INSTITUTE OF MANAGEMENT SCIENCES PESHAWAR

Operations Management MBA (2016-18) Groups D & E

Quiz No. 01

Full Name:
Group:
Date: Wednesday, September 28, 2016

Identify True and False statements:

1 There are three basic business strategies: low cost, responsiveness, and differentiation. T
2 A low price strategy often requires a high volume of standardized goods. T
3 Productivity is computed as the ratio of input to output. F
4 Effective management of a supply chain can be a competitive advantage. T
5 A key goal of business organizations is to achieve a matching of supply and demand. T
6 The operations and sales functions are line functions, and all other functions are support functions. T
7 All processes exhibit variation that must be managed. T
8 Managers rely on metrics to help them manage and control operations. T
9 A mission should support the goals of an organization. T
10 A systems approach refers to the systems in an organization, such as its accounting system, F
transportation system, and the like.
11 The balanced scorecard approach is helpful for transforming goals into strategies for success. F
12 Productivity measurements are taken at various points in the transformation process for control F
purposes.
13 Assignable variation is the result of a deliberate choice of a business. F
14 Pareto phenomenon contends that improvements in a few key factors will have a major impact on T
operations.
15 Primary goal of systems approach is to achieve efficiency within subsystems. F
16 An order winner is an employee who wins the customer order. F
17 Order qualifiers refer to core competencies. F
18 Productivity will increase if we increase outputs and hold inputs constant. T
19 Operations management does not include managing quality. F
20 A supply chain is made up of a sequence of organizations and functions that provide goods or T
services.