OM 300 FINAL EXAM QUESTIONS AND ANSWERS
The objective of a human resource strategy is to: - Answers - manage labor and design
jobs so people are effectively and efficiently used
Human resource strategy includes the decision areas of: - Answers - labor planning, job
design, and labor standards
Ergonomics is the study of - Answers - the human interface with the environment and
machines
a flow diagram is - Answers - used to analyze the movement of people or material
activity charts - Answers - are used to study and improve the utilization of an operator
and a machine
what is "normal time" as it relates to labor standards - Answers - the average observed
time adjusted for pace
a supply chain ends with - Answers - a satisfied customer
what is transferring a firm's activities that have traditionally been internal to external
suppliers? - Answers - outsourcing
what is developing the ability to produce goods or services previously purchased or
actually buying a supplier or a distributor? - Answers - vertical integration
a lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners
in its operation. its supplier delivers these items directly to the point of use on the
assembly line and ensure that there are always sufficient quantities of fasteners to
maintain the production schedule. this is an example of? - Answers - vendor-managed
inventory
one use of inventory is - Answers - to provide a hedge against inflation
the objective of inventory management is to - Answers - strike a balance between
inventory investment and customer service
which of the following is not a type of inventory?
raw material, MRP, work-in-process, or finished goods - Answers - MRP
Which of the following does not belong to holding costs?
a. storage costs
b. insurance on inventory
c. pilferage, scrap, and obsolescence
The objective of a human resource strategy is to: - Answers - manage labor and design
jobs so people are effectively and efficiently used
Human resource strategy includes the decision areas of: - Answers - labor planning, job
design, and labor standards
Ergonomics is the study of - Answers - the human interface with the environment and
machines
a flow diagram is - Answers - used to analyze the movement of people or material
activity charts - Answers - are used to study and improve the utilization of an operator
and a machine
what is "normal time" as it relates to labor standards - Answers - the average observed
time adjusted for pace
a supply chain ends with - Answers - a satisfied customer
what is transferring a firm's activities that have traditionally been internal to external
suppliers? - Answers - outsourcing
what is developing the ability to produce goods or services previously purchased or
actually buying a supplier or a distributor? - Answers - vertical integration
a lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners
in its operation. its supplier delivers these items directly to the point of use on the
assembly line and ensure that there are always sufficient quantities of fasteners to
maintain the production schedule. this is an example of? - Answers - vendor-managed
inventory
one use of inventory is - Answers - to provide a hedge against inflation
the objective of inventory management is to - Answers - strike a balance between
inventory investment and customer service
which of the following is not a type of inventory?
raw material, MRP, work-in-process, or finished goods - Answers - MRP
Which of the following does not belong to holding costs?
a. storage costs
b. insurance on inventory
c. pilferage, scrap, and obsolescence
