TTU ISQS 3344 Flamm - Exam 1 Review
Questions and Answers | 100% Pass
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily - Answer-b
Wh...
standardized interchangeable parts made by machines to exact specifications
Henry Ford is notes for his contributions to - Answer✔✔-Assembly line
T or F: Operations management is applicable to only manufacturing - Answer✔✔-
False. It can also be applied to services
How can productivity be improved? - Answer✔✔-- Labor, capital, and management
- Basic education appropriate for the labor force
- Diet of the labor force
- Social overhead that makes labor available
What can complicate productivity measurement? - Answer✔✔-Not setting proper
standards for quality, external elements
Why is productivity more difficult to improve in the service sector? - Answer✔✔--
Typically labor-intensive
- Frequently focused on unique individual attributes or desires
- Often an intellectual task performed by professionals
- Often difficult to mechanize and automate
- Often difficult to evaluate for quality
Reasons to study operations management include learning about: - Answer✔✔-- how
people organize themselves for productive enterprise
- know how goods and services are produced
- understand what operations managers do
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