Please answer the following questions.

1		The three primary functions of a firm are financial management, operations management, and accounting.
			A)	True
			B)	False
2		Frederick W. Taylor is generally credited with introducing the moving assembly line.
			A)	True
			B)	False
3		The principal activity in all production operations is to convert inputs into outputs that satisfy consumer wants.
			A)	True
			B)	False
4		Human effort, technology, raw materials, information and time are all examples of the necessary inputs to operations.
			A)	True
			B)	False
5		The father of scientific management was Henry Ford.
			A)	True
			B)	False
6		A model is an abstraction of reality.
			A)	True
			B)	False
7		It is easier to measure productivity for an operation that provides services than for one that produces goods.
			A)	True
			B)	False
8		Both inputs and outputs are more uniform for an operation that provides services than for one that produces goods.
			A)	True
			B)	False
9		The difference between the cost of inputs and the price of outputs is known as value added.
			A)	True
			B)	False
10		Craft production involves the use of interchangeable parts.
			A)	True
			B)	False
11		A supply chain is a sequence of organizations that are involved in producing goods and/or producing services.
			A)	True
			B)	False
12		According to the Pareto principle, a relatively few factors are very important in achieving an objective or solving a problem.
			A)	True
			B)	False
13		Two recent trends in operations management are flexibility and specialization.
			A)	True
			B)	False
14		Mass production is based on the division of labor.
			A)	True
			B)	False