Midterm - bu600 midterm chpts 1,2,3,4,4s,5&5s Student:...

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Student: ___________________________________________________________________________ 1. Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations. True False 2. Which of the following is considered to be a cause of poor U.S. global competitiveness? A. the tendency to view labor as a cost factor to be minimized B. decision-making based on short-term horizons C. weaknesses in technological practice D. powerful trading partners E. all of the above 3. An operation that processes less than a previous operation is called a: A. bottleneck B. multi-factor constraint C. parallel operation D. turnabout process E. tactical operation 4. Outsourcing often involves collaboration with our competitors to prevent partners from taking unfair advantage of us. True False 5. A nation's ability to compete with other nations impacts a business' strategy in the area of: A. Marketing B. Finance C. Operations D. Distribution E. All of the above
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6. Business organizations consist of three major functions which: A. overlap B. are mutually exclusive C. exist independently of each other D. function independently of each other E. do not interface with each other 7. Dealing with the fact that certain aspects of any management situation are more important than others is called: A. analysis of tradeoffs B. sensitivity analysis C. recognition of priorities D. analysis of variance E. decision table analysis 8. Scheduling personnel is an example of an operations management: A. mission implementation B. operational decision C. organizational strategy D. functional strategy E. tactical decision 9. An example of a tactical operations management decision is whether to build a new facility or to expand an existing one. True False 10. Companies are required to use environmental scanning because of both federal and state regulations regarding environmental pollution control. True False
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11. Given the following historical data and weights of .5, .3, and .2, what is the three-period moving average forecast for period 5? A. 144.20 B. 144.80 C. 144.67 D. 143.00 E. 144.00 12. One reason for using the Delphi method in forecasting is to: A. avoid premature consensus (bandwagon effect) B. achieve a high degree of accuracy C. maintain accountability and responsibility D. be able to replicate results E. prevent hurt feelings 13. Which of the following possible values of alpha would cause exponential smoothing to respond the most quickly to forecast errors? A. 0 B. .01 C. .05 D. .10 E. .15 14. The primary difference between seasonality and cycles is: A. the duration of the repeating patterns B. the magnitude of the variation C. the ability to attribute the pattern to a cause D. the direction of the movement E. there are only 4 seasons but 30 cycles
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Midterm - bu600 midterm chpts 1,2,3,4,4s,5&5s Student:...

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