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BUSI 411 Exam 1 – 202120 Spring 2021
BUSI
International Business (Liberty University)
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management decision making.
Topic: Operations Management and Decision Making
Question 2
3 out of 3 points
Which of the following is not an ongoing trend in manufacturing?
Selected Answer:
mass production for greater economies of scale
Response correct
Feedback:
MC Qu. 63 Which of the following is not an
ongoing... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 01-09 Describe current issues in
business that
impact operations management.
Topic: Operations Today
Question 3
3 out of 3 points
Knowledge skills usually don't include:
Selected Answer:
communication skills.
Response correct
Feedback:
MC Qu. 49 Knowledge skills
usually... AACSB: Reflective
Thinking Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 01-06 Describe the operations function
and the
nature of the operations manager's job.
Topic: Career Opportunities and Professional Societies
Question 4
3 out of 3 points
Technology choices can have a major impact on:
Selected Answer: all of the above.
Response correct
Feedback:
MC Qu. 42 Technology choices
can... AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Define the terms operations
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management and supply
chain.
Topic: Introduction
Question 5
3 out of 3 points
Which one of the following would not generally be classified under the
heading of transformation?
Selected Answer: staffing
Response correct
Feedback:
MC Qu. 45 Which one of the following would not
generally... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms:
Remember
Difficulty: 3 Hard
Learning Objective: 01-01 Define the terms operations
management and supply chain.
Topic: Introduction
Question 6
3 out of 3 points
Where a firm locates would typically not affect that firm's:
Selected Answer: strategy.
Response correct
Feedback:
MC Qu. 32 Where a firm locates would typically
not... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-01 List several ways that
business
organizations compete.
Topic: Mission and Strategies
Question 7
3 out of 3 points
is generally used to facilitate an organization strategy that
emphasizes low cost.
Selected Answer: Standardization
Response correct
Feedback:
MC Qu. 68
is generally used to
facilitate... AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
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Blooms:
Understand
Difficulty: 1 Easy
Learning Objective: 02-04 Discuss and compare organization
strategy
and operations strategy and explain why it is
important to link the two.
Topic: Implications of Organization
Strategy for Operations Management
Question 8
3 out of 3 points
Which of the following is not a reason for poor performance of our
organization in the marketplace?
Selected
Answer:
taking advantage of strengths/opportunities, and
recognizing
competitive threats
Response correct
Feedback:
MC Qu. 57 Which of the following is not a
reason for...
AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 3 Hard
Learning Objective: 02-02 Name several reasons that business
organizations fail.
Topic: Competitiveness
Question 9
3 out of 3 points
Core competencies in organizations generally do not relate to:
Selected Answer: sales price.
Response correct
Feedback:
MC Qu. 51 Core competencies in organizations
generally... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-03 Define the terms mission and
strategy and
explain why they are important.
Topic: Mission and Strategies
Question 10
3 out of 3 points
Which of the following is true?
Selected Answer:
Functional strategies are shaped by corporate strategy.
Response correct
Feedback:
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MC Qu. 50 Which of the following
is... AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 3 Hard
Learning Objective: 02-04 Discuss and compare organization
strategy
and operations strategy and explain why it is
important to link the two. Topic: Mission and Strategies
Question 11
3 out of 3 points
The president of State University wants to forecast student
enrollments for this academic year based on the following historical
data:
What is the forecast for this year using a four-year simple moving average?
Selected Answer: 18,750
Response Feedback: correct
MC Qu. 106 The president of State University wants
to...
AACSB: Analytic
Accessibility: Keyboard Navigation
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 03-08 Prepare a moving average
forecast. Topic: Forecasts Based on Time-Series Data
Question 12
3 out of 3 points
The mean absolute deviation is used to:
Selected Answer: measure forecast accuracy.
Response correct
Feedback:
MC Qu. 90 The mean absolute deviation is
used to:
AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms:
Remember
Difficulty: 2 Medium
Learning Objective: 03-05 Summarize forecast errors and
use
summaries to make decisions.
Topic: Forecast Accuracy
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Year Enrollment
s
5 Years ago 15,000
4 Years ago 16,000
3 Years ago 18,000
2 Years ago 20,000
Last Year 21,000
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Question 13
3 out of 3 points
When choosing a forecasting technique, a critical trade-off that must be
considered is that between:
Selected Answer: cost and accuracy.
Response correct
Feedback:
MC Qu. 50 When choosing a forecasting
technique, a... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 03-16 Describe the key factors and
trade-offs to
consider when choosing a forecasting
technique.
Topic: Choosing a Forecasting Technique
Question 14
3 out of 3 points
The owner of Darkest Tans Unlimited in a local mall is forecasting this
month's (October's) demand for the one new tanning booth based on the
following historical data:
What is the monthly rate of change (slope) of the least squares trend line
for these data?
Selected Answer: 8
Response Feedback: correct
MC Qu. 133 The owner of Darkest Tans Unlimited in a...
