Quiz 2: Strategy
Statistics
Q 1Q 1
An operations and supply chain strategy must be integrated with the organization's corporate strategy.
Free
True False
True
Q 2Q 2
One of the competitive dimensions that form the competitive position of a company when planning its strategies is cost.
Free
True False
True
Q 3Q 3
One of the competitive dimensions that form the competitive position of a company when planning its strategies is delivery speed.
Free
True False
True
Q 4Q 4
One of the competitive dimensions that form the competitive position of a company when planning its strategies is making the best trade-off.
Free
True False
Q 5Q 5
The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features, services, and technologies into its current portfolio is called flexibility.
Free
True False
Q 6Q 6
The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features, services, and technologies into its current portfolio it is called straddling.
Free
True False
Q 7Q 7
By following a straddling strategy, firms can broaden their capabilities and effectively compete with more focused firms in markets requiring low cost for success.
Free
True False
Q 8Q 8
An order winner is a set of criteria that differentiates the products or services of one firm from another.
Free
True False
Q 9Q 9
An order winner is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.
Free
True False
Q 10Q 10
An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.
Free
True False
Q 11Q 11
Activity-system maps show how a company's strategy is delivered through a set of tailored activities.
Free
True False
Q 12Q 12
Activity-system maps are useful in understanding how well a system of activities fits the overall company's strategy.
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True False
Free
True False
Q 14Q 14
An operations strategy must resist change because of the long-term nature of equipment and personnel investments.
Free
True False
Q 15Q 15
Operations and supply strategy can be viewed as part of a planning process that coordinates operational goals with those of the larger organization.
Free
True False
Q 16Q 16
Infrastructure decisions within operations strategy include the selection of the appropriate technology, the role of inventory, and the location of facilities.
Free
True False
Q 17Q 17
Infrastructure decisions within operations strategy include the selection of the logic associated with the planning and control systems
Free
True False
Q 18Q 18
Once an operations strategy is adopted and articulated, the primary emphasis becomes perfecting the system of activities that make up the strategy through detailed refinements over a long period of time.
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True False
Q 19Q 19
The job of operations and supply chain strategy is to deliver the most feature-rich, highest quality product at the lowest price within specified parameters of delivery time and customization.
Free
True False
Free
True False
Q 21Q 21
In a partial measure of productivity, the denominator of the ratio would include all resources used or all inputs.
Free
True False
Q 22Q 22
In a multifactor measure of productivity, the numerator of the ratio would include all resources used or all inputs.
Free
True False
Q 23Q 23
The triple bottom line considers evaluating the firm against social, economic, and environmental criteria.
Free
True False
Q 24Q 24
Sustainability means meeting a firm's current needs without excessively compromising the ability of future generations to meet their own needs.
Free
True False
Q 25Q 25
The social impact of the triple bottom line concept pertains to fair and beneficial business practices toward labor, the community, and the region in which a firm conducts its business.
Free
True False
Q 26Q 26
A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.
Free
True False
Q 27Q 27
According to the economic aspect of the triple bottom line concept, the firm is required to compensate shareholders by paying dividends and growing the value of their common stock faster than their competitors.
Free
True False
Q 28Q 28
Within a sustainability framework, the economic dimension of the triple bottom line concept goes beyond just profit for the firm but also provides lasting economic benefit to society.
Free
True False
Q 29Q 29
Within a sustainability framework, the environmental dimension of the triple bottom line concept has to do with labor, the community, and the region in which a firm conducts its business.
Free
True False
Q 30Q 30
Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position?
A)Cost or price
B)Delivery speed
C)Delivery reliability
D)Management acumen
E)Coping with changes in demand
Free
Multiple Choice
Q 31Q 31
A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following?
A)Cost or price
B)Focus
C)Automation
D)Straddling
E)Activity-system mapping
Free
Multiple Choice
Q 32Q 32
When developing an operations and supply chain strategy, which of the following is an important product-specific criterion to consider?
A)Technical liaison
B)Learning curve
C)Competitor's product performance
D)Production lot size
E)Total quality management
Free
Multiple Choice
Q 33Q 33
In development of an operations and supply chain strategy, which of the following may be an important product-specific criteria to consider?
A)Focus
B)Production lot size
C)Supplier after-sale support
D)Learning curve
E)Total quality management
Free
Multiple Choice
Q 34Q 34
When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called?
