OM 300 - Test 1 - University of Alabama
Comprehensive Resource To Help You Ace 2026-2027
Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. What is operations management? - Correct Answer: the set of activities
that create value in the form of goods and services by transforming inputs
into outputs. it is business functions responsible for planning, coordinating,
and controlling the resources needed to produce a company's products and
services. It is applicable to all firms, whether manufacturing or service
2. OM 3 essential functions - Correct Answer: Marketing
Production or operations
finance or accounting
3. OM 5 basic management functions - Correct Answer: Planning
organizing
staffing
leading
controlling
4. 10 Strategic OM decisions - Correct Answer: 1 - Design of goods and
services
2 - managing quality, process and capacity design
3 - location strategy
4 - layout strategy
, 5 - Human Resources and job design
6 - supply-chain management
7 - inventory management
8 - scheduling
9 - maintenance
5. productivity - Correct Answer: Unites produced/input used
6. 3 factors critical to achieve improves productivity - Correct Answer:
labor
capital
management
7. Labor - Correct Answer: contributes to about 10% of the annual
increase
8. Capital - Correct Answer: contributes about 38% of the annual increase
9. Management - Correct Answer: contributes about 52% of the annual
increase
10.Reasons to globalize - Correct Answer: 1) reduce costs (labor, taxes,
tariffs, etc.)
2) improve supply chain
3) provide better goods and services
4) understand markets
Comprehensive Resource To Help You Ace 2026-2027
Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. What is operations management? - Correct Answer: the set of activities
that create value in the form of goods and services by transforming inputs
into outputs. it is business functions responsible for planning, coordinating,
and controlling the resources needed to produce a company's products and
services. It is applicable to all firms, whether manufacturing or service
2. OM 3 essential functions - Correct Answer: Marketing
Production or operations
finance or accounting
3. OM 5 basic management functions - Correct Answer: Planning
organizing
staffing
leading
controlling
4. 10 Strategic OM decisions - Correct Answer: 1 - Design of goods and
services
2 - managing quality, process and capacity design
3 - location strategy
4 - layout strategy
, 5 - Human Resources and job design
6 - supply-chain management
7 - inventory management
8 - scheduling
9 - maintenance
5. productivity - Correct Answer: Unites produced/input used
6. 3 factors critical to achieve improves productivity - Correct Answer:
labor
capital
management
7. Labor - Correct Answer: contributes to about 10% of the annual
increase
8. Capital - Correct Answer: contributes about 38% of the annual increase
9. Management - Correct Answer: contributes about 52% of the annual
increase
10.Reasons to globalize - Correct Answer: 1) reduce costs (labor, taxes,
tariffs, etc.)
2) improve supply chain
3) provide better goods and services
4) understand markets
