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University Of Alabama OM 300, Chilcutt Final Exam – Questions And Answers
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University Of Alabama OM 300, Chilcutt Final Exam – Questions And Answers
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University Of Alabama OM 300, Chilcutt Final Exam –Questions And Answers
Production Right Ans - the creation of goods and services
Productivity Right Ans - ratio of outputs (goods and services) divided by
one or more inputs (such as labor, capital, or management.)
Multifactor productivity Right Ans - indicates the ratio of goods and
services produced (outputs) to many or all resources (inputs)
Mission Right Ans - the purpose or rationale for an organization's existence
Strategy Right Ans - how an organization expects to achieve its missions
and goals
Competitive advantage Right Ans - the creation of a unique advantage over
competitors
Product Life Cycle Management Right Ans - software programs that tie
together many phases of product design and manufacture
Critical Path Right Ans - the computed longest time path(s) through a
network
Project Manager Right Ans - coordinate activities w/ other departments
and reports directly to top management
Project Manager Responsibilities Right Ans - responsible for ensuring:
1) all necessary activities are finished in proper sequence and on time
2) project stays within budget
3) project meets quality goals
4) people assigned to project receive motivation, direction, and info needed to
do their jobs
Forecast Time Horizon (short range) Right Ans - - time span of up to 1 year
but generally less than 3 months
, - used for planning purchasing, scheduling, workforce levels, job assignments,
and production levels
Forecast Time Horizon (medium range) Right Ans - - generally spans from
3 months to 3 years
- useful in sales planning, production planning + budgeting, cash budgeting,
and analysis of various operating plans
Forecast Time Horizon (long range) Right Ans - - generally 3+ years
- used in planning for new products, capital expenditures, facility
location/expansion, and research + development
Bill of Materials Right Ans - list of quantities of components, ingredients,
and materials required to make a product
Engineering Drawing Right Ans - drawing that shows the dimensions,
tolerances, materials, and finishes of a component
Stakeholders Right Ans - those w/ a vested interest in an org., including
customers, distributors, suppliers, owners, lenders, employees, and
community members
Triple Bottom Line Right Ans - systems needed to support the 3 P's: people,
planet, and profit; sustainability
Total Quality Management (TQM) Right Ans - management of an entire org.
so that it excels in all aspects of products and services that are important to
the customer
ISO 14001 Right Ans - series of environmental management standards
established by the International Org for Standardization (ISO)
Six Sigma Right Ans - program to save time, improve quality, and lower
costs
7 Tools of TQM Right Ans -
Check Sheet Right Ans - any kind of form that is designed for recording
data
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