University of Alabama OM 300 Chilcutt Final Exam Fall 2024/2025 Actual Exam 2024/2025 100% Solved
13 views 0 purchase
Course
OM 300 Chilcutt
Institution
OM 300 Chilcutt
University of Alabama OM 300 Chilcutt
Final Exam Fall 2024/2025 Actual Exam
2024/2025 100% Solved
Production - The making of goods and services
Productivity - is the ratio of outputs (goods and services)
Multifactor productivity - indicates the ratio of goods and services
produced (outputs) t...
Productivity - ✔✔is the ratio of outputs (goods and services)
Multifactor productivity - ✔✔indicates the ratio of goods and services
produced (outputs) to many or all resources (inputs)
Competitive Advantage - ✔✔the creation of a unique advantage over
competitors
Product Life Cycle - ✔✔introduction, growth, maturity, decline
Outsourcing - ✔✔transferring a firm's activities that have traditionally
been internal to external suppliers
Core Competencies - ✔✔a set of skills, talents, and capabilities that
differentiates an organization from it's competition.
Critical Path - ✔✔the computed longest time path(s) through a network
, Project Manager - ✔✔person responsible for coordinating activities of
several departments for the completion of a specific project
Crash a project - ✔✔Shortening activity time in a network to reduce time
on the critical path so total completion time is reduced.
Short Range Forecast - ✔✔This forecast has a time span of up to 1 year
but is generally less than 3 months. It is used for planning purchasing, job
scheduling, workforce levels, job assignments, and production levels.
Medium Range Forceasts - ✔✔A medium-range, or intermediate,
forecast generally spans from 3 months to 3 years. It is useful in sales
planning, production planning and budgeting, cash budgeting, and analysis
of various operating plans.
Long Range Forecast - ✔✔Generally 3 years or more in time span, long-
range forecasts are used in planning for new products, capital
expenditures, facility location or expansion, and research and development.
Economic Forecast - ✔✔Address the business cycle by predicting
inflation rates, money supplies, housing starts, and other planning
indicators.
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 JOSHCLAY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
