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OMGT Test 1 True/False Exam Questions with Latest Update
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OMGT Test 1 True/False Exam Questions with Latest Update
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OMGT Test 1 True/False Exam Questionswith Latest Update
The Logistics function of a supply chain would include Marketing and Engineering as its
key inter-organizational participants. - Answer-False
The association for operations management is AOM. - Answer-False
To avoid supply chain problems, firms must manage relationships with their
downstream suppliers as well as their upstream customers. - Answer-False
E-commerce is the component of a supply chain that is the most susceptible to
breakdown. - Answer-False
Of the three flows linking organizations in a supply chain, information and monetary
flows always move upstream and physical flows always move downstream. - Answer-
False
Every organization has an operations function. - Answer-True
The drive for efficiency has decreased the level of globalization in the world economy
over the last twenty years. - Answer-False
Electronic commerce refers to the use of information technology solutions to automate
business transactions. - Answer-True
Most of the participants in a supply chain are both suppliers and customers. - Answer-
True
A second-tier supplier is downstream from a first-tier supplier in the supply chain. -
Answer-False
In general, operations management activities are information and decision intensive. -
Answer-True
Inputs to the transformation process are tangible, but the outputs may be tangible or
intangible. - Answer-False
The transformation process can be used to describe the production of intangible
services. - Answer-True
Information and materials are two examples of inputs to the transformation process. -
Answer-True
, To participate in a supply chain, a firm must actually handle the physical goods at some
point. - Answer-False
The supply chain is a network of manufacturers and service providers that work
together to convert and move goods from the raw materials stage to the end user. -
Answer-True
Most organizations function as part of a larger supply chain - Answer-True
A business is defined by its structural and infrastructural elements. - Answer-True
A mechanism that identifies a firm's targeted customers and sets time frames and
performance objectives for the business is called a mission statement. - Answer-False
The vision statement addresses a company's reason for existence, core values, and
domain. - Answer-False
As long as each functional area in a company operates efficiently, their strategies can
be very different. - Answer-False
In general, core competencies make excellent strategies. - Answer-True
The operations and supply chain strategy is a functional strategy that is, by definition,
an infrastructural strategy. - Answer-False
Conformance quality addresses whether the product was made or the service
performed to specifications. - Answer-True
If a logistics firm consistently makes deliveries within the agreed upon delivery window,
they are exhibiting delivery reliability. - Answer-True
Changeover flexibility of a company to change production quickly from one product to
another, thereby producing a wide range of products. - Answer-False
Volume flexibility is the term used to describe the ability of a producer to produce a
dazzling array of products or services. - Answer-False
Darrell and Dave were fierce competitors, which drove both of them to overpay for many
of their inputs, resulting in increased prices at their own stores. Dave realized this, and
pondered how he could be recognized as a cost leader by his customers and maintain
his reputation for quality merchandise. Sacrificing one element of his strategy at the
expense of another is recognized as a trade-off in operations management. - Answer-
True
"I've never seen flavored marshmallows this size before!" Alice squealed as she
emptied the shelves at the local grocery store. The rest of the shoppers would have to
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