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| 1 | |
Which of the following is best described as a company's system of value-creation activities used to transform inputs into finished goods and services? |
| | A) | Materials management |
| | B) | Work-in-process goods |
| | C) | Distribution management |
| | D) | Operations |
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| 2 | |
At which stage of an organization's operations and materials management process would skills, knowledge, and machine experts most likely to be considered vital factors? |
| | A) | Operations stage |
| | B) | Output stage |
| | C) | Secondary stage |
| | D) | Input stage |
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| 3 | |
Of the following, which one is not considered a necessary building block that would assist an organization in gaining a competitive advantage over its competitors? |
| | A) | Product quality |
| | B) | Customer responsiveness |
| | C) | Product quota achievement |
| | D) | Innovation |
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| 4 | |
Under which method associated with operations and materials management would an organization be most likely to exhibit better ways to use resources, reduction of time to process customer orders, and lower inventory holding costs? |
| | A) | Increase customer responsiveness |
| | B) | Increase productivity |
| | C) | Increase innovation |
| | D) | Increase quality |
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| 5 | |
All of the following costs except _______ are considered to be main sources of operating costs affected by operations and materials management. |
| | A) | administrative |
| | B) | inventory |
| | C) | distribution |
| | D) | labor |
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| 6 | |
_________ include the cost of the machinery, computers, tools, buildings, and equipment needed to transform inputs into finished products. |
| | A) | Raw materials and component costs |
| | B) | Labor costs |
| | C) | Inventory costs |
| | D) | Plant costs |
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| 7 | |
U.S. companies' manufacturing plants in cities along the Mexican border are known as ___________. |
| | A) | cost-saving production |
| | B) | global outsourcing |
| | C) | maquiladoras |
| | D) | competitive advantage achievement |
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| 8 | |
______ is the quantity of resources such as materials, supplies, and goods an organization has in stock. |
| | A) | Maquiladora |
| | B) | Competitive advantage |
| | C) | Inventory |
| | D) | Work-in-process |
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| 9 | |
When a company has several partially finished goods and services that are still moving through its production process, it can be stated it has _______ goods. |
| | A) | sufficient inventory |
| | B) | work-in-process |
| | C) | input |
| | D) | partial output |
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| 10 | |
Products that are specifically designed to match the needs of individual customers are considered _________ products. |
| | A) | mass production |
| | B) | specialized |
| | C) | small-batch production |
| | D) | customized |
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