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MGSC 395 Practice Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
A credit card-processing firm would be likely to list the following competitive priorities for 
its external customers: 
A. 
Concurrent engineering 
B. 
Mass customization 
C. 
Consistent quality 
D. 
Postponement 
: c 
Which of the following events from the twentieth century defines the history of 
operations and supply chain management? 
A. 
The invention of the assembly line for the Model T car by Henry Ford. 
2 | P a g e 
B. 
Alfred Sloan's introduction of strategic planning for achievin...
- Exam (elaborations)
- • 44 pages •
A credit card-processing firm would be likely to list the following competitive priorities for 
its external customers: 
A. 
Concurrent engineering 
B. 
Mass customization 
C. 
Consistent quality 
D. 
Postponement 
: c 
Which of the following events from the twentieth century defines the history of 
operations and supply chain management? 
A. 
The invention of the assembly line for the Model T car by Henry Ford. 
2 | P a g e 
B. 
Alfred Sloan's introduction of strategic planning for achievin...
MGSC 395 Exam 2 | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Capacity 
: The max rate of output of a process or system 
What do long-term capacity plans involve? 
: Investments in new facilities and equip at the organizational level, and require 
top mgmt participation and approval bc they are not easily reversed 
When choosing a capacity strategy, what do managers need to consider? 
: How much of a cushion is needed for variable demand & should we expand 
capacity ahead of demand or wait until demand is more certain 
2 ways capacity can be expressed 
:...
- Exam (elaborations)
- • 35 pages •
Capacity 
: The max rate of output of a process or system 
What do long-term capacity plans involve? 
: Investments in new facilities and equip at the organizational level, and require 
top mgmt participation and approval bc they are not easily reversed 
When choosing a capacity strategy, what do managers need to consider? 
: How much of a cushion is needed for variable demand & should we expand 
capacity ahead of demand or wait until demand is more certain 
2 ways capacity can be expressed 
:...
MGSC 395 Exam 1 Timothy Fry Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Break Even Analysis 
: Analysis to compare processes by finding the volume at which two different 
processes have equal total costs. 
pQ = F + cQ 
Break Even Quantity 
: The volume at which total revenues equal total costs. 
Variables for Break Even 
: Variable cost (c) 
The portion of the total cost that varies directly with volume of output. 
Fixed cost (F) 
The portion of the total cost that remains constant regardless of changes in levels of 
output. 
Quantity (Q) 
The number of customer...
- Exam (elaborations)
- • 22 pages •
Break Even Analysis 
: Analysis to compare processes by finding the volume at which two different 
processes have equal total costs. 
pQ = F + cQ 
Break Even Quantity 
: The volume at which total revenues equal total costs. 
Variables for Break Even 
: Variable cost (c) 
The portion of the total cost that varies directly with volume of output. 
Fixed cost (F) 
The portion of the total cost that remains constant regardless of changes in levels of 
output. 
Quantity (Q) 
The number of customer...
MGSC 395 Exam 1 Ahire Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Operations management 
: The systematic design, direction, and control of processes that transform inputs 
into services and products for internal, as well as external, customers 
Process 
: Any activity or group of activities that takes one or more inputs, transforms them, 
and provides one or more outputs for its customers 
Operation 
: A group of resources performing all or part of one or more processes 
Supply chain management 
: The synchronization of a firm's processes with those of its...
- Exam (elaborations)
- • 16 pages •
Operations management 
: The systematic design, direction, and control of processes that transform inputs 
into services and products for internal, as well as external, customers 
Process 
: Any activity or group of activities that takes one or more inputs, transforms them, 
and provides one or more outputs for its customers 
Operation 
: A group of resources performing all or part of one or more processes 
Supply chain management 
: The synchronization of a firm's processes with those of its...
MGSC 395 Exam 1 University of South Carolina Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Big three areas chart 
: Finance--> Material and Service Input-->Operations--> Product and Service 
Outputs-->Marketing--> Sales revenue--> back to finance 
Finance 
: Acquires financial resources and capital for inputs 
Operations 
: Translates materials and services into outputs 
Marketing 
: Generates sales of outputs 
Support Functions 
: -Accounting 
2 | P a g e 
-Information Systems 
-Human Resources 
-Engineering 
Process (Inputs-->Process-->Output) 
: Any activi...
- Exam (elaborations)
- • 19 pages •
Big three areas chart 
: Finance--> Material and Service Input-->Operations--> Product and Service 
Outputs-->Marketing--> Sales revenue--> back to finance 
Finance 
: Acquires financial resources and capital for inputs 
Operations 
: Translates materials and services into outputs 
Marketing 
: Generates sales of outputs 
Support Functions 
: -Accounting 
2 | P a g e 
-Information Systems 
-Human Resources 
-Engineering 
Process (Inputs-->Process-->Output) 
: Any activi...
