Quiz
Quant Ch 1 and Ch 4
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Questions in this quiz (60)
1Which enter-exit strategy involves leaving as profit margins begin shrinking?
- AEnter early, exit early
- BEnter early, exit late
- CEnter late, exit late
- DEnter late, exit early
2Which one of the following is a major driver of contemporary business?
- AAll of the others
- BTime
- CCost
- DQuality
3A product focus strategy tends to be characterized by?
- AHigh degree of customization
- BHigh degree of flexibility
- CLow volumes
- DHigh volumes
4Which one of the following is not a standard decision-making condition?
- ARisk
- BUncertainty
- CCertainty
- DNormality
5Which competitive priority is illustrated by an up-scale, trendy restraurant?
- ADrive-up service
- BHigh quality
- CLow prices
- DFast delivery
6Productivity is defined as?
- AOutput - Input
- BNone of the others
- COutput/Input
- DInput/Output
7Which one of the following sequences best describes the operations management decision approach?
- AOperations-design-strategy
- BPosition-operations-strategy
- CDesign-stratey-operations
- DStrategy-design-operations
8Which one of the following competitive priorities and positioning strategies are consistent?
- ALow cost operations - process focus
- BHigh performance design - product focus
- CHigh performance design - process focus
- DCustomization - product focus
9Which one of the following is an essentail feature of a DSS?
- AAll of the others
- BAdaptive
- CUser friendly
- DManagment supported
10Which one of the following is not a characteristic of a service oriented operation?
- ARelatively small production facilities.
- BInventory
- CExtensive customer contact
- DFast respone times
11Which strategy involves a few standard components and parts that are used to produce a wide variety of final products?
- AMake to stock
- BAssemble to stock
- CAssemble to order
- DMake to order
12Which one of the following statements reagarding the life cycle is best?
- AUnit profit margins decline during the maturity phase
- BProfits grow dramatically during the planning stage
- CThere are three distinct phases
- DMarketing efforts peak during the decline stage
13Frederick Taylor's main contributions to operations management occurred around?
- A1900
- B1940
- C1920
- D1860
14Which one of the following competitive priorities and positioning strategies are consistent?
- ACustomization - product focus
- BLow cost operations - process focus
- CHigh performance design - product focus
- DHigh performance design - process focus
15Which one of the following is not a standard decision-making condition?
- ACertainty
- BUncertainty
- CNormality
- DRisk
16Which one of the following industries would have the highest percentage of service associated with their operations?
- AConstruction
- BConsutling
- CChemical pipeline
- DAuto manufacturing
17The basic difference between decision-making under uncertainty and under risk is that in the later case the states are characterized using?
- ANone of the others
- BSubjective estimates
- CFacts
- DProbabilities
18Which country has the lowest level of productivity?
- AGermany
- BUnited States
- CRussia
- DJapan
19Which one of the following categories can an organization employ to gain competitive advantage by outperforming its competitors?
- ALow cost operations
- BProducing consistent quality
- COn-time delivery
- DAll of the others
20A product focus strategy tends to be characterized by?
- AHigh degree of customization
- BHigh degree of flexibility
- CHigh volumes
- DLow volumes
21Which one of the following best characterizes the concept mass customization?
- AMake-to-stock
- BMake-to-order
- CAssemble-to-stock
- DAssemble-to-order
22A flex flow strategy is generally associated with?
- AHigh volumes
- BLow volumes
- CLow cost
- DShort delivery times
23Productivity is defined as?
- AOutput/Input
- BInput/Output
- COutput/Efficiency
- DInput - Output
24Which one of the following is an example of a core competency?
- ACompetitive priorities
- BSubcontractors
- CGovernment regulations
- DWork force
25Which strategy uses pre-set basic parts to meet specific customer needs?
- AAssembly-to-order
- BMake-to-stock
- CMass production
- DMake-to-order
26The emphasis in a product flow strategy is on?
- ALower system utilization
- BShorter planning horizons
- CLimited subcontracting
- DLonger planning horizons
27Who is generally considered the “father” of scientific/operations management?
- ADeming
- BBlackett
- CTaylor
- DGantt
28Which one of the following is not a competitive priority?
- ALow cost
- BFaster delivery
- CConsistent quality
- DNone of the above
29Typically, which is the first step in the decision-making process?
- ADefine problem
- BCollect data
- CEvaluate alternatives
- DImplement decision
30DSS stands for?
- ADesign support structure
- BDirectional support system
- CDecision support systems
- DDecision structure situation
31Which one of the following capacity startegies minimizes over capacity?
