Pros and Cons of Models

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Questions and Answers

What is one of the components included in Operations Management?

  • Forecasting (correct)
  • Marketing
  • Finance
  • Human Resources

Which type of operations involves retailing, banking, and renting?

  • Storage/Transportation
  • Entertainment
  • Exchange (correct)
  • Goods Producing

In terms of employment percentage, which sector has a higher share as shown in Figure 1.4?

  • Manufacturing
  • Mining
  • Service (correct)
  • Construction

What are some examples of communication operations?

<p>Newspapers and telephone (A)</p> Signup and view all the answers

Which type of operations can be characterized as intangible and difficult?

<p>Entertainment (C)</p> Signup and view all the answers

What does Capacity planning involve in Operations Management?

<p>Setting production levels (B)</p> Signup and view all the answers

Which operation involves power generation and manufacturing?

<p>Goods Producing (B)</p> Signup and view all the answers

In terms of patentability, what distinguishes Goods from Services?

<p><code>Tangible uniformity of output</code> (A)</p> Signup and view all the answers

'Assuring quality' is a part of which component of Operations Management?

<p><code>Forecasting</code> (A)</p> Signup and view all the answers

What do 'Farming', 'mining', 'construction', and 'manufacturing' have in common?

<p>They are examples of Goods Producing operations. (B)</p> Signup and view all the answers

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