A)Operations capability analysis
B)Straddling
C)Order qualifying
D)Order winning
E)Inter-functional analysis
Free
Multiple Choice
Q 35Q 35
An activity-system map is which of the following?
A)A network guide to route airlines
B)A listing of activities that make up a project
C)A diagram that shows how a company's strategy is delivered to customers
D)A facility layout schematic noting what is done where
E)A timeline displaying major planned events
Free
Multiple Choice
Q 36Q 36
Which of the following is a partial measure of productivity?
A)Output/Materials
B)Output/(Labor + Capital + Energy)
C)Output/All resources used
D)Output/Inputs
E)All of these
Free
Multiple Choice
Q 37Q 37
Which of the following is a multifactor measure of productivity?
A)Output/(Materials)
B)Output/(Labor + Capital + Energy)
C)Output/All resources used
D)Output/Inputs
E)All of these
Free
Multiple Choice
Q 38Q 38
Which of the following is a total measure of productivity?
A)Output/Materials
B)Output/(Labor + Capital + Energy)
C)Output/Labor
D)Output/Inputs
E)All of these
Free
Multiple Choice
Q 39Q 39
If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, what kind of productivity measure could you use to compute productivity?
A)Partial measure
B)Multifactor measure
C)Total measure
D)Global measure
E)All of these
Free
Multiple Choice
Q 40Q 40
If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity?
A)Partial measure
B)Multifactor measure
C)Total measure
D)Partial measure and Multifactor measure
E)Multifactor measure and Total measure
Free
Multiple Choice
Q 41Q 41
The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours.Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?
A)1.000
B)1.428
C)0.700
D)0.411
E)None of these
Free
Multiple Choice
Q 42Q 42
The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours.Using the appropriate productivity measure, what is the resulting productivity ratio?
A)1.000
B)1.428
C)0.700
D)0.411
E)None of these
Free
Multiple Choice
Q 43Q 43
Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May.During both months, the shop employed six full-time (40 hours/week) workers.In April the firm also had four part-time workers working 25 hours per week, but in May there were only two part-time workers and they only worked 10 hours per week.What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?
A)-20.00%
B)-15.82%
C)8.98%
D)2.3%
E)-25.00%
Free
Multiple Choice
Q 44Q 44
Various financial data for SunPath Manufacturing for 2012 and 2013 follow.
What is the percentage change in SunPath's total productivity measure between 2012 and 2013?
A)-9.22
B)2.33
C)-0.53
D)2.88
E)10.39
Free
Multiple Choice
Q 45Q 45
Various financial data for SunPath Manufacturing for 2012 and 2013 follow.
What is the percentage change in the energy partial productivity measure for SunPath between 2012 and 2013?
A)-9.22%
B)2.33%
C)-0.53%
D)2.88%
E)22.2%
Free
Multiple Choice
Q 46Q 46
Various financial data for SunPath Manufacturing for 2012 and 2013 follow.
What is the percentage change in the labor partial productivity measure for SunPath between 2012 and 2013?
A)-9.22
B)2.33
C)-0.53
D)2.88
E)10.39
Free
Multiple Choice
Q 47Q 47
Various financial data for SunPath Manufacturing for 2012 and 2013 follow.
What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2012 and 2013?
A)-9.22
B)2.33
C)-0.53
D)-2.88
E)10.39
Free
Multiple Choice
Q 48Q 48
In a firm, if the employees attend a training program, then the time to assemble one unit reduces by 10%.Training program will
A)increase the labor productivity only
B)increase the multifactor productivity only
C)increase both labor and multifactor productivity
D)decrease capital productivity
E)have no effect on productivity.
Free
Multiple Choice
Q 49Q 49
Order winners and order qualifiers are
A)two identical ways to define characteristics of a product or services
B)order winner is a screening criterion
C)order qualifier is a differentiating criterion
D)both B and C are true
E)order winner is a differentiating criterion and order qualifier is a screening criterion
Free
Multiple Choice
Q 50Q 50
In a firm, all other things remaining the same, if the material usage per unit of final product decreases to half of the current usage, then the firm will
A)double the material productivity
B)increase the multifactor productivity
C)both A and B
D)decrease capital productivity
E)have no effect on productivity.
Free
Multiple Choice