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100
________ culture is represented by friendship, commitment, and high focus on performance
What is communal?
100
Identification and evaluation of a firm's strengths, weaknesses, opportunities, and threats
What is SWOT analysis?
100
Created by making a product available when customers wish to purchase it
What is time utility?
100
In a service industry such as a package carrier, the _______ of the conversion process is usually small or none at all 
What is magnitude?
100
"This business will create a caring, learning environment for elementary school children after regular school hours to meet the needs of working parents." This statement answers which issue in a business plan
What is the nature and mission?
200
Ford cars and trucks are completed and ready for delivery to customers. Because of this, they are classified as
What are finished goods?
200
Most large organizations use a combination of 
What is departmentalization bases?
200
Generally task-oriented, driven, charismatic, and enthusiastic
What is entrepreneurial leadership?
200

A decrease holding costs by making supplies arrive at a facility just when they are needed

What is just-in-time inventory? 
200
The desire to create a new business
What is entrepreneurial spirit?
300
Large firms generally buy parts and assemblies from smaller firms because it 
What is less expensive than making their own?
300
The type of utility on which production and operations management focuses is 
What is form utility? 
300
Although departmentalization may be determined within an organization on the basis of one criterion, such as location, most organizations find more than one basis for ________ to be a more efficient means of conducting business
What is departmentalization? 
300
Ability of a good or service to satisfy a human need
What is utility?
300
Created by transferring title (or ownership) of a product to a buyer
What is possession utility?
400
A carefully constructed guide for the person starting a business
What is a business plan?
400
Sarah regularly spends an entire working day ensuring that goods and services are produced in accordance with design specifications. Obviously ________ is important in her company
What is quality control?
400
Janis starts a small quilting and embroidery business. She purchases a technologically advanced quilting machine and embroidery machine for a combined $25,000. Her monthly payments on the equipment are $500, but she has only one client at this time. Janis is facing a potential
What is cash-flow problem?
400
In deciding on a product line, managers should balance _______ and product requirements
What is customer preferences?
400
Created by people converting raw materials, finances, and information into finished products
What is form utility?
500
Created by making a product available at a location where customers wish to purchase it
What is place utility?
500
Partially completed products
What is work-in-process?
500
When Nabisco introduces Oreos with half chocolate and half peanut butter cream in the middle

 What is extending line?

500
A franchisor does not supply 
What is land?
500
The amount of products or services an organization can produce in a given time is known as
What is capacity?
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