Sample Exam Problems for Operations Management (The Process Management Part) 1. What is inventory in business processes? Provide two different production strategies on how inventory is managed. Discuss the advantage and disadvantage of inventory in business processes. 2. UBurger is a fastfood restaurant whose windows announce its focus on burgers‚ fries‚ and shakes. After perhaps queueing‚ customers place an order with and pay a cashier‚ then await completion of the order. Upon receiving the order
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Chapter 1 Operations Management * Operations Management – the management of resources and processes required by an organization o produce goods or services. * Operations Function – the part of the organization that has the responsibility for operations management. * Efficiency – a measure of the success of an operation in converting inputs to outputs. * Low operating costs * Effectiveness - a measure of the success of an operation in producing outputs that satisfy customers
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Chapter 1: The Challenge of Food and Beverage Operations Travel and Tourism: The Umbrella Industry Travel and tourism industry: all of the businesses that provide products and/or services to the traveling public. It is comprised of 5 segments: lodging operations‚ food and beverage operations‚ transportations services‚ retail stores‚ and destination activities. Food and beverage service is not merely one major segment; it is also an important part of each other segment of travel and tourism industry
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Activity Based Costing for Activity Based Management Meiklejohn Paul‚ Director Management Consulting 17 February 2012 Agenda 1. What is Activity Based Costing (ABC)? 1.1 What is ABC and Why should it be used? 1.2 Traditional costing vs ABC 1.3 Activity based costing processes 2. How ABC should be used to manage (Activity based management)? 2.1 When to use ABC? 2.2 How to use ABC for ABM? 2.3 Scoring High - Low value adding activities 2.4 Activity Based Management applications 3. ABC/ABM implementation
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Practice Exam Chapter 8 I have put the questions we may not get to for this exam at the end of the practice exam) 1. How many lone pairs of electrons are assigned to the sulfur atom in H2S? a) 0 b) 1 c) 2 d) 3 e) 4 2. Which of the following is a correct Lewis structure for nitrous acid‚ HNO2? 3. The central atom in PH3 is surrounded by a) three single bonds and no lone pairs of electrons. b) three single bonds and one lone pair of electrons. c) three single bonds and two lone
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Solution sto Chapter 2 Problems Accounting Judgements Questions 1. Accounting principles include: (a) Underlying assumptions – basic underlying assumptions that make accounting possible. (b) Qualitative criteria – standards to judge policy choices in conjunction with reporting objectives. (c) Measurement methods – ways to measure results and financial position. 2. The importance of establishing a document such as the IASB’s Framework is that this material helps standard setters when
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Chapter 2: Operation Glory---Mission (Kind of) Accomplished: The chapter focuses on the reception of U.S. dead soldiers from North Korea (Operation Glory). It asserts that the failure of enforcing item 13(f) of the Korean War Armistice to recover remains in the hostile territory must be attributed to mutual distrust and tragic accidents‚ rather than merely North Koreans’ defiance of the agreement. Another preliminary finding is that the successful identification of many of the recovered remains should
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Practice Test Chapter 3 Migration These quiz questions will test your knowledge of the basic concepts and ideas offered in Chapter 3‚ "Migration." By successfully reviewing these questions‚ you will reinforce your comprehension of these geographic ideas. This activity contains 24 questions. The most common environmental threat forcing migration is __________. water deserts earthquake tornadoes What event in the united states during middle of the nineteenth century caused
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BUSINESS FINANCE FIN3000 Professor: Liuling Liu General Information 1 Office: Room 206 Phone: 4193720267 E-mail: liulinl@bgsu.edu Office Hours: 2:00 to 2:30 MW or by appointment For each class‚ please try to… Be here and on time Take notes in class 1 Required materials Text: Brigham & Houston‚ Fundamentals of Financial Management‚ Concise 7th Edition‚ Southwestern Publishing Company‚ 2012. Other Readings: Wall Street Journal‚ Economist‚ Bloomberg
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Chapter I THE PROBLEM AND ITS SCOPE INTRODUCTION Rationale The rapid growth of technology contributed a lot to the progress of all classification of industry. Nowadays‚ the use of technology has been an effective tool on improving such kind of enrollment system. Enrollment is the process of entering and verifying data of student to register on particular school. Enrollment System is a good example of a computer generated process. The computerized enrollment system will provide the needed and
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