Pros and Cons of Models
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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</p> Signup and view all the answers

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

    <p>Entertainment</p> Signup and view all the answers

    What does Capacity planning involve in Operations Management?

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

    Which operation involves power generation and manufacturing?

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

    In terms of patentability, what distinguishes Goods from Services?

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

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

    <p><code>Forecasting</code></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.</p> Signup and view all the answers

    More Like This

    Benefits and Costs of Physical Models
    20 questions
    Benefits of Layered Models in Networking
    14 questions
    Benefits of Fine-Tuning AI Models
    10 questions
    Use Quizgecko on...
    Browser
    Browser