Om 300 exam Study guides, Class notes & Summaries
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OM 300 Exam 1 Study Guide || A+ Guaranteed.
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operations management correct answers a set of activities that create value in the form of goods and services by transforming the inputs into outputs 
 
Explain the distinction between goods and services correct answers Services: intangible, produced and consumed simultaneously, unique, high customer interaction, inconsistent product definition, often knowledge based, services dispersed, quality may be hard to evaluate, and reselling is unusual. 
 
Goods:Tangible, product can usually be kept in ...
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OM 300 Exam 4 Questions And Answers With Verified Solutions
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OM 300 Exam 4 Questions And Answers With Verified Solutions 
The 3 primary business functions? ANS marketing, operations, finance 
 
Supply Chain ANS A global network of organizations and activities that supply a firm with goods and services 
 
The objective of supply chain mgmt.? ANS to build a chain of suppliers that focuses on maximizing value to the ultimate customer 
 
Productivity ANS the ratio of output (good and services) divided by the inputs (resources such as labor and capital)
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OM 300 Exam 2 With Complete Solutions
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OM 300 Exam 2 With Complete Solutions
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OM 300 Exam 2-Part 3 Verified Study Questions And Answers
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OM 300 Exam 2-Part 3 Verified Study Questions And Answers 
The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs 
 
an important motivation for a firm to improve its operations ANS Quality 
 
States that an operations manager's objective is to build a system like this that identifies and satisfies customer needs 
 
Encompasses entire organization from supplier to customer 
 
Stresses a commitment by management to have ...
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Om 300 Exam 3 With Complete Solutions
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Om 300 Exam 3 With Complete Solutions
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OM 300 Exam 3 With Complete Solutions
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OM 300 Exam 3 With Complete Solutions
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OM 300 Exam 1 || with 100% Errorless Solutions.
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Operations Management correct answers the business function responsible for planning, coordinating, and controlling the resources needed to produce a company's goods and services 
 
Role of operations correct answers to transform organizational inputs into outputs. 
 
value added correct answers the net increase created during the transformation of inputs into final outputs 
 
efficiency correct answers performing activities at the lowest possible cost 
 
Manufacturing organizations correct ans...
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NSG 300 Exam 3 (From Powerpoints and Textbook) with Complete Solutions
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NSG 300 Exam 3 (From Powerpoints and Textbook) with Complete SolutionsNSG 300 Exam 3 (From Powerpoints and Textbook) with Complete SolutionsNSG 300 Exam 3 (From Powerpoints and Textbook) with Complete SolutionsNSG 300 Exam 3 (From Powerpoints and Textbook) with Complete Solutions 
3 steps in the process of oxygenation: - ANSWER-ventilation, perfusion, and diffusion 
 
Is inspiration an active or passive process? - ANSWER-active; stimulated by chemical receptors in the aorta 
 
Is expiration an a...
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OM 300 Exam 2 Practice Questions With Complete Solutions
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OM 300 Exam 2 Practice Questions With Complete Solutions
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OM 300 Exam 1 – Northam || All Answers Are Correct 100%.
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What is a model? correct answers A purposeful representation of key elements of objects or systems and the relationships among them; provides abstract representation of something real 
 
What should be omitted in a model? correct answers Useless data 
 
What are the four different types of models? correct answers 1. Mental Models 
2. Visual Models 
3. Physical Models 
4. Mathematical Models 
 
What is mental model? correct answers Models that tell you what to do; example: traffic light, ski slop...
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