Cob 300 Study guides, Class notes & Summaries

Agency Problem - An issue or conflict that arises due to potential divergence of interest between managers, shareholders, and creditors is best described as a(n): False - Corporations represent by far the largest contributor to overall revenue from all forms of business. They also represent the largest proportion of total entities. Access to capital - An advantage of the corporate form of business is its: Food truck business operating as a sole proprietorship - Your mom & dad inherit $1...

COB 300 Operations Chp 5 EXAM LATEST REAL EXAM 57 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ What are manufacturing processes? - ANSWER- processes used to make tangible goods. What is required to make something can be divided into 3 simple steps: Source, make, and deliver. Depending on the item being produced supply chain can be very long or very short, where parts are sourced and the product is made locally. Source: Parts are procured from suppliers Make: M...

COB 300 Operations Test 2 Questions and answers, rated A+ Phases of Quality Assurance - -1. Acceptance sampling: inspection before/after production (least progressive) 2. Process control: inspection and corrective action during production 3. Continuous improvement: quality built into the process (most progressive) Inspection - -An appraisal activity that compares goods or services to a standard Inspection Issues - -1. How much to inspect and how often 2. At what points in the process t...

COB 300 Operations Final Exam Questions and answers, rated A+ Explain system design vs. system operations decisions - -Design - require long term commitment, usually strategic decisions Operations - tactical and operational decisions, spend more time on it than any other decision area Whats an environmental concern for business operations? - -Sustainability - using resources in ways that do not harm ecological systems What comes first? Mass production or mass customization? - -Mass pro...

COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VERIFIED AND GRADED A+. COB 300D Exam 1WITH ANSWERS VE...

COB 300 Ops Final Exam Review Question and answers, rated A+ Capacity Planning Questions - -1) What kind of capacity is needed? 2) How much is needed? 3) When is it needed? Design Capacity - -maximum output rate or service capacity an operation, process, or facility is designed for Effective Capacity - -Design Capacity minus allowances such as personal time, maintenance, and scrap Actual Output - -rate of output actually achieved - cannot exceed effective capacity Can actual output ...

What are manufacturing processes? - ANSWER- processes used to make tangible goods. What is required to make something can be divided into 3 simple steps: Source, make, and deliver. Depending on the item being produced supply chain can be very long or very short, where parts are sourced and the product is made locally. Source: Parts are procured from suppliers Make: Manufacturing takes place Deliver: Product is shipped to the customers. Activities organized to minimize costs while meetin...

COB 300 Presentation, Questions and answers, graded A+ How much money are we seeking and why? - -we are seeking 1,100,000 dollars- 500,000 bank loan which will be paid off in year 3 and 100,000 from each of us to get materials to start our business How much are we willing to sell and how many times a year will product be bought - -6,757 cushion and fabric slips and 20,477 cloth covers - found these numbers by multiplying our total market potential by the market share -once a year for ...