- AVendor control
- BExpansion
- CFollow-the-leader
- DWait-and-see
32Which one of the following is a standard input to NPV analysis?
- ADiscount rate
- BAll of the others
- CInitial investment
- DTax rate
33Which one of the following is not a capacity planning strategy?
- AExpansion
- BFollow-the-leader
- CFlexibility
- DWait-and-see
34Capacity utilization is the ratio of?
- AInput to maximum capacity.
- BMaximum capacity to output times 100.
- COutput to input times 100.
- DOutput to maximum capacity times 100.
35A strategy of often changing product/service mixes would tend to call for a _________ capacity cushion?
- ANo change in
- BUniform
- CSmaller
- DLarger
36Typically, maximum capacity is best measured in terms of?
- ADesign capacity
- BPeak capacity
- CEffective capacity
- DOperational capacity
37Which is the first step in the capacity planning process?
- AIdentify gaps
- BEstimate future demand requirements
- CSpecify timing
- DDevelop alternatives
38Which one of the following situations would call for a small capacity cushion?
- AUnreliable vendors
- BUncertain demand
- CSmall capital investment
- DLarge capital investment
39Which one of the following contribute to economies of scale?
- AAcquiring discounts
- BReducing construction costs
- CSpreading fixed costs
- DAll of the others
40Generally speaking, peak capacity will be ___________ effective capacity?
- AEqual to
- BGreater than
- CLess than
- DNone of the others
41Which one of the following capacity strategies minimizes losing market share?
- AExpansion
- BFollow-the-leader
- CWait-and-see
- DVendor liason
42Generally speaking, peak capacity will be ___________ effective capacity?
- ANone of the others
- BEqual to
- CGreater than
- DLess than
43Which one of the following statements regarding floating bottlenecks is best?
- AThey occur mainly with line flow operations
- BThey occur mainly with flex flow operations
- COnly one can occur at a time
- DThey occur mainly with the most efficient operations.
44Which one of the following is not a step in the capacity planning process?
- AIdentify alternatives
- BBegin construction
- CSpecify timing
- DEstimate requirements
45Which DSS is particularly useful for capacity applications involving demand uncertainty?
- ADecision tree analysis
- BBreak-even analysis
- CFactor analysis
- DNPV
46Which one of the following is an input into the production/transportation model?
- ACosts
- BAll of the others
- CDemand
- DSupply
47Capacity utilization is the ratio of?
- AOutput to maximum capacity times 100.
- BOutput to input times 100.
- CInput to maximum capacity.
- DMaximum capacity to output times 100.
48Which one of the following contribute to economies of scale?
- AReducing construction costs
- BAcquiring discounts
- CAll of the others
- DSpreading fixed costs
49Which is the first step in the capacity planning process?
- ASpecify timing
- BDevelop alternatives
- CIdentify gaps
- DEstimate future demand requirements
50Which one of the following situations would call for a large capacity cushion?
- AReliable subcontractors
- BStable demand
- CUncertain demand
- DCapital intensive operations
51Which one of the following is not a capacity planning strategy?
- AExpansion
- BWait-and-see
- CFollow the leader
- DNone of the above
52Which one of the following situations calls for a small capacity cushion?
- AUncertain suppliers
- BUncertain demand
- CCapital intensive operations
- DLabor intensive operations
53Lower volumes tend to favor?
- ALess resource flexibility
- BMore capital intensity
- CMore resource flexibility
- DMore vertical integration
54A bottleneck is an operation that has the ___________ effective capacity?
- ALowest
- BAverage
- CHighest
- DPeak
55An automobile manufacturing facility would tend to measure capacity in terms of?
- AUtilization
- BInputs
- CEfficiency
- DOutputs
56Which one of the following best describes an expansion strategy?
- AErodes market share
- BIncreases risk of over expansion.
- CFollows industry trends
- DDecreases risk of over expansion
57Decision trees provide a ________ perspective of the decision problem?
- ATabular
- BVisual
- CAnodal
- DMatrix
58A wait-and-see capacity strategy is best described by?
- AReducing the risks of lost sales
- BMaking large, infrequent capacity changes
- CUsing it as a competitive weapon
- DUpgrading after demand has developed
59A management consulting firm would tend to measure capacity in terms of?
- AAvailable man-hours
- BReports generated
- CNumber of clients
- DClient presentations
60Which one of the following calls for a larger capacity cushion?
- ACapital intensive operations
- BFaster delivery times
- CLow cost operations
- DStable demand
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- Quiz on Quant Ch 1 and Ch 4, created by lseyer436 on 13/02/2015.
- Author
- lseyer436
- Language
- English
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