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Replies to This Discussion

The ratio of the real value of output to the combined input of labor and capital is called: Select correct option: Labor Productivity Capital Productivity Energy Productivity Multi factor Productivity
Strategy design process in initiated by: Select correct option: Corporate strategy Needs of the customer Operations Strategy All of the above
Which one of the following is NOT a key internal factor in formulating operations strategy? Select correct option: Competition Financial resources Human resources Products and services
Flexible operations comes under the example of: Select correct option: Strategy Tactics Mission Goals
Which one of the following correctly represents a set of time series forecats? Select correct option: Averaging, cycle, seasonality, random variations Trend, seasonality, exponential smoothing Trend, cycle, seasonality, moving average Trend, cycle, seasonality, random variations
Which of the following is not an attribute to classify services? Select correct option: Tangibility Perishability Simultaneity Degree of Customer Contact
Which ONE of the following statement correctly explains the difference between operations management (OM) and operations research (OR)? Select correct option: OM relies on mathematical modeling and OR focus on practical scenarios. OM is more powerful to improve the whole system OR relies on mathematical modeling. OM is relies on practical scenarios and Or relies on Mathematical modeling. OM relies on mathematical modeling and OR is considered to be one of the critical tools of mangers.
Parabolic, exponential and growth are element of: Select correct option: Linear trends Non linear Trends Forecast accuracy None of the above
An organization has described its distinctive characteristics. So, what is the next step in formulating the strategy? Select correct option: Productivity Measures Environmental scanning Selecting the market segment Competitor’s distinctiveness
The forecasting model that attempts to predict the future value based on the past data is known as: Select correct option: Delphi Method Time series Analysis Associative Models Naïve Forecasting

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