BCOR Bundled Exams complete questions and correct answers

Operations management: correct answerThe planning, scheduling, and control of the activities that transform inputs into finished goods and services. Supply chain management: correct answerThe active management of supply chain activities and relationships in order to maximize customer value and ...

Internet of Things (IoT) correct answer A world where interconnected, internet-enabled devices or "things" have the ability to collect and share data without human intervention. Data correct answer Raw facts that describe the characteristics of an event or object. Information correct answ...

Organization correct answer A systematic arrangement of people to accomplish some specific purpose Why do we have organizations? correct answer -efficiency; to accomplish specific objectives -serve society -provide careers How do organizations accomplish their objectives? correct answer -...

8 Different Types of Muda correct answer 1. Overproduction 2. Inapprotiate Processing 3. Waiting 4. Transportation 5. Motion 6. Inventory 7. Defects 8. Underutilization of Employees Product-Process Matrix correct answer 1. Project (High Variety) 2. Job Shop (High Flexibility/Low Volume)...

Product Quality correct answer the degree to which output meets customer requirements- is determined by a combination of design and conformance quality Design Quality correct answer fit between designed features and customer requirements Conformance Quality correct answer degree to which...

Strategic Management correct answer integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage strategy correct answer set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors p...

T/F: Technical skills are the most important skill set for a Top Manager. correct answer False T/F: "Positive Psychology" explores ways to help people recognize their positive traits or strengths, and nurture them to their full potential. correct answer True T/F: Effective managers must ...