BUSN 201 Exam 2 with All Correct Answers
what will get your through your inventions - Answer-- its new
- its not obvious
- it has a utility
operations management - Answer-management of the process that transforms resources into products
job for operations manager - Answer-- production pla...
BUSN 201 Exam 2 with All
Correct Answers
what will get your through your inventions - Answer-- its new
- its not obvious
- it has a utility
operations management - Answer-management of the process that transforms
resources into products
job for operations manager - Answer-- production planning
- production control
- quality control
production planning - Answer-managers determine how goods will be produced, where
production will take place, and how manufacturing facilities will be laid out
production control - Answer-managers must continually schedule and monitor the
activities that make up that process
quality control - Answer-manger is directly involved in efforts to ensure that goods are
produced according to specification and that quality standards are maintained
make-to-order strategy - Answer-production method in which products are made to
customer specification
mass production ( make-to-stock strategy) - Answer-production method in which high
volumes of products are made at low cost and held in inventory in anticipation of future
demand.
mass customization - Answer-production method in which fairly high volumes of
customized products are made at fairly low prices
site selection factors - Answer-- minimize shipping costs, both for raw materials coming
into the plant and for finished goods going out, managers often want to locate plants
close to suppliers, customers, or both.
- locate in areas with ample numbers of skilled workers.
- locations where they and their families will enjoy living.
,- locations where costs for resources and other expenses—land, labor, construction,
utilities, and taxes—are low.
- locations with a favorable business climate—one in which, for example, local
governments might offer financial incentives (such as tax breaks) to entice them to do
business in their locales.
capacity - Answer-maximum number of products that a facility can produce over a given
period under normal working conditions
layout - Answer-arrangement in a facility of equipment, machinery, and people to make
a production . process as efficient as possible
process layout - Answer-layout that groups together workers or departments that
perform similar tasks
product layout - Answer-layout in which products are produced by people, equipment, or
departments arranged in an assembly
cellular layout - Answer-layout in which teams of workers perform all the tasks involved
in building a component, group of related components, or finished product
- working inside U shape
ethical - Answer-ability and willingness to distinguish right from wrong when you're
practicing one or the other
business ethics - Answer-application of ethical behavior in a business context
stakeholders - Answer-parties who are interested in the activities of a business because
they're affected by them
how do you recognize an ethical organization? - Answer-- treating employees,
customers, investors, and the public fairly
- making fairness a top priority
- holding ever member personally accountable for his or her action
- communicating core values and principles to all members
- demanding and rewarding integrity from all members in all situations
how to face ethical dilemma - Answer-1. define the problem and collect relevant facts
2. identify feasible options
3. assess the effect of each option on stakeholders
, 4. establish criteria for determining the most appropriate action
5. select the best option based on the established criteria
ethical decision - Answer-decision in which there is a right (ethical0 choice and a wrong
(unethical or illegal) choice
ethical lapse - Answer-situation in which an individual makes a decision that's
unmistakably unethical or illegal
how to avoid an ethical lapse - Answer-1) is the action illegal?
2) is it unfair to some parties?
3) if I take it, will I feel badly about it?
4) will I be ashamed to tell my family, friends, coworkers, or boss?
5) will I be embarrassed if my action is written up in the local newspaper?
conflicts of interest - Answer-situation in which an individual must choose between the
promotion of personal interests and the interests of others.
insider trading - Answer-practice of buying or selling of securities using important
information about the company before it's made public.
how to maintain honesty and integrity - Answer-1. follow your own code of personal
conduct
2. while at work, focus on your own job, not non related work things
3. don't use office supplies or products for your own use
4. be honest with customers and ppl you work with
5. small day to day activities and gestures that build your character
whistle blower - Answer-individual who exposes illegal or unethical behavior in an
organization.
common rationalizations for justifying misconduct - Answer-- my behavior isn't really
illegal or immoral
- my action is in everyone's best interest
- no one will find out what i've done
- the company will condone my action and protect me
code of conduct - Answer-statement that defines the principles and guidelines that
employees must follow in the course of all job-related activities.
coporate social responsibility - Answer-approach that an organization takes in balancing
its responsibilities toward different stakeholders when making legal, economic, ethical,
and social decisions
fiduciary responsibility - Answer-duty of management to safeguard a company's assets
and handle its funds in a trustworthy manner
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 Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.39. You're not tied to anything after your purchase.
