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University Of Alabama OM 300, Chilcutt Final Exam – Questions And Answers $9.99   Add to cart

Exam (elaborations)

University Of Alabama OM 300, Chilcutt Final Exam – Questions And Answers

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  • Module
  • OM 300
  • Institution
  • OM 300

University Of Alabama OM 300, Chilcutt Final Exam – Questions And Answers

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  • November 12, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OM 300
  • OM 300
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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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