Busn 115 Final Exam Answers – All Possible Questions

BUSN 115 Final Exam Answers – All Possible Questions

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Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following?

They take twice the human effort.

They have the same defects in the finished product.

They require half of the engineering effort.

They use half the floor space for the same output.

They carry 50% more inventory.

Question 2.2. (TCO 7) Mass customization means

tailoring products to meet the needs of a large number of individual customers.

fewer and fewer manufacturers are learning to customize their products.

manufacturing companies may become service companies over time.

more and more manufacturers are learning to customize their products.

operations management concepts are not applicable to the service sector.

Question 3.3. (TCO 8) One scarce item in the future will be water. Which is the least expensive way to get water from places of abundance to places of need?

Pipeline transmission

Air transportation

Truck transportation

Ship transportation

Train transportation

Question 4.4. (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information,

investing in social media hinders a company in reaching its goals.

social media needs to work hand in hand with other channels.

social media reaches old audiences that have new devices.

nontraditional audiences are the new target for social media.

social media and direct mail are complementary to one another.

Question 5.5. (TCO 1) You own a hardware store in the small town where you live. A big-box, multiline competitor has just opened. You see the following as your advantages of maintaining your market share and continued sales revenue.

Quickly adapting to the market

Providing improved customer service

Increasing your inventory levels

Opening a branch store...