Circle the correct response for each question. Make sure that your answer is cle
ID: 366691 • Letter: C
Question
Circle the correct response for each question. Make sure that your answer is clearly marked 01) Operations management is applicable: A) Mostly to the service sector B) To services exclusively C) Mostly to the manufacturing sector. D) to all firms, whether manufacturing or service. E) To the manufacturing sector exclusively 02) Which of the following is NOT an element of the management process? A) Controlling B) Leading C) Planning D) Pricing E) Staffing 03) The 10 strategic operations management decisions include: A) Layout strategy. B) Maintenance. C) Process and capacity design. D) Managing quality E) all of the above. 04) Three commonly used productivity variables are: A) Quality, external elements, and precise units of measure. B) Labor, capital, and management. C) Technology, raw materials, and labor D) Education, diet, and social overhead. E) Quality, efficiency, and low cost. 05) A strategy is a (n): A) Set of opportunities in the marketplace. B) Broad statement of purpose. C) Simulation used to test various product line options. D) Plan for cost reduction. E) Action plan to achieve the mission. 06) Which of the following resources is important to implement a strategy? A) financial B) physical C) human D) technological E) all of the above 07) Which of the following is NOT part of the life cycle of a product? A) introduction B) development C) growthExplanation / Answer
01) The correct answer is option d.
Operations management is the functional area which focus on designing and controlling the production process and helps in redesigning the business operations which can produce goods and services efficiently and effectively. It focuses on how people organize themselves for productive enterprise means being efficient and how effectively they can produce goods and services in terms of meeting customer requirements. Operation management also gives the clear picture about the role played by operation managers in order to control the production process. Operation management also focus on minimizing the cost of production. Operation management is the costly part of the enterprise because it includes production resource, human resource, supply chain etc.