Chapter 2: Influences on Operations Management Flashcards

1
Q
Corporate social responsibility \_\_\_\_\_\_\_\_\_ include:
• Legal compliance 
• Ethical responsibility
• Environmental sustainability 
What's missing?
A

Influences

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2
Q

____________ refers to the removal of barriers of trade between nations
What’s missing?

A

Globalisation

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3
Q
\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_ includes:
• Global web
• Global sourcing
• Regional operations
• Global market
What's missing?
A

Supply chain management

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4
Q

_______ ________ refers to the range of suppliers a business has and the nature of its relationship with these suppliers
What’s missing?

A

Supply chain

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5
Q

________ _____ refers to the network of suppliers a business has chosen on the basis of lowest overall cost, lowest risk and maximum certainty in quality and timing of suppliers
What’s missing?

A

Global web

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6
Q

________ ___________ is a process that involves a business taking the product of a competitor that has already been released into the market
What’s missing?

A

Reverse engineering

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7
Q

_________ is when a business creates an improvement for an already existing product
What’s missing?

A

Innovation

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8
Q

________ is when a business creates a new product

What’s missing?

A

Invention

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9
Q

___________ is characterised by an increasing integration between national economies and a high degree of a transfer of capital, labour, intellectual capital and ideas, financial resources and technology
What’s missing?

A

Globalisation

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10
Q

_________ may be defined as the design, construction and/or application of innovative devices, methods and machinery upon operations processes
What’s missing?

A

Technology

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11
Q
The 7 main \_\_\_\_\_\_\_\_\_ on operations management include:
• Globalisation 
• Technology
• Quality expectations 
• Cost-based competition 
• Government policies
• Legal regulation
• Environmental sustainability
What's missing?
A

Influences

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12
Q

_______ may be understood to be a specific reference to how well designed, made and functional goods are, and the degree of competence with which services are organised and delivered
What’s missing?

A

Quality

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13
Q
Quality expectations with \_\_\_\_\_\_ include:
• Quality of design 
• Fitness for purpose
• Durability
What's missing?
A

Goods

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14
Q
Quality expectations with \_\_\_\_\_\_\_ include:
• Professionalism
• Reliability
• Level of customisation 
What's missing?
A

Services

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15
Q

______-________ ___________ is derived from determining break even point and then applying strategies to create cost advantages over competitors
What’s missing?

A

Cost-based competition

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16
Q

_______ ______ are those costs that do not change regardless of the level of business activity
What’s missing?

A

Fixed costs

17
Q

________ ______ are those that vary in direct relationship to the level of of business activity (level of production)
What’s missing?

A

Variable costs

18
Q
Aspects to \_\_\_\_\_\_\_ cost include: 
• eliminate waste
• bulk buy inputs 
• achieve economies of scale 
• produce standardised products
• produce high volume output 
• use automated production systems 
What's missing?
A

Reduce

19
Q

_______ ________ is the term used for putting a price on carbon
What’s missing?

A

Carbon pricing

20
Q
\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_ impact on businesses, the factors are:
• taxation rates
• handling practices 
• OH&S standards
• training and rules
• public health policies
• environmental policies
• employment relations 
• trade and industry policies
What's missing?
A

Government policies

21
Q

_________ _______ are the expenses associated with meeting the requirements of legal regulations
What’s missing?

A

Compliance costs

22
Q
Some laws of \_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_ include: 
• Anti-discrimination Act
• Fair Work Act
• Disability discrimination 
What's missing?
A

Legal regulations

23
Q

_____________ _____________ means that business operations should be shaped around practices that consume resources today without compromising access to those resources for future generations
What’s missing?

A

Environmental sustainability (ecological sustainability)

24
Q

_______ _________ refers to the amount of carbon produced and entering the environment from operations processes
What’s missing?

A

Carbon footprint

25
Q

____________ _________ _____________ (CSR) refers to open and accountable business actions based on respect for people, community/society and the broader environment
What’s missing?

A

Corporate social responsibility

26
Q

Define ‘Triple Bottom Line’

A

The economic, social and environmental performance of a business

27
Q
\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_ typically fall into a number of areas for a business, which include:
• labour law compliance
• taxation
• intellectual property
• migration
What's missing?
A

Legal compliance

28
Q

A ________ is a person in a position of a financial trust with respect to others’ money
What’s missing?

A

Fiduciary

29
Q

_________ involves the use of outside specialist to undertake one or more key functions
What’s missing?

A

Outsourcing

30
Q

________ _________ involves the use of domestic businesses as the outsourcing provider
What’s missing?

A

Onshore outsourcing

31
Q

________ ___________ involves businesses going beyond the law and taking into account broader social, community and environmental concerns
What’s missing?

A

Ethical responsibility

32
Q

_________ __________ involves taking the activities to a provider in another country

A

Offshore outsourcing

33
Q

The ______________ ________ ______________ (ILO) raises matters of importance to workplaces and the rights of employees which include:
• working women and maternity protection
• the provision of safe working conditions
What’s missing?

A

International Labour Organisation