The operations and supply chain functions develop detailed process maps of the operations and supply chain flows and test new processes in the:
A) concept development phase.
B) planning phase.
C) design and development phase.
D) commercial preparation phase.
Answer: C
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________ planning processes are something that only the company's most senior executives are involved with.
Fill in the blank(s) with the appropriate word(s).
Which of the following accounts is debited when goods are sold?
A) Cost of Goods Sold B) Finished Goods C) Work-in-Process D) Accounts Payable E) None of these.
Planning, scheduling, and controlling of resources to meet specific goals are activities related to which concept?
a. Operations management b. Project management c. Quality control d. Supply chain management
Which of the following statements is true about capacity utilization and capacity efficiency?
a. Either measure can be used independently of the other. b. Using one measure only and ignoring the other can lead to misleading conclusions about capacity performance. c. Capacity utilization can be calculated given capacity efficiency and design capacity. d. Capacity utilization can be calculated given capacity efficiency and effective capacity.