According to the text, operation management is a set of activities that creates

Question

According to the text, operation management is a set of activities that creates value in form of goods and services by transforming inputs into outputs.

True

False

QUESTION 2

3 factors of productivity variables are capital, labor, management, technology and tools..

True

False

QUESTION 3

OM is important because it is one of the three major functions of any organization including marketing and finance/accounting.

True

False

QUESTION 4

Operations management is demanding, challenging, and exciting. It affects our lives every day. Ultimately, operation managers determine how well we live

True

False

QUESTION 5

Hard Rock café in Orlando, Florida, prepares 5000 meals each day. Operation managers serve hot food hotter and cold food, colder as its differentiation

True

False

QUESTION 6

A SWOT analysis is a formal review of External strength and weakness and External Opportunities and threats.

True

False

QUESTION 7

In the text, the mission statements for the following three organizations: Phizer, Coca Cola and North Well hospitals are explained  

True

False

QUESTION 8

According to a quiz post, the starting salary for an OM can be anywhere from 100 to 200K depending on position.

True

False

QUESTION 9

Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods and services.

True

False

QUESTION 10

Productivity is calculated by dividing units produced(output) by Input used.

True

False

QUESTION 11

Multifactor productivity is calculated by dividing input by several resource input such as labor, material, capital, etc..

True

False

QUESTION 12

Maintenance, quantity/quality, and layout and lean design are all part of the strategic OM decisions.

True

False

QUESTION 13

The ten strategic operations management decisions start with design of goods and services and end with Forecasting.

True

False

QUESTION 14

Process and capacity strategy is one of the ten strategic operation management decision which determines how a good or service is produced

True

False

QUESTION 15

About 40% of all jobs are in OM

True

False

QUESTION 16

Assignment 2 has three excel projects, computing labor and manufacturing productivity, factor rating analysis, and Microsoft project.

True

False

QUESTION 17

About 70% of Hard Rock guest are tourist and more than 40% of the revenue comes from the retail rather than food.

True

False

QUESTION 18

Hard Rock café brings the concepts of the “experience economy” to its café operations.

True

False

QUESTION 19

Productivity increase when inputs decrease while outputs remain the same.

True

False

QUESTION 20

Globalization means customer, talent and suppliers are wordwide and company profile is everywhere.

True

False

QUESTION 21

1.    The three strategic approaches to competitive advantage are differentiation, cost leadership, and response.

True

False

QUESTION 22

1.    Human effort, technology, raw materials, information and time are all examples of the necessary inputs to operations.

True

False

QUESTION 23

1.    Supply Chain can be improved by locating facilities domestically where unique resources are available.

True

False

QUESTION 24

1.    Location and layout space design are the same thing in the ten decision strategies.

True

False

QUESTION 25

1.                    In the U.S., the service sector provides almost 80% of all jobs.

True

False

QUESTION 26

1.    an international strategy is a strategy that penetrates global markets by using exports and licenses.

True

False

QUESTION 27

1.    The three basic functions of business organizations are: finance, operations, and marketing.

True

False

QUESTION 28

1.    We study OM because it’s an inexpensive part of an organization and it’s about how the service is produced.

True

False

QUESTION 29

1.    Two bricklayers work together to build a 320 brick wall in an 8 hour work day. if they are paid $10 per hour, their productivity is $3.99.

True

False

QUESTION 30

1.    Is Competitive Advantage the relative performance of an organization compared to its competition; must have unique capabilities that produce greater financial results than competition.

True

False

QUESTION 31

1.    Value chain analysis can be defined as a way to analyze the five forces in the competitive environment.

True

False

QUESTION 32

1.    Competitive advantage is the creation of a unique disadvantage over competitors.

True

False

QUESTION 33

Sum of the product function in excel used in assignment 2 factor rating as well as text book.

True

False

QUESTION 34

1.    Stakeholders are those with a vested interest in an organization, including customers, distributors, employees and community members.

True

False

QUESTION 35

1.    Single factor productivity indicates the ratio of one resource (input) to the goods and services produced.

True

False

QUESTION 36

1.    An employee can potentially earn 20% more with a PMP certification?

True

False

QUESTION 37

1.    Manufacturers produce intangible products while service production are often tangible.

True

False

QUESTION 38

1.    Many products are a combination of a goods and services, which simplifies the definition of service by U.S. government.

True

False

QUESTION 39

1.    Response is a set of values related to rapid, flexible and reliable performance.

True

False

QUESTION 40

1.    The years 2005-2020 are known as globalization Era.

True

False

QUESTION 41

1.    Gantt charts, PERT/CPM where designed in globalization Era

True

False

QUESTION 42

1.    Cost focus, quality focus, customization focus, and globalization focus are significant events in operation management

True

False

QUESTION 43

1.    Teller scheduling is responsibility of marketing management instead of operation management

True

False

QUESTION 44

1.    Efficient production of goods and services does not require effective applications of concepts tools and techniques

True

False

QUESTION 45

Plant manager, operation manager, quality manager, suply-chain manager are jobs related to OM

True

False

QUESTION 46

You only need to discuss four days in each of the discussions.

True

False

QUESTION 47

According to Dr. Ebrahimi, everyone has two jobs. One is to do what suppose to do and the other is to improve it.

True

False

QUESTION 48

Product design usually determines the lower limits of costs and the upper limits of quality as important factors

True

False

QUESTION 49

Scheduling determine and implement intermediate, short term and how to intergrade the supply chain

True

False

QUESTION 50

An organization can have competitive advantage through some combination of product differentiation, low cost, and response.

True

False

Explanation / Answer

1. The given statement is TRUE.

2. 3 Productivity variables are the labor, capital, and the art and science of management. Hence the given statement is FALSE.

3. The given statement is TRUE

4. The given statement is FALSE.

As per Chegg's guideline, we are required to do only 4 parts of a question

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