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 03-11 Prepare a linear trend
forecast. Topic: Forecasts Based on Time-Series Data
Question 15
0 out of 3 points
The business analyst for Video Sales, Inc. wants to forecast this year's
demand for
DVD decoders based on the following historical data:
Year Demand
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Mont
h
Number of
Visits
April 100
May 140
June 110
July 150
August 120
September 160
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What is the forecast for this year using the naive approach?
Selected Answer: 300
Response Feedback: incorrect
MC Qu. 110 The business analyst for Video Sales, Inc...
AACSB: Analytic
Accessibility: Keyboard Navigation
Blooms: Apply
Difficulty: 1 Easy
Topic: Forecasts Based on Time-Series Data
Question 16
3 out of 3 points
Products or services with a high degree of similarity of features and
components are called:
Selected Answer:
product families.
Response Delineating product families helps lead to component
Feedback: commonality.
MC Qu. 58 Products or services with a high degree
of... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 04-10 Discuss several key issues in
product or
service design.
Topic: Designing for Production
Question 17
3 out of 3 points
Making plans for how products that have reached the end of their useful
lives will be dealt with is the primary subject of:
Selected Answer: end-of-life programs.
Response
End-of-life (EOL) programs deal with products that have reached
the
Feedback: end of their useful lives.
MC Qu. 71 Making plans for how products that
have...
AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms:
Remember
Difficulty: 2 Medium
5 Years ago 900
4 Years ago 700
3 Years ago 600
2 Years ago 500
Last Year 300
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Learning Objective: 04-07 Explain the purpose and goal of life
cycle
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assessment.
Topic: Environmental Factors: Sustainability
Question 18
3 out of 3 points
The term "degrees of newness" is associated with:
Selected Answer: degree of design change.
Response correct
Feedback:
MC Qu. 67 The term degrees of newness is
associated... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 3 Hard
Learning Objective: 04-10 Discuss several key issues in
product or
service design.
Topic: Other Design Considerations
Question 19
3 out of 3 points
Incorporating design for disassembly principles in product design helps firms
with
design issues.
Selected Answer: reuse
Response Refurbished products must first be disassembled.
Feedback:
MC Qu. 48 Incorporating design for disassembly...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 04-06 Discuss the importance of legal, ethical,
and
sustainability considerations in product and service design.
Topic: Environmental Factors: Sustainability
Question 20
3 out of 3 points
The research and development activity which starts after positive research
results are available and attempts to turn these results into useful commercial
applications is:
Selected Answer: development.
Response Development is the conversion of applied research into useful
Feedback: commercial applications.
MC Qu. 56 The research and development activity
which... AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
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Blooms:
Remember
Difficulty: 2
Medium
Learning Objective: 04-05 List some of the main sources of
design
ideas.
Topic: Idea Generation
Question 21
3 out of 3 points
Companies are either producing goods or delivering services. This means
that only one of the two types of operations management strategies are
used.
Selected Answer: False
Response There are very few pure goods or pure services, so most
companies sell
Feedback: product packages which combine goods and services. Therefore,
most
production systems involve a blend of goods and services.
TF Qu. 3 Companies are either producing goods
or... AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-02 Identify similarities and differences
between
production and service operations.
Topic: Introduction to Operations
Management Topic: Production of Goods
versus Providing Services
Question 22
3 out of 3 points
National productivity is determined by averaging the productivity measures of
various companies or industries.
Selected Answer: False
Response National productivity is determined by dividing inputs by outputs
across
Feedback: a national economy; averaging industry measures would lead
to a
distorted estimate.
TF Qu. 15 National productivity is determined by...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 02-06 Define the term productivity and
explain why
it is important to organizations and to countries.
Topic: Productivity
Question 23
3 out of 3 points
In order to compute seasonal relatives, the trend of past data must be
computed or
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known, which means that for brand-new products this approach cannot be
used.
Selected Answer: True
Response Computing seasonal relatives depends on past data being
Feedback: available.
TF Qu. 31 In order to compute seasonal relatives, the...
AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms:
Understand
Difficulty: 2 Medium
Learning Objective: 03-13 Compute and use seasonal
relatives. Topic: Forecasts Based on Time-Series Data
Question 24
3 out of 3 points
Quality function deployment is a structured approach that
guarantees that the highest-quality product or service will be
designed.
Selected Answer: False
Response Quality function deployment ensures that the voice of the
customer is
Feedback: integrated into the product or service design question.
TF Qu. 23 Quality function deployment is a
structured... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 04-10 Discuss several key issues in
product or
service design.
Topic: Other Design Considerations
Question 25
3 out of 3 points
Concurrent engineering is another term for sequential development.
Selected Answer: False
Response Concurrent engineering involves simultaneous product and
Feedback: production development.
TF Qu. 3 Concurrent engineering is another term
for... AACSB: Reflective Thinking
Accessibility: Keyboard
Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 04-10 Discuss several key issues in
product or
service design.
Topic: Designing for Production
Friday, January 22, 2021 7:50:17 PM EST
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