What are three reasons that the study of operations and supply chain management is important?
What will be an ideal response?
Answer: One reason that the study of operations management is important is that every organization must make a product or provide a service that someone values. Without this, there is no reason for the existence of the organization. The study of supply chain management is important because most organizations function as part of a larger supply chain. Finally, organizations must carefully manage their operations and supply chains in order to prosper. The better the supply chain and operations functions are coordinated, the greater chance for success of all members.
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Under the Fair Credit Reporting Act (FCRA), if you have been denied credit, you have a right to
A) inspect your credit file and have any errors or unsubstantiated entries corrected or removed. B) sue the credit bureau if your credit file indicates that you should have been granted credit. C) same response as b, except you can sue only if you are a woman or member of a minority group. D) nothing; essentially FCRA imposes sanctions only on what information credit bureaus may not keep.
The costs of conformance are made up of
A) prevention costs and appraisal costs. B) internal failure costs and external failure costs. C) vendor performance and customer satisfaction. D) product design and production performance.