1 STAT 1770 MIDTERM-2 Date: March 19‚ 2010 Time: 12 30- 14 30 Instructions 1. This is a closed book exam. Name: _______________ I.D. #: _______________ 2. You are permitted to use a non programmable calculator approved by the instructor. 3. There are 31 multiple-choice questions in the part A of this exam. For each question exactly one of four answers provided is correct. For each multiple-choice question‚ circle one of the letters (a)-(d) corresponding to your chosen answer and record
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Operational Management Simulation on Benihana Case 1. What were the take aways and what did you learn? 2. What would you do differently next time? There are many performance indicators for the success of a business. This include brand identity‚ reputation‚ innovation‚ leadership‚ productivity‚ process management‚ customer satisfaction‚ and quality to name a few. Management at Benihana can achieve maximum profitability by maximizing utilization‚ throughput time‚ making use of batching‚ designing
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CLICK TO DOWNLOAD BUSN 115 Midterm Exam 1.1. (TCO 1) The amount of money a business takes in during a given time period by selling goods and/or selling services. 2.2. (TCO 1) That part of economics that studies the operations of a nation’s economy as a whole. 3.3. (TCO 1) That part of economics that studies the behavior of people and organizations in particular markets. 4.4. (TCO 2) An unethical activity in which insiders use private company information to further their own fortunes
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Sample Exam paper Exam Code(s): 2BC1; 2BC2; 2BC3; 2BC4; 2BC5; 2BF1; 2CE3‚ 3CL1; 4CL2; 3IF1; 4BI1; 3BJ121; 1EM1; 1OA1‚ 2BCA1‚ 2BCM Exam(s): 2BC1 B.Comm. Degree; 2BC2 B.Comm Degree (French); 2BC3 B. Comm. Degree (German); 2BC4 B. Comm. Degree (Spanish); 2BC5 B. Comm. Degree (Italian); 2BF1 Business Information Systems degree; 3CL1 Corporate Law degree; 4CL2 Corporate Law Degree; 3IF1 Information Technology degree; 4BI1 Industrial Engineering and Information Systems degree; 3BJ121 Management Engineering
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Operation management can be summarized as techniques for restructuring the infrastructure to gain a competitive advantage to optimize decisions and processes utilized in business practices. Operation management gives the managers a systematic way to enhance their day to day processes and assist in maximizing revenues. One of the key objectives practiced by an OM manager is making ethical decisions during the planning‚ reviewing‚ and implementation stages of new processes. This paper will briefly
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It is usually stated that ‘the structural decisions items of an operations strategy reflect the hardware of the firm‚ while the infrastructure decision areas represent the firm’s software’. Comparing structural decisions with the hardware of the firm and the infrastructure decisions as its software‚ it shows that the structural decisions are very important and the firm cannot exists without them because without a hardware computer would not exist and the software would have nothing to run on. Structural
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Operations Management in Business Task1.1 – Importance of Operations Management to the success of business (McDonald’s) Operations management refers to the activities‚ decisions and responsibilities of managing the resources which are dedicated to the production and delivery of products and services. Operations management exists in very organization and is very important in business operations since it forms the heart of the organisation by controlling the system of operation. Operations management
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Operational Management Operations management is defined as a systematic transformation process that converts a set of inputs into useful outputs. 1.1 Definitions: An operations system is defined as one in which several activities are performed to transform a set of inputs into a useful output using a transformation process. These inputs and outputs can be tangible‚ as in the case of raw materials and physical products‚ or intangible‚ as in the case of information and experiences. Viewed
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Production and Operations BUS 3500 Midterm Examination Total: 120 points Your Score: ______________ Student: __________________________________________________________________________________ I. True or False (20 points). Please mark “A” for true and “B” for false on your scantrons. Questions 11-20 have been taken from Test 1. 1. In a process map‚ a circle represents a step or activity in the process
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What is operations management? Operations management defined Operations management is the activity of managing the resources which are devoted to the production and delivery of products and services. 1 The consultancy services market – % of world revenues of 40 largest consultancy firms Financial 6 Organizational design 11 Marketing / sales 2 Operations and process management 31 Benefits / actuarial 16 Corporate strategy 17 IT strategy 17 The operations function is fashionable
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