Mgt test - Study guides, Class notes & Summaries

Supply Management Defined correct answers Sourcing decisions and purchasing activities (collectively Supply Management) serve to link a company with its upstream supply chain partners Supply Management is..... correct answers ...the broad set of activities carried out by organizations to: - analyze sourcing opportunities - develop sourcing strategies - select suppliers - analyze and negotiate price and cost - carry out all the activities required to procure goods and services Why...

Henry Ford had a rule when hiring executives: "if they salted their food before they tasted it, then they would be poor decision makers and they were not hired." This is an example of - Answer-a programmed decision non-programmed decisions are associated with decisions made under conditions of - Answer-both uncertainty and risk A retail store uses a cognitive ability test to hire candidates for a managerial position. They have found when they use a cut-score of 115 (an above average IQ s...

Which of the following would NOT be a moment of truth? - Amswer-your car will not start when it is time to go to the restaurant Internal customers are - Amswer-the employees Anyone who receives or benefits from the output of someone's work is - Amswer-a guest Quality guest service requires that we - Amswer-understand our guest's needs Guest calls for reservations and a guest welcome are both examples of what? - Amswer-Moments of Truth Inseparability refers to - Amswer-the fact that prod...

Which of the following product characteristics are more conducive to a Responsive Supply chain? Select all that apply. High Demand uncertainty High profit margins Which of the following product characteristics are more conducive to an Efficient Supply chain? Select all that apply predictable/stable demand low demand uncertainty low profit margins

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