True/ False:

1. True/ False: Successful Operations Management will assist the organization in lowering costs, efficiently developing products/ outputs that ensure the long term sustainability of the organization.

1. True/ False: Cost, Scope & Materials are the 3 most critical parts of managing a project.

1. True/False: A Contract is an agreement between two or more parties.

1. True/ False: All organizations, including service firms such as banks and hospitals, have a production/ operations function.

1. True/ False: Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs.

1. True/ False: An organizations strategy is the purpose or rationale for its existence.

1. True/ False: To create goods and services, all organizations perform three functions. These include: Marketing, Production/ Operations, and Finance/ Accounting.

1. True/ False: The role of a project manager is to ensure that the project is on time, over budget and under control.

1. True/ False: Strategy is the external message an organization denotes to show the organization and its clients/ stakeholders where they are going and what they contribute to society.

1. True/ False: Standard Interviews are the most succinct type of interview tactics to use when you want to quantify if the candidate is the best behavioral/ cultural fit.

11.True/ False: Layoffs are typically triggered by downsizing, financial need, restructuring or elimination of roles.

1. True/ False: A performance plan is designed as a mechanism for the manager to legally gear up to terminate an employee