Economics of Production chap1

Economics of Production chap1 - Economics of Production...

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Economics of Production Practice Test Questions: Chapter 1 1- Operations management is applicable A) mostly to the manufacturing sector B) to the manufacturing sector exclusively C) to all firms, whether manufacturing and service D) to services exclusively E) mostly to the service sector 2- The marketing function's main concern is with A) generating the demand for the organization's products or services B) procuring materials, supplies, and equipment C) producing goods or providing services D) securing monetary resources E) building and maintaining a positive image 3- The five elements in the management process are A) accounting/finance, marketing, operations, and management B) plan, organize, staff, lead, and control C) organize, plan, control, staff, and manage D) plan, direct, update, lead, and supervise E) plan, lead, organize, manage, and control 4- An operations manager is not likely to be involved in A) the identification of customers' wants and needs B) work scheduling to meet the due dates promised to customers C) the quality of products and services to satisfy customers' wants and needs D) forecasting sales E) the design of products and services to satisfy customers' wants and needs 5- The field of operations management is shaped by advances in which of the following? A) information sciences B) chemistry and physics C) biology and anatomy D) industrial engineering and management science E) all of the above 6- Which of the following is not a typical attribute of goods? A) output can be resold B) aspects of quality difficult to measure C) often easy to automate D) output can be inventoried E) production and consumption are separate 7- Which of the following is not a typical service attribute? A) easy to store B) difficult to resell C) simultaneous production and consumption D) intangible product E) customer interaction is high 8- Which of the following statements about trends in operations management is false? A) Job specialization is giving way to empowered employees.
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Economics of Production chap1 - Economics of Production...

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