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Principles of Management Study Set 1
Quiz 17: Section 1: Managing Information
Path 4
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Question 121
Essay
Explain why operations management is potentially relevant to every employee in every organization in the 21
s
t
century.
Question 122
Essay
What is quality? List and define three characteristics of quality for goods and for services. Explain why these characteristics are different for goods and services. Then identify the one dimension that is common in both lists. Finally, specify a good or service that you were very dissatisfied with during the past year, and explain which of these quality dimensions the good or service was deficient on.
Question 123
Essay
What is inventory? Explain the potential costs associated with it. Briefly describe the systems of inventory management that are available to managers to control these costs, and specify which method of inventory management is best.