Reference no: EM132200136

1. Which of the following is not an operations management decision?

a. Improving the process at a department store.

b. Managing inventory stock in a warehouse.

c. Developing a new facility layout in a supermarket.

d. Providing a new promotion approaches to sell products faster.

e. Installing a better quality control in a car assembly.

2. For the same annual demand, annual holding cost per unit, ordering (setup) cost per order, and unit price (cost) the following is true:

a. EOQ value is smaller than POQ value.

b. EOQ value is equal to POQ value.

c. EOQ value is greater than POQ value.

d. all of the above is true.

e. none of the above is true.

3. In organizational settings, the term “power” is most often defined as:

BOOK: Becoming a master manager, a competing values approach by Robert E Quinn

Module 4 competency 1

a. The ability to persuade people to do what is best for the organization.

b. The capacity to make whatever changes in the reward system required will result in better performance.

c. The capacity to mobilize people and resources to get things done.

d. Having access to more resources than do other people with whom one is in a competitive position.

e. Having enough personal influence to motivate people without resorting to financial incentives.

4. The difference(s) between the POQ model and the EOQ model is that the POQ model:

a. assumes that the annual demand is constant.

b. assumes that the order quantity is not produced instantaneously.

c. assumes that the demand rate is constant.

d. minimizes the total costs.

e. all of the above are differences.

5. The introduction of quantity discounts will usually cause the optimal order quantity to be:

a. smaller than the EOQ.

b. the same as the EOQ.

c. either the same or greater than the EOQ.

d. either smaller or the same as the EOQ.

e. either smaller or greater than the EOQ.