MQM 227 test 1 Questions and Answers
100% Correct
The goods-services continuum consists of which set of the following
categories? - 🧠 ANSWER ✔✔Pure goods, core goods, core services, pure
services
Which of the following is not a characteristic that distinguishes services
from goods? - 🧠 ANSWER ✔✔Service jobs are unskilled.
Which of the following are defined as core goods? - 🧠 ANSWER ✔✔Data
storage systems
Which of the following is not a way that operations and supply processes
are categorized? - 🧠 ANSWER ✔✔Selecting
,All other things remaining the same, if the sales revenue increases, asset
turnover ratio will - 🧠 ANSWER ✔✔Increase
Which of the following is not a major strategic operational competitive
dimension that forms a company's competitive position? - 🧠 ANSWER
✔✔Management acumen
When a company seeks to match the benefits of a successful position while
maintaining its existing position in offering customers a variety of differing
services, what is this process called? - 🧠 ANSWER ✔✔Straddling
Which of the following is a partial measure of productivity? - 🧠 ANSWER
✔✔Output/Materials
Which of the following is a total measure of productivity? - 🧠 ANSWER
✔✔Output/Inputs
If all you knew about a production system was that total daily output was
400 units and the total labor necessary to produce the 400 units was 350
hours, and the total materials used were 425 units, what kind of productivity
measure could you use to compute productivity? - 🧠 ANSWER ✔✔Partial
measure and Multifactor measure
, The total output from a production system in one day is 900 units and the
total labor necessary to produce the 900 units is 900 hours. Using the
appropriate productivity measure, what is the resulting productivity ratio? -
🧠 ANSWER ✔✔1000
In a firm, if the employees attend a training program, then the time to
assemble one unit reduces by 10%. Training program will - 🧠 ANSWER
✔✔increase both labor and multifactor productivity
In a firm, all other things remaining the same, if the material usage per unit
of final product decreases to half of the current usage, then the firm will - 🧠
ANSWER ✔✔increase the multifactor productivity and double the material
productivity
The ability to rapidly and inexpensively switch production from one product
to another enables what are sometimes referred to as: - 🧠 ANSWER
✔✔Economies of scope
Capacity planning involving acquisition or disposal of fixed assets such as
buildings, equipment or facilities is considered as which one of the following
planning horizons? - 🧠 ANSWER ✔✔Long range
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100% Correct
The goods-services continuum consists of which set of the following
categories? - 🧠 ANSWER ✔✔Pure goods, core goods, core services, pure
services
Which of the following is not a characteristic that distinguishes services
from goods? - 🧠 ANSWER ✔✔Service jobs are unskilled.
Which of the following are defined as core goods? - 🧠 ANSWER ✔✔Data
storage systems
Which of the following is not a way that operations and supply processes
are categorized? - 🧠 ANSWER ✔✔Selecting
,All other things remaining the same, if the sales revenue increases, asset
turnover ratio will - 🧠 ANSWER ✔✔Increase
Which of the following is not a major strategic operational competitive
dimension that forms a company's competitive position? - 🧠 ANSWER
✔✔Management acumen
When a company seeks to match the benefits of a successful position while
maintaining its existing position in offering customers a variety of differing
services, what is this process called? - 🧠 ANSWER ✔✔Straddling
Which of the following is a partial measure of productivity? - 🧠 ANSWER
✔✔Output/Materials
Which of the following is a total measure of productivity? - 🧠 ANSWER
✔✔Output/Inputs
If all you knew about a production system was that total daily output was
400 units and the total labor necessary to produce the 400 units was 350
hours, and the total materials used were 425 units, what kind of productivity
measure could you use to compute productivity? - 🧠 ANSWER ✔✔Partial
measure and Multifactor measure
, The total output from a production system in one day is 900 units and the
total labor necessary to produce the 900 units is 900 hours. Using the
appropriate productivity measure, what is the resulting productivity ratio? -
🧠 ANSWER ✔✔1000
In a firm, if the employees attend a training program, then the time to
assemble one unit reduces by 10%. Training program will - 🧠 ANSWER
✔✔increase both labor and multifactor productivity
In a firm, all other things remaining the same, if the material usage per unit
of final product decreases to half of the current usage, then the firm will - 🧠
ANSWER ✔✔increase the multifactor productivity and double the material
productivity
The ability to rapidly and inexpensively switch production from one product
to another enables what are sometimes referred to as: - 🧠 ANSWER
✔✔Economies of scope
Capacity planning involving acquisition or disposal of fixed assets such as
buildings, equipment or facilities is considered as which one of the following
planning horizons? - 🧠 ANSWER ✔✔Long range
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
