Correct Answer: True
Explanation:
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More Operations Management MCQ Questions
What is the correct order of the main phases in the product life cycle?
SIPOC represents the five key elements of a ______ map.
A firm can effectively use its operations function to yield competitive advantage through all of the following, EXCEPT:
True or false? The gross margin often reflects the value created during the process.
(True or False): It is easier to measure productivity for an operation that provides services than for one that produces goods since there is no material used in services.
_____ is the ratio of the output of a process to the input.
_____ addresses how well a product or service performs the customers intended use.
Transaction costs and loss of customer goodwill are both examples of ____.
The __________ is used to flag a forecasting model that is getting out of control.
Lost sales and goodwill are potentially significant costs that may arise from ________.