Podcast
Questions and Answers
What is the relationship between every aspect of business and operations?
What is the relationship between every aspect of business and operations?
- Every aspect of business is unrelated to operations
- Every aspect of business is isolated from operations
- Every aspect of business is affected by operations (correct)
- Every aspect of business affects operations
Which type of model looks less like their real-life counterparts?
Which type of model looks less like their real-life counterparts?
- Physical Models
- Mathematical Models
- All models look like their real-life counterparts
- Schematic Models (correct)
What is a common feature of models used in decision making?
What is a common feature of models used in decision making?
- They include all details of the real-life system
- They focus on irrelevant aspects of the real-life system
- They omit unimportant details of the real-life system (correct)
- They are complex and difficult to understand
How do most operations decisions impact costs or profits?
How do most operations decisions impact costs or profits?
Which service job is NOT closely related to operations according to the text?
Which service job is NOT closely related to operations according to the text?
What is a key characteristic of models used in decision-making?
What is a key characteristic of models used in decision-making?
Which principle guides ethical conduct by focusing on the overall good outweighing harm in an organization?
Which principle guides ethical conduct by focusing on the overall good outweighing harm in an organization?
What is the main advantage of using models in decision-making according to the information provided?
What is the main advantage of using models in decision-making according to the information provided?
Which decision-making approach seeks to obtain a mathematically optimal solution as mentioned in the text?
Which decision-making approach seeks to obtain a mathematically optimal solution as mentioned in the text?
What role do codes of ethics play in organizations based on the information provided?
What role do codes of ethics play in organizations based on the information provided?
