Reference no: EM132677181
1) Operations management is the business function that plans, coordinates, and controls the resources needed to produce a company's products and services.
True / False
2. At a factory, the transformation process is the physical change of raw materials and components into products.
True / False
3. Division of labor involves breaking down the production of a product into a series of small, elementary tasks, each of which is performed by a different worker.
True / False
4. Outsourcing is providing goods or services to an outside provider.
True / False
5. Management science focuses on developing quantitative techniques for solving operations problems.
True / False
6. An operations strategy covers a relatively short time horizon, whereas a business strategy covers a relatively long time horizon.
True / False
7. Operations Strategy is developed before the business strategy so the company knows what it will be producing before establishing a long range business strategy.
True / False
8. Studies have shown that companies that invest in new technologies tend to improve their financial position over those that do not.
True / False
9. An operations strategy should not impact the firm's supply chain design.
True / False
10. A Marketing Strategy is defines marketing plans to support the business strategy.
True / False
11. A primary role for a manufacturer is to add value to the customer.
True / False
12. The broad view of JIT is now often termed lean production or lean systems.
True / False
13. Being able to keep costs low while changing the volume of production is an example of flexibility.
True / False
14. A key outcome of an integrated Operational strategy is that organizational barriers are eliminated.
True / False
15. A qualitative forecast is made subjectively by the forecaster.
True / False
16. Exponential smoothing forecasting methods requires a small amount of historical data.
True / False
17. Forecasting only impacts the business functions.
True / False
18. Flow operations are often related to high volume production.
True / False
19. Level loaded production plans are usually more efficient because they reduced schedule variation.
True / False
20. Highly automated processes are a risk to the company if they are under utilized.
True / False