Exam (elaborations)
OM 300 Test 3 Chilcutt – Questions & Verified Answers
- Course
- Institution
OM 300 Test 3 Chilcutt – Questions & Verified Answers
[Show more]
Content preview
OM 300 Test 3 Chilcutt – Questions & Verified AnswersTangible costs Right Ans - cost that are readily identifiable and precisely
measured. labor, material, taxes, and depreciation.
Intangible costs Right Ans - quality of education, public transportation
facilities, community attitudes toward the industry, and quality and attitude of
prospective employees.
Clustering Right Ans - locating somewhere near your your competitors and
near reseources for your business.
Factor Rating Method Right Ans - A procedure or technique to evaluate
multiple alternatives based on a number of selected factors. A location method
that instills objectivity into the process of identifying hard-to-evaluate costs
location cost-volume analysis Right Ans - Technique for making an
economic commission of location alternatives by identifying fixed and
variable cost.
center of gravity method Right Ans - mathematical equation for finding the
location of a distribution center that will minimize distribution cost
transportation model Right Ans - process to determine the best pattern for
shipments from several points of supply to demand destinations to minimize
total production and transportation costs.
Geographic Information System (GIS) Right Ans - Stores, accesses, displays,
and links demographic information to a geographical location.
labor planning Right Ans - determines staffing policies that deal with
employment stability, work schedules, and work rules.
job design Right Ans - specifies the tasks that constitutes a job for an
individual or a group.
labor specialization Right Ans - Division of labor that assist in reducing
labor costs of multi skilled artisans
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now