Basics of Operations and Project Management

Introduction to the concepts of Operations Management

Quiz Result

Quiz Completion Time : 00:02:49

Wrong/Skipped

Right Answer

Your Score : 60%

Passing Score : 50%

Areas to Focus:

Lesson - What is Operations Management?

Lesson - The Importance of Operations Management

1. Customers make organization thrive and they must be treated well in every way necessary and possible.

Your Answer : True

Question Reference From : The Importance of Operations Management

2. What is the role of resource allocation in the OM transformation process?

Your Answer : It efficiently manages resources within the process

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 Description : Resource allocation in Operations Management involves strategic decisions to optimize the
transformation of inputs into outputs, ensuring efficiency and effectiveness.

Question Reference From : The Importance of Operations Management

3. What is one of the key benefits of Operations Management?

Your Answer : Improving efficiency and productivity

Description : Improving efficiency and productivity through Operations Management involves optimizing
processes, reducing waste, and making the best use of resources, leading to cost savings and increased
output. This benefit enhances an organization's competitiveness and its ability to meet customer demands
more effectively.

Question Reference From : The Importance of Operations Management

4. Which event or era significantly influenced the development of Operations Management during the 20th
century?
Your Answer : The Post-World War II economic boom

Description : The economic prosperity and industrial growth during the post-World War II era had a
significant impact on the development and application of Operations Management principles.

Question Reference From : What is Operations Management?

5. Which historical figure is often credited with laying the foundation for modern Operations Management
principles?

Your Answer : Adam Smith

Description : Adam Smith, an economist and philosopher, is often credited with laying the foundation for
modern Operations Management principles through his work on the division of labor and the efficiency of
production processes.

Question Reference From : What is Operations Management?

6. Is it accurate to say that total employee involvement in decision-making and process improvement is not
necessary for effective Operations Management?
Your Answer : False

Description : Total employee involvement is encouraged in Operations Management to harness the

collective knowledge and creativity of all employees for better decision-making and process improvement.

Question Reference From : What is Operations Management?

7. Productivity is defined as _____________.

Your Answer : None of the above

Correct Answer : The ratio of input to output

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 Question Reference From : The Importance of Operations Management

8. Operations management should concentrate on the problem rather than the techniques.

Your Answer : False

Correct Answer : True

Question Reference From : What is Operations Management?

9. Which of the following is one of the ten principles of OM by Randall Schaeffer?

Your Answer : None of the above

Correct Answer : International Code of Conduct for Public Officials

Question Reference From : What is Operations Management?

10. What can be done to maximize net operating profit?

Your Answer : All of the Above

Correct Answer : Balance Operational Costs and Revenue

Question Reference From : The Importance of Operations Management

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