Date 04/18/2019 GOOD LUCK! Instructions: READ CAREFULLY and answer the following questions and problems, there is only one BEST answer for the multiple choice questions CELLS PHONE ON THE TABLE Part 1 are used to express the reason of being. a. Core competencies b. Mission statements c. Policy manuals e. company quantitative objectives d. Codes of conduct 2. Which of the following is not an input to the strategic planning process? a. Company culture b. Company resourcesc. Customers d. Company strengths e. The company's org 3. The three phases involved in the management of large projects are a. planning. scheduling, evaluating c. scheduling, designing, operating e. none of the previous b. scheduling, operating, evaluating d. planning, scheduling, controlling 4. If you have to crash an activity you crash first in I. the shortest path per unit II. The least cost per unit III. The longest path IV. The highest cost d. III & IV a. s. The essence of the operations function is to ad value in the phase b. transformation/convert process e. financial information c. marketing a. Planning stage d. obtaining inputs 6. The Deming Quality Award in a. Europe e. none of the previous d. Brazil c. Japan b. the USA 7. Associate the couples (4 points) a. Deming b. Ishikawa c. Juran d. Shewhart i. Fitness for use ii. 14 points philosophy iii. Control Chart iv. Fishbone Diagram 8. Which of the following is NOT a cost readily identified with inventory management c.cost of holding inventory b. cost of not having stock on hand e. none of the previous a. cost of selling inventory d. cost of acquiring inventory 9 chh ollwv cary ing b. the opportunity cost of funds invested in inventory c. storage costs e. none of the previous surance on the inventory d. receiving costs 10. The discount model includes a. holding cost d. all of the previous b. ordering cost c. cost of the item e. none of the previous