Operations Management Introductory Quiz
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Questions and Answers

What book is recommended for the Operations Management course?

  • Operations Management (McGraw-Hill Series in Operations and Decision Sciences) - William J. Stevenson
  • Operations Management: Theory and Practice - Mahadevan
  • Operations Management for Competitive Advantage – 15th Edition - Richard B. Chase - F. Robert Jacobs - Nicholas J. Aquilano (correct)
  • Principles of Operations Management - Jay Heizer, Barry Render

How did Progressive Insurance Company out-operate its competitors?

  • By acquiring smaller insurance companies
  • By aggressive marketing campaigns and celebrity endorsements
  • By expanding into multiple business sectors
  • By offering lower prices and better services through innovations in operations (correct)

In which year did Progressive Insurance Company achieve a sales revenue of $9.5B?

  • 1990
  • 1995
  • 2000
  • 2005 (correct)

What did Progressive Insurance Company do in 1990?

<p>It went global (C)</p> Signup and view all the answers

What was a key factor in Progressive Insurance Company's success according to the text?

<p>Innovations in operations, new and better ways of doing day-to-day activities (B)</p> Signup and view all the answers

What is a recommended book for the Operations Management course?

<p>Operations Management for Competitive Advantage – 15th Edition - Richard B. Chase - F. Robert Jacobs - Nicholas J. Aquilano (A)</p> Signup and view all the answers

What was the sales revenue achieved by Progressive Insurance Company in 1985?

<p>$1.3B (A)</p> Signup and view all the answers

How did Progressive Insurance Company out-operate its competitors?

<p>By offering lower prices and better services through innovations in operations (C)</p> Signup and view all the answers

Did Progressive Insurance Company diversify into new businesses?

<p>No (B)</p> Signup and view all the answers

In which year did Progressive Insurance Company achieve a sales revenue of $9.5B?

<p>2005 (D)</p> Signup and view all the answers

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