award: 10.00 points
58.
Award: 10.00 points
Measuring process outputs at various points in order to compare outputs to previously established
standards to determine if corrective action is needed is called:
planning and directing.
directing and conversion.
feedback and control.
controlling and leading.
leading and transformation.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
Value-added refers to:
the cost of inputs.
the price of outputs.
the difference between cost of inputs and the value or price of outputs.
the extra profit obtained from increased productivity.
the ratio of outputs compared to inputs.
References
Multiple Choice Difficulty: Hard Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
59.
Award: 10.00 points
60.
Award: 10.00 points
Economic analysis of investment proposals, and provision of funds are activities associated with the:
operation function.
marketing function.
purchasing function.
finance function.
industrial engineering function.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
The marketing function's main concern is with:
producing goods or providing services.
assessing customer wants and needs.
procuring materials, supplies, and equipment.
performing economic analysis of investment proposals.
securing monetary resources.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-02 Identify the
three major functions of organizations
and describe how they interact.
61.
Award: 10.00 points
62.
Award: 10.00 points
Planning decisions are usually __________ and __________ term.
strategic; long
tactical; medium
forecasting; short
strategic; short
tactical; long
References
Multiple Choice Difficulty: Medium Learning Objective: 01-03 Describe the
scope of operations management and
provide an overview of this textbook,
including differentiating between design
and planning/control decisions.
Which of the following does not relate to system design?
Long term capacity
Location of facilities
Inventory management
Process design
Departmental layout
References
Multiple Choice Difficulty: Hard Learning Objective: 01-03 Describe the
scope of operations management and
provide an overview of this textbook,