Quiz 1 - Introduction To Operations Management
Quiz 1 - Introduction To Operations Management
The dimensions of operations, the 4V’s, are associated with impact on costs. Higher cost efficiency is
usually associated with which of the following:
Operations can be classified according to their volume and variety of production as well as the degree of
variation and visibility.
Which of the following operations would be classified as high volume: low variety?
Operations typically differ across the dimensions of operations. Please match the following element with
most appropriate dimension.
When we talk about performance objectives, we refer to the concept of trade off’s.
Which is the best example of this idea?
Select one:
□ a. How much output we are happy to sell at a discount
□ b. How much flexibility we’re willing to sacrifice to achieve improvements in cost
□ c. How much cost efficiency we want to achieve in the long term
Operations tend to use a mixture of inputs in their processes, but, one type of input would be
predominant.
Match the operation to the predominantly processed input.
Shopping Center
Choose:
Capital
Inputs
Materials
Customers
Information
UK Postal Service
Choose:
Capital
Inputs
Materials
Customers
Information
Logistics Company
Choose:
Capital
Inputs
Materials
Customers
Information
Retail Bank
Choose:
Capital
Inputs
Materials
Customers
Information
Online Retail
Choose:
Capital
Inputs
Materials
Customers
Information
Select one:
□ a. Products and Services
□ b. Materials, Information, Customers, Facilities, Staff
□ c. Staff and Facilities
d. Labour (Labor) and Capital □