OM 300 test 1 nunnelley Latest Update 2025-2026 50 Questions and 100% Verified Correct Answers Guaranteed A+
Advantages of outsourcing - CORRECT ANSWER: -cost savings
-gaining outside expertise -improving operations and service -maintaining a focus on core competencies -accessing outside technology
Basic management functions - CORRECT ANSWER: -planning
-organizing -staffing
- leading
- controlling
Characteristics of goods - CORRECT ANSWER: • Tangible: the seat itself • Product can be kept in inventory • Similar products produced • Limited customer involvement in production • Standard tangible product tends to make automation feasible • Product typically produced at a fixed facility • Easy to evaluate aspects of quality • Product often has some residual value
Characteristics of Services - CORRECT ANSWER: • Intangible: ride in an airplane seat 1 / 2
• Produced and consumed simultaneously • Unique • High customer interaction • Inconsistent product definition • Often knowledge based • Services dispersed • Quality may be hard to evaluate -Reselling is unusual
Competitive advantages can be found in - CORRECT ANSWER: layout
human resources supply chain inventory scheduling maintenance
Cons of PERT and CPM - CORRECT ANSWER: -Activities have to be clearly defined
-Precedence relationships established -Time estimates can be subjective -Too much focus on critical path
Core Competencies - CORRECT ANSWER: - set of skills , talents, and capabilities in which a firm is particularly strong
Cost leadership - CORRECT ANSWER: - provide maximum perceived value, does not
imply low quality
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