Question 20

A Capacity Lag strategy increases capacity while the demand lags behind.

Group of answer choices

True

False

Question 21

Process layouts arrange activities in a line according to the sequences of operations that need to be performed to assemble a particular product.

Group of answer choices

True

False

Question 22

Muthers grid is a format for displaying manager preferences for department locations.

Group of answer choices

True

False

Question 23

The flow time refers to the maximum amount of time a product is allowed to spend at each workstation.

Group of answer choices

True

False

Question 24

Operations is often defined as a....

Group of answer choices

Transformation Process

Physical Process

Manufacturing Process

Quality Process

Question 25

Characteristics of a product or service that allow it to be considered for purchase are known as:

Group of answer choices

Order Winners

Order Qualifiers

Core Competencies

Competitive Priorities

Question 26

Firms use Strategic Positioning as a means to compete. All of the following are positioning strategies except:

Group of answer choices

Size

Cost

Speed

Quality

Question 27

A planning system for translating corporate strategy into measurable objectives throughout the organization is known as:

Group of answer choices

Vertical integration

Balanced Scorecard

Policy Deployment

Vision Statement

Question 28

When probabilities can be assigned to the occurrence of states of nature in the future, the situation is referred to as

Group of answer choices

Decision making under certainty

Decision making under uncertainty

Decision making under risk

Decision making without risk

Question 29

Which of the following techniques is the most widely used decision-making criterion under risk?

Group of answer choices

Maximax

Maximin

Hurwicz

Expected Value Criterion