MGSC 395 Final Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Complementary products 
: when one demand goes up, so does the other 
Judgement methods 
: contextual knowledge gained through experience 
Causal methods 
: Use historical data and the relationships can be identified between the 
dependent and independent variable (s). 
Time series methods 
: Use historical information regarding only the dependent variable 
Time series methods examples 
: Simple moving average, exponential smoothing, trend patterns using regression 
method 
2 | P a g e 
naive...
- Exam (elaborations)
- • 7 pages •
Complementary products 
: when one demand goes up, so does the other 
Judgement methods 
: contextual knowledge gained through experience 
Causal methods 
: Use historical data and the relationships can be identified between the 
dependent and independent variable (s). 
Time series methods 
: Use historical information regarding only the dependent variable 
Time series methods examples 
: Simple moving average, exponential smoothing, trend patterns using regression 
method 
2 | P a g e 
naive...
MGSC 395 Exam 1 Precht Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Finance 
: Acquires financial resources and capital for inputs 
Marketing 
: Generates sales of outputs 
Operations 
: Translates materials and services into outputs 
Process 
: Any activity or group of activities that takes one or more inputs, transforms them, 
and provides one or more outputs for its customers 
Operation 
: A group of resources performing all or part of one more processes 
2 | P a g e 
Supply Chain 
: An interrelated series of processes within and across firms that produces ...
- Exam (elaborations)
- • 13 pages •
Finance 
: Acquires financial resources and capital for inputs 
Marketing 
: Generates sales of outputs 
Operations 
: Translates materials and services into outputs 
Process 
: Any activity or group of activities that takes one or more inputs, transforms them, 
and provides one or more outputs for its customers 
Operation 
: A group of resources performing all or part of one more processes 
2 | P a g e 
Supply Chain 
: An interrelated series of processes within and across firms that produces ...
MGSC 395 (Exam 1 David Precht) Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Finance 
: Acquires financial resources and capital for inputs 
Marketing 
: Generates sales of outputs 
Operations 
: Translates materials and services into outputs 
Process 
: Any activity or group of activities that takes one or more inputs, transforms them, 
and provides one or more outputs for its customers 
Operation 
: A group of resources performing all or part of one or more processes 
2 | P a g e 
Supply Chain 
: An interrelated series of processes within and across firms that produc...
- Exam (elaborations)
- • 8 pages •
Finance 
: Acquires financial resources and capital for inputs 
Marketing 
: Generates sales of outputs 
Operations 
: Translates materials and services into outputs 
Process 
: Any activity or group of activities that takes one or more inputs, transforms them, 
and provides one or more outputs for its customers 
Operation 
: A group of resources performing all or part of one or more processes 
2 | P a g e 
Supply Chain 
: An interrelated series of processes within and across firms that produc...
MGMT 474 Exam 2 | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Definition of Quality according to Institute of Medicine 
: degree to which health services for individuals or populations increase the 
likelihood of desired health outcomes and are consistent with the current professional 
knowledge 
Donabedian conception of quality: 
: structure, process, outcomes 
structure according to Donabedian 
: quality of material, human resources and facilities. 
· Better trained human resources, more advanced equipment 
· Higher quality = higher structure 
proces...
- Exam (elaborations)
- • 55 pages •
Definition of Quality according to Institute of Medicine 
: degree to which health services for individuals or populations increase the 
likelihood of desired health outcomes and are consistent with the current professional 
knowledge 
Donabedian conception of quality: 
: structure, process, outcomes 
structure according to Donabedian 
: quality of material, human resources and facilities. 
· Better trained human resources, more advanced equipment 
· Higher quality = higher structure 
proces...
MGMT 346 Final Exam Review Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Which of the following techniques is considered secondary research? 
-Conducting focus group 
-Observing the effect of subliminal messages on shoppers 
-Using Hoover's to determine what Walmart's profits were last quarter 
-Counting the number of times a speaker uses the word "utilize" in the transcript of a 
speech 
-Interviewing a subject matter expert 
: Using Hoover's to determine what Walmart's profits were last quarter 
"The Chicago Tribune pointed out that..." is an example of 
-...
- Exam (elaborations)
- • 26 pages •
Which of the following techniques is considered secondary research? 
-Conducting focus group 
-Observing the effect of subliminal messages on shoppers 
-Using Hoover's to determine what Walmart's profits were last quarter 
-Counting the number of times a speaker uses the word "utilize" in the transcript of a 
speech 
-Interviewing a subject matter expert 
: Using Hoover's to determine what Walmart's profits were last quarter 
"The Chicago Tribune pointed out that..." is an example of 
-...
Sherpath Exam Review Med Surg 2 Questions and Verