exam 4.docx - Question 1 2 out of 2 points In general operations control methods employed earlier in the production process are often more costly than

exam 4.docx - Question 1 2 out of 2 points In general...

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Question 1 2 out of 2 points In general, operations control methods employed earlier in the production process are often more costly than those performed at later stages. Selected Answer: Fals e Correct Answer: Fals e Question 2 2 out of 2 points Which of the following refers to resources such as labor, money, materials, information, or energy that are transformed by a process to become an output? Selected Answer: Inputs Correct Answer: Inputs Question 3 2 out of 2 points What is organizational control? Selected Answer: A broad-based form of control that guides all company activities and oversees the overall functioning of the whole firm Correct Answer: A broad-based form of control that guides all company activities and oversees the overall functioning of the whole firm Question 4 2 out of 2 points Manufacturers and service providers differ in the nature and consumption of their output. Selected Answer: Tru e Correct Answer: Tru e Question 5 0 out of 2 points A strategic error many entrepreneurs make is focusing on the tactical side, such as making pottery, while ignoring the business side such as marketing, sales, financing, etc.
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Selected Answer: Fals e Correct Answer: True Question 6 2 out of 2 points Broad-based control that oversees the overall functioning of the whole firm is Selected Answer: organizational control. Correct Answer: organizational control. Question 7 2 out of 2 points The most popular form of business organization is a partnership Selected Answer: Fals e Correct Answer: Fals e Question 8 2 out of 2 points Robots, otherwise known as "steel-collar" workers, have become important in applications too hazardous for human workers. Selected Answer: Tru e Correct Answer: Tru e Question 9 2 out of 2 points What is meant by supply chain management? Selected Answer: Occurs when managers connect all members of the distribution system to satisfy customers Correct Answer: Occurs when managers connect all members of the distribution system to satisfy customers Question 10 2 out of 2 points
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Which of the following characteristics relates to purchasing? Selected Answer: The buying of all the materials needed by the organization Correct Answer: The buying of all the materials needed by the organization Question 11 2 out of 2 points 90% of companies in the USA have 500 or more employees Selected Answer: Fals e Correct Answer: Fals e Question 12 2 out of 2 points Many companies use a combination of layout designs. Selected Answer: Tru e Correct Answer: Tru e Question 13 2 out of 2 points In actual practice, budgeting often involves the extensive use of incremental budgeting , the process of merely adjusting the previous period’s budget to arrive at the new plan of control.
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