1. Every work requires operations to do the work and/or to improve the work. True or False ?
2. A firm can increase its profitability by:
A. increasing costs and reducing price.
B. moving away from the efficient frontier.
C. increasing inefficiencies.
D. reducing inefficiencies.
3. Which of the following is NOT a challenge of matching supply with demand?
A. Delivering better products at low prices
B. Attempting to predict demand
C. Providing customers with what they want at a low cost
D. Reducing demand to match supply
4. A process with a high-level scope must have different inputs and outputs than the process viewed at a lower scope. True or False?
5 Little’s Law can be used to identify the actual time a flow unit spends in a process. True or False?