CHAPTER 1
.docx
keyboard_arrow_up
School
University of Texas, Permian Basin *
*We aren’t endorsed by this school
Course
6320
Subject
Management
Date
Feb 20, 2024
Type
docx
Pages
9
Uploaded by CaptainRaccoon3590
CHAPTER 1
The three issues that are at the core of operations management include all of the following EXCEPT _____.
a. cost
b. quality
c. tangibility
d. efficiency
c
Which of the following key activities is NOT performed by operations managers?
a. Purchasing
b. Cost accounting
c. Forecasting
d. Service encounter design
B
00:07
03:34
An operations manager is expected to perform several key activities EXCEPT:
a. coordinating the acquisition of materials, supplies, and services.
b. determining when resources should be assigned to work.
c. managing cash flow and strategic investments.
d. making use of technology to improve productivity.
C
Which of the following statements is NOT true of goods and services?
a. Service encounters can be between a customer and a service provider.
b. Services cannot be stored as inventory for future sale.
c. A shoe is a durable good that provides a service.
d. Normally, patents do not protect services.
C
Computer software is an example of a _____.
a. tangible product
b. nondurable good
c. service
d. value creation process
B
CHAPTER 1
. Identify the statement about goods and services that is NOT true?
a. Services that do not involve significant interaction with customers can be managed much the same as goods in a factory.
b. A service is any primary or complementary activity that does not directly produce a physical product.
c. Some very significant differences exist between goods and services that create different demands on the operations function.
d. Designing and managing operations in a goods-producing firm is quite similar to that in a service-providing organization.
D
. Which of the following statements about goods and services is TRUE?
a. The demand for services is independent of time.
b. A durable good is a product that typically lasts for less than three years.
c. A good example of a nondurable good is furniture.
d. A service encounter can consist of one or more moments of truth.
D
Identify a FALSE statement about goods and services.
a. Service encounters can be between a customer and a service provider.
b. The demand for services is time-dependent, especially over the short term.
c. There is no way to recapture the lost revenue from a hotel room.
d. A moment of truth is a feature a customer recognizes, pays for, or uses.
D
Which of the following jobs requires the most service management skills and knowledge?
a. Airplane mechanic
b. Usher at sports stadium
c. Restaurant cook
d. Airline Flight attendant
D
Which of the following statements about goods and services is FALSE?
a. Service encounters can be between a customer and a service provider.
b. Demand for physical goods is more difficult to predict than demand for services.
c. Services cannot be stored as physical inventory for future sale.
d. Normally, patents do not protect services.
B
CHAPTER 1
Which of the following statements is NOT true regarding the differences between goods and services?
a. Demand for services is easier to forecast.
b. Customers participate in many services.
c. Services cannot be stored as physical inventory.
d. Patents do not protect service processes.
A
Which of the following statements about goods and services is FALSE?
a. Service encounters are interactions between customers and service providers.
b. Services can be stored as physical inventory for future sale.
c. Goods are tangible, while services are intangible.
d. The demand for service is more difficult to predict than the demand for goods.
B
00:03
03:34
Service management skills include all of the following EXCEPT _____.
a. accounting and finance
b. knowledge and technical expertise about operations
c. marketing and cross-selling skills
d. human interaction skills
A
Which of the following statements is TRUE of service facilities?
a. They are in close proximity to customers.
b. They rely on physical inventory.
c. They take advantage of patents.
d. They are located close to raw materials, suppliers, and labor.
A
Which of the following statements is TRUE of goods and services?
a. A variant is always a durable good with new features.
b. An automobile is a nondurable good.
c. Demand for goods is more difficult to predict than demand for services.
CHAPTER 1
d. Normally, patents do not protect services.
D
A customer benefit package (CBP) includes _____.
a. only core offerings
b. only peripheral offerings
c. either core or peripheral offerings but not both
d. both core offerings as well as peripheral offerings
D
Which one of the following statements is TRUE regarding a customer benefit package (CBP)?
a. A CBP consists of a primary good and a primary service coupled together.
b. A variant is a CBP feature that strictly adheres to the standard CBP.
c. The size of the circles in the CBP framework can signify the relative importance of each good and service.
d. When defining a CBP, the features determined by management accurately describe customers' wants and needs.
C
Which of the following has the highest goods content?
a. Buying furniture
b. Computer repair service
c. Automobile loans
d. Symphony performance
A
Which one of the following has the lowest goods content?
a. Automobile muffler replacement
b. Computer diagnosis and repair
c. Movie presentation
d. Fast-food restaurant
C
Which of the following is lowest in goods content and highest in service content?
a. Dining at a fast-food restaurant
b. Attending a theater production
c. Getting an oil change for your car
d. Filling a medical prescription
B
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Please, answer at least 3
arrow_forward
please, to solve the crossword puzzle
arrow_forward
Managing the Information Technology Resource
Multiple choices
Q : Which of the following is considered a primary activity in Porter's Value Chain model?:
A) Firm infrastructure
B) Operations
C) Human resource management
D) Technology management
arrow_forward
What is Louis Vuitton main activities – while highlighting their nature from an operation management perspective (e.g., the production of (a) good(s) or the delivery of service(s), forecasting, purchasing, distribution, scheduling, etc.).
arrow_forward
20. Operations management is concerned with problem solving and decision making in two broad areas namely; a) Facility planning and facility location b) Designing & planning of production systems and operations and control of systems c) Planning and controlling of the systems and operation and management of the system d) Designing the system and managing the systems e) None of the above
arrow_forward
Please assist witht the attached,
arrow_forward
Please explain all the options that why its correct and incorrect
14. What significant challenge do the IHIP service characteristic present to service provider?
a. Ensuring customer satisfaction
b. Delivering consistent service quality
c. Achieving operations efficient
d. Managing supply and demand e. All of the above
15. A “customer centric” approach has an impact on:
a. All internal activities of a company
b. The way a company interacts with its customers
c. All of the company’s operations
d. A company focus and strategy e. All of the above
16. Organisational culture is an important concept for service businesses because:
a. It helps staff know what to do and how to do it, even without direct supervision
b. It provides clues about behaviour norms
c. It fills the gap between training and unforeseen cirucmstances
d. All of the above
arrow_forward
Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)
arrow_forward
Operations managers are primarily concerned with forecasts of demand, which are often made by
arrow_forward
1. Discuss how your client may determine the customer cost for its service, including non-monetary costs (time, effort, and perceived risk)
When considering Customer Cost, we need to understand the perceived cost of its customer’s. From a customer’s point of view, the costs involved in buying and using a service is only part of the price charged by the supplier. Related monetary and non-monetary costs make up the other costs of the service.
Time Office Automation may determine their Customer Cost for its service, including monetary and non-monetary costs, depending on various factors such as:
The time taken to perform the service.
The costs of the parts used / needed.
Labour Costs.
The costs their competitors are charging, to provide a competitive rate.
A call out fee, time, and money (for fuel, etc) used to drive to the customers location.
Cost of shipping.
Quality of service, Time Office Automation’s staff has more than 25 years of experience in the field, therefore, could…
arrow_forward
Any company's main purpose is to benefit stakeholders and competitors. d. service 4. In a manufacturing company, the supply chain is a crucial value chain that does all of the following except: Finance and accounting, marketing and sales, inbound logistics, and customer service 5. Value-added business processes. Reengineering, process redesign, disruptive change d. Continuous improvement innovates by progressively improving.
arrow_forward
Define/briefly discuss the following service outputs, and give one example for each.
1. assortment and variety
2. customer service
3. information provision
arrow_forward
enable any organisation to operate effectively.
1.2. Identify two (2) reasons why organisations operate below their maximum processing
capacity
strol
arrow_forward
Explain the role of the following functional areas in supporting the organization’s current operations strategy
Required:a. Procurementb. Financec. Marketingd. Human Resource Management
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Related Questions
- Please, answer at least 3arrow_forwardplease, to solve the crossword puzzlearrow_forwardManaging the Information Technology Resource Multiple choices Q : Which of the following is considered a primary activity in Porter's Value Chain model?: A) Firm infrastructure B) Operations C) Human resource management D) Technology managementarrow_forward
- What is Louis Vuitton main activities – while highlighting their nature from an operation management perspective (e.g., the production of (a) good(s) or the delivery of service(s), forecasting, purchasing, distribution, scheduling, etc.).arrow_forward20. Operations management is concerned with problem solving and decision making in two broad areas namely; a) Facility planning and facility location b) Designing & planning of production systems and operations and control of systems c) Planning and controlling of the systems and operation and management of the system d) Designing the system and managing the systems e) None of the abovearrow_forwardPlease assist witht the attached,arrow_forward
- Please explain all the options that why its correct and incorrect 14. What significant challenge do the IHIP service characteristic present to service provider? a. Ensuring customer satisfaction b. Delivering consistent service quality c. Achieving operations efficient d. Managing supply and demand e. All of the above 15. A “customer centric” approach has an impact on: a. All internal activities of a company b. The way a company interacts with its customers c. All of the company’s operations d. A company focus and strategy e. All of the above 16. Organisational culture is an important concept for service businesses because: a. It helps staff know what to do and how to do it, even without direct supervision b. It provides clues about behaviour norms c. It fills the gap between training and unforeseen cirucmstances d. All of the abovearrow_forwardUnilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)arrow_forwardOperations managers are primarily concerned with forecasts of demand, which are often made byarrow_forward
- 1. Discuss how your client may determine the customer cost for its service, including non-monetary costs (time, effort, and perceived risk) When considering Customer Cost, we need to understand the perceived cost of its customer’s. From a customer’s point of view, the costs involved in buying and using a service is only part of the price charged by the supplier. Related monetary and non-monetary costs make up the other costs of the service. Time Office Automation may determine their Customer Cost for its service, including monetary and non-monetary costs, depending on various factors such as: The time taken to perform the service. The costs of the parts used / needed. Labour Costs. The costs their competitors are charging, to provide a competitive rate. A call out fee, time, and money (for fuel, etc) used to drive to the customers location. Cost of shipping. Quality of service, Time Office Automation’s staff has more than 25 years of experience in the field, therefore, could…arrow_forwardAny company's main purpose is to benefit stakeholders and competitors. d. service 4. In a manufacturing company, the supply chain is a crucial value chain that does all of the following except: Finance and accounting, marketing and sales, inbound logistics, and customer service 5. Value-added business processes. Reengineering, process redesign, disruptive change d. Continuous improvement innovates by progressively improving.arrow_forwardDefine/briefly discuss the following service outputs, and give one example for each. 1. assortment and variety 2. customer service 3. information provisionarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning