At the break-even point:

total cost equals total revenue.

A "product package" consists of

a combination of goods and services.

Designing for recycling helps facilitate

compliance with regulatory environments

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OPM Midterm Practice MCQs

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Questions 14

Answers

1
The external elements of SWOT analysis are:
opportunities and threats
strengths and weaknesses
weaknesses and opportunities
strengths and threats
2
At the break-even point:
output equals capacity.
total cost equals profit
variable cost equals fixed cost.
total cost equals total revenue.
3
The two general approaches to forecasting are:
historical and associative
mathematical and statistical.
qualitative and quantitative.
judgmental and qualitative
4
Nearness to raw materials would be most important to a
manufacturing company.
post office.
tax preparation service
grocery store.
5
_____ and _____ is the essence of business organizations.
HR; accounting
Products; services
Services; operations
Operations; supply chain management
6
What is an important factor that help determines cost?
innovation
quality
advertising
productivity
7
Productivity is expressed as:
output minus input.
output plus input.
output divided by input.
output times input.
8
Which phrase most closely describes the Delphi technique?
consumer survey
series of questionnaires
associative forecast
developed in India
9
An example of automated services is
massage parlors.
build your own pizza
online banking.
haircuts
10
A "product package" consists of
a combination of goods and services.
the shipping container.
the exterior wrapping
goods if a manufacturing organization
11
Designing for recycling helps facilitate
increased product reliability
reduced legal liability.
reduced standardization costs
compliance with regulatory environments
12
Which of the following is not one of the 3 Rs?
reuse
recycle
reduce
reposition
13
Gradual, long-term movement in time series data is called:
irregular variation.
trend
seasonal variation.
cycles
14
Production systems with customized outputs typically have relatively
skilled workers.
high amounts of specialized equipment
high volumes of output
low unit costs

OPM Midterm Practice MCQs Flashcards | StudBud

OPM Midterm Practice MCQs

14 termsStudBud Administration13 plays

Imported from external platform

Flashcards14 cardsFPractice quizPHost liveL

Questions 14

Answers

1
The external elements of SWOT analysis are:
opportunities and threats
strengths and weaknesses
weaknesses and opportunities
strengths and threats
2
At the break-even point:
output equals capacity.
total cost equals profit
variable cost equals fixed cost.
total cost equals total revenue.
3
The two general approaches to forecasting are:
historical and associative
mathematical and statistical.
qualitative and quantitative.
judgmental and qualitative
4
Nearness to raw materials would be most important to a
manufacturing company.
post office.
tax preparation service
grocery store.
5
_____ and _____ is the essence of business organizations.
HR; accounting
Products; services
Services; operations
Operations; supply chain management
6
What is an important factor that help determines cost?
innovation
quality
advertising
productivity
7
Productivity is expressed as:
output minus input.
output plus input.
output divided by input.
output times input.
8
Which phrase most closely describes the Delphi technique?
consumer survey
series of questionnaires
associative forecast
developed in India
9
An example of automated services is
massage parlors.
build your own pizza
online banking.
haircuts
10
A "product package" consists of
a combination of goods and services.
the shipping container.
the exterior wrapping
goods if a manufacturing organization
11
Designing for recycling helps facilitate
increased product reliability
reduced legal liability.
reduced standardization costs
compliance with regulatory environments
12
Which of the following is not one of the 3 Rs?
reuse
recycle
reduce
reposition
13
Gradual, long-term movement in time series data is called:
irregular variation.
trend
seasonal variation.
cycles
14
Production systems with customized outputs typically have relatively
skilled workers.
high amounts of specialized equipment
high volumes of output
low unit costs