* 75 minutes is maximum time allowed. *No mobile devices allowed in class during exam "Calculators are provided in class. *One 8.5 inch by 11 inch (standard paper) allowed for exam reference * Recognize the risk of compromising on academic integrity it can hurt you. *Exams will be retained by the professor and available for review during office hours * True or False questions are 2 points each. *Multiple Choice questions are 3 points each * Calculation problems are 5 points each - need to show work for full credit. Balance will be 2 points for correct answer and 3 points for showing work that leads to the correct answer TRUE/FALSE. Write T if the statement is true and "F" if the statement is false. (points each) 1) At a factory, the transformation process is the physical change of raw materials and components into products 1) 2) Operations management is the business function that plans, coordinates, and controls the resources needed to produce a company's products and services. Additionally, operations management is the central core function of every company 2) 4) 3) The later that defects are found, the less costly they are to correct 3) 4) An organization develops its business strategy by doing environmental scanning considering its mission and evaluating its core competencies. 5) An operations strategy covers a relatively short time horizon, whereas a business Strategy 5) covers a relatively long time horizon 6) 6) Environmental scanning allows an organization to identify opportunities and threats. 7) Operations strategy is developed before the business strategy so the company knows what it will be producing before establishing a long range business strategy 7) 8) A common difference between intermittent and repetitive operations is degree of product standardization. 9) 9) Understanding the stages of the life cycle is important for product design purposes