Middle managers are the smallest group of managers in organizations who are primarily responsible for implementing the policies and plans of middle line managers. (True/ False)
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- 1. When a company's OM strategy is having critical issues such as product design and development, their product's life is at which stage? a. Maturity b. Introduction c. Decline d. Growth 2. Which of the following is a principle of total quality management (TQM)? a. quality problems are solved using trial and error b. quality is defined by the company c. quality is an only an operational issue requiring an operating plan d. quality is a strategic issue requiring a strategic planWindow Help 3 points) If you sto X D2L Ch. 5 Practice Quiz Answers - X + ng.suny.edu/d21/le/content/222761/viewContent/11027495/View Question 27 (3 points) In flatter organizations, employees ₁ October 27, 20 6,33: have greater autonomy will always choose flexible work hours are confused about who is responsible Question 28 (3 points) One common everyday object, Post-It Notes. 3M, Minnesota Mining and Manufacturing. T spend 15% of their time on their own ideas. IStrongly Disagree Disagree Agree Strongly Agree Question 7. Information technology allows for tracking the delivery of a product. 9. As long as a company offers a product or service at a low price, it will sell more than competitors do. 10. I think suppliers must be able to respond quickly to inventory needs. 11. I think decreasing the time to complete a process and reducing costs result in decreased customer satisfaction. 12. Computerized order processing provides for better information management. SH
- %24 wP NWP Assessment Builder UI App X WP NWP Assessment Player UI Appli X A Player A Player Chapter 13 Wiley Assignment - H x A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Da67db8cb-3f9b-4d0b-ae91-9b01aaada0c5#/question/7 e Chapter 13 Wiley Assignment - Homework Question 8 of 8 View Policies Current Attempt in Progress The concession stand at the Shelby High School stadium sells slices of pizza during boys' and girls' soccer games. Concession stand sales are a primary source of revenue for the high school athletic programs, so the athletic director wants to sell as much food as possible; however, any pizza not sold is given away free to the players, coaches, and referees or it is thrown away. Thus, the athletic director wants to determine a reorder point that will meet the demand for pizza. Pizza sales are normally distributed with a mean of 6 pizzas per hour and a standard deviation of 3.70 pizzas. The pizzas are ordered from Pizza Beth's restaurant, and the…Your company, Drones, INC, must decide on their path forward in regard to new or expanded facilities for drone production. The table below shows the potential profits/losses for each decision alternative in each of 4 market conditions (states of nature). Note that the numbers in red (with a minus sign) are losses. NOTE: I have provided some extra columns and rows for your computations. NOTE THAT THE OBJECTIVE IS TO MAXIMIZE PROFIT. STATES OF NATURE FOR POTENTIAL MARKETS FOR DRONES DECISION EXCELLENT GOOD FAIR POOR ALTERNATIVES OPEN 2 NEW $600,000 $400,000 -$200,000 -$500,000 PLANTS FOR PRODUCTION OPEN 1 NEW $500,000 $200,000 -$100,000 -$300,000 PLANT FOR PRODUCTION EXPAND $150,000 $75,000 $0 -$100,000 CURRENT PLANT DO NOTHING $0 $0 $0 $0 6.108- A business can be influenced by: a. Industry effects b. Corporate effects c. Both a and b d. Neither a nor b
- 16. Retail service people are frequently reviewed on the basis of O A. their relationship with line managers. OB. how many training sessions they attend OC. the number of products they sell. OD. their interactions with customers. O Mark for review (Will be highlighted on the review page) >Which of the following statements is / are not a strategic operations management decision. I. Determines the customer's quality expectations and establishes policies and procedures to identify and achieve that quality. II. Determines how to recruit, motivate, and retain personnel with the required talent and skills. People are an integral and expensive part of the total system design. II. Determines the customer's quality expectations and establishes policies and procedures to identify and achieve that quality. IV. Determine procedures govern how you process daily transactions, perform the monthly financial close, compare actual spending to what's budgeted and ensure you meet auditor and tax requirements. O l and IV O IV only O Il only O Il and III110- It is important to understand both the similarities and differences between the two matrix tools in order to better help manage complexity in large firms. Which of the following statements is false with regard to the BCG Matrix and GE-Mckinsey Matrix? a. The GE-Mckinsey Matrix has nine cells, while the BCG matrix has four cells b. Matrix share is a reflection of competitive strength, which industry attractiveness is represented by market growth in the BCG Matrix c. Market share is more forward looking while competitive strength is more historical in its perspective d. The GE-Mckinsey Matrix is a holistic and inclusive approach that aids in prioritizing resources allocation for business in a portfolio that would benefit the most
- 106- How can one illustrate the idea of synergy in strategy: a. 2+2=5 b. The sum of the parts is greater than the whole c. Both A and B d. Neither A nor BWhich one of the following is most apt to align management's priorities with shareholders' interests? Multiple Choice Holding corporate and shareholder meetings at high-end resort-type locations preferred by managers Compensating managers with shares of stock that must be held for a minimum of three years Paying a special management bonus on every fifth year of employment Increasing the number of paid holidays that long-term employees are entitled to receivetrue or false 10. New information can remove or reduce the uncertainty involved in a decision and thereby increase the expected payoff.
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