BUS 2501 Chapters 1-13 Latest Testbank Latest Solution Updated 2023/2024

BUS 2501 Chapters 1-13 Latest Testbank Latest Solution Updated 2023/2024 Chapter 01 Introduction to Operations Management True / False Questions 1. As a service business, the operations management activities of an airline company have nothing in common with the operations management activities within a bicycle manufacturing company. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-01 Define the term operations management and identify operations management jobs. Topic: 01-01 Introduction 2. Operations managers are responsible for managing activities and resources that produce goods and/or provide services. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 01-01 Define the term operations management and identify operations management jobs. Topic: 01-01 Introduction 3. Effectiveness refers to achieving intended goals whereas efficiency refers to minimizing cost and time. TRUE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-01 Define the term operations management and identify operations management jobs. Topic: 01-01 Introduction 4. Operations, marketing, and finance function independently of each other in most organizations. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-02 Identify the three major functions of organizations and describe how they interact. Topic: 01-04 Functions within Organizations 5. The operations function exists only in firms that are goods-oriented. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 01-02 Identify the three major functions of organizations and describe how they interact. Topic: 01-04 Functions within Organizations 6. Operations management pertains almost exclusively to the management of manufacturing operations. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 01-01 Define the term operations management and identify operations management jobs. Topic: 01-01 Introduction 7. Value-added refers to the cost of the inputs required to produce goods and services. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-02 Identify the three major functions of organizations and describe how they interact. Topic: 01-05 Operations 8. As long as a product is ready in advance of when customers demand it, the timing of when a product is manufactured does not influence the value-added. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-02 Identify the three major functions of organizations and describe how they interact. Topic: 01-05 Operations 9. Storing an item earlier than the scheduled delivery date is an example of a value adding activity. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-02 Identify the three major functions of organizations and describe how they interact. Topic: 01-05 Operations 10. Management information systems (MIS) are concerned with providing management with the information it needs to effectively manage. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 01-02 Identify the three major functions of organizations and describe how they interact. Topic: 01-08 Other Functions 11. Operations management involves both system design and planning/control decisions. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 01-03 Describe the scope of operations management and provide an overview of this textbook; including differentiating between design and planning/control decisions. Topic: 01-09 The Scope of Operations Management 12. System design decisions have very little impact on planning/control decisions. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-03 Describe the scope of operations management and provide an overview of this textbook; including differentiating between design and planning/control decisions. Topic: 01-09 The Scope of Operations Management 13. An example of an operations control decision is the choice of location. FALSE Accessibility: Keyboard Navigation Difficulty: Hard Learning Objective: 01-03 Describe the scope of operations management and provide an overview of this textbook; including differentiating between design and planning/control decisions. Topic: 01-09 The Scope of Operations Management 14. Scheduling jobs is a system design decision and not a planning decision. FALSE Accessibility: Keyboard Navigation Difficulty: Medium Learning Objective: 01-03 Describe the scope of operations management and provide an overview of this textbook; including differentiating between design and planning/control decisions. Topic: 01-09 The Scope of Operations Management 15. Design decisions are usually strategic and long term, while planning decisions are tactical and medium term. TRUE