Difference between goods and services

Assignment Help Operation Management
Reference no: EM132250466

1. Which of the following is a contributor to the bullwhip effect?

a. Smaller order sizes

b. Using actual demand data

c. Forward buying

d. Vendor managed inventory

2. When demand exceeds capacity, a typical capacity management technique to cross-train workers.

True

False

3. Which of the following has made external integration more difficult to achieve?

a. Problems with internal integration efforts

b. Identifying key trading partners

c. Lack of software applications to coordinate the effort

d. Increased number of franchise operators

4. In the assembly of a pump impeller, there are three steps that can potentially lead to defects. The first step makes defects in 1 percent of the cases, the second step makes defects in 4 percent of the cases, and the third step makes defects in 2 percent of the cases. If a defect in any step occurs, that will lead to a defect in the assembled pump. What is the probability of getting a correctly assembled pump?

A. 93 percent

B. 7 percent

C. 98 percent

D. 2 percent

5. Which of the following is a difference between goods and services?

a. Goods are often unique

b. Services cannot be inventoried

c. Goods have high customer-service interaction

d. All of the above

Reference no: EM132250466

Questions Cloud

Optimal decision according to the EMV criterion : What is the optimal decision according to the EMV criterion?
Negotiation final agreement : Negotiation Final Agreement provide detailed and well delineated final agreement that aligns/addresses negotiation/company needs,
Negotiation-identify the process and practice : Negotiation Identify the Process & Practice that demonstrates a strong understanding of professional and ethical negotiation.
Use of health care information systems : What are the current issues and challenges pertaining to the use of health care information systems (HCIS)
Difference between goods and services : Which of the following is a difference between goods and services? Which of the following is a contributor to the bullwhip effect?
Collect all of your information into multi-columned table : Collect all of your information into a multi-columned table. Complete the table with the information you discover and suggest.
Interested in their production planning forecasts : As someone interested in buying Caterpillar stocks, you are interested in their production planning forecasts.
Relationship between price and quality : In your opinion, is there relationship between price and quality? If something cost more does it necessarily mean it is better quality than lesser priced item.
How does one find authentic creativity : How does one find authentic creativity? Malcolm McLaren tells remarkable stories from his own life, from failing school to managing the Sex Pistols.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd