What is a mission statement? correct answers Statement that explains why an organization exists. Describes its core values and identifies the organization's domain.
Know the deference between functional strategy and infrastructure strategy correct answers § Translates a business strategy into s...
OMGT Final Exam || 100% CORRECT.
What is a mission statement? correct answers Statement that explains why an organization
exists. Describes its core values and identifies the organization's domain.
Know the deference between functional strategy and infrastructure strategy correct answers §
Translates a business strategy into specific actions for functional areas such as marketing,
human resources, and finance.
§ Includes the policies, people, decisions
Structural elements include what correct answers Includes tangible resources such as
buildings, equipment, and computer systems
What is conformance quality correct answers Whether a product was made, or a service
performed to specifications
What is the definition of business strategy correct answers Identifies a firm's targeted
customers and sets time frames and performance objective for the business
Math problem with efficacy correct answers Actual output / effective capacity
Acronym for 6 sigma process correct answers DMAIC
Define, measure, analyze, improve, control
Green belt have more training than who correct answers Champion, master black belt, black
belt
Definition of TQM correct answers Defines the boundaries of the process
What is the definition of conformance perspective? correct answers Focuses on whether or
not a product was made, or a service was performed as intended
What is the definition reliability? correct answers Whether a product will work for a long
time without failing or requiring maintenance
Know the core ideas of TQM correct answers
Math problem involving rated capacity correct answers The long-term expected output
capability of a resource or system.
Appropriate measures of capacity correct answers The capability of a worker, a machine, a
work center, a plant, or an organization to produce output in a time period
Advantage of lead capacity correct answers Capacity is added in anticipation of demand
Which capacity strategy is suited for all types of growth correct answers Lead capacity
Example of a variable cost correct answers raw materials and labor
A total cost math question correct answers Different college example
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