Mgt 314 - Study guides, Class notes & Summaries

All organizations, including service firms such as banks and hospitals, have a production function. - Answer- True An organization's process strategy - Answer- is concerned with how resources are transformed into goods and services 1) Self-directed teams may mean having no supervision on the factory floor. - Answer- True The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function. - Answer- True 2) The obje...

Nepotism (5) Where is it good and bad? - ~Showing favoritism in the hiring of family members. ~Bad: US (results in unequal opportunity among job applicants). ~Good: Some western cultures (family member is known commodity who can be trusted to be loyal) Different Roles of I/O Psychologists & HR Professionals in Making Effective HR Decisions (5) - ~I/O Psych: contributed to the process of making personnel decisions by developing assessment instruments, conducting validational research ...

All organizations, including service firms such as banks and hospitals, have a product function. T/F - True Which of the following are the primary functions of all organizations? - Marketing, operations, and finance /accounting The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function. T/F - True Which of the following would not be an operations function in a fast-food restaurant? - Advertiing and...

true - All organizations, including service firms such as banks and hospitals, have a production function. T/F true - The operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function marketing, operations, and finance/accounting - Which of the following are the primary functions of all organizations? advertising and promotion - Which of the following would not be an operations function in a fast-food res...

all organizations, including service firms such as banks and hospitals, have a production function - true the operations manager performs the management activities of planning, organizing, staffing, leading, and controlling of the OM function - True which of the following are the primary functions of all organizations - marketing, operations, and finance/accounting which of the following would not be an operations function in a fast-food restaurant - advertising and promotio...

Self-directed teams may mean having no supervision on the factory floor. - True The objective of a human resource strategy is to - D) manage labor and design jobs so people are effectively and efficiently utilized. A major challenge in inventory management is to maintain a balance between inventory investment and customer service. - True Four of the components of job design are - B) job specialization, job expansion, psychological components, and self-directed teams. Job ...

Operations Management - The set of activities that create value in the form of goods and services by transforming inputs into outputs Organizing to produce goods and services - Marketing - basic demand Production/Operations - creates the product Finance/Accounting - tracks how well the organization Why study OM - 3 major functions: we want to study how people organize themselves for productive enterprise we want (and need) to know how goods and services are produced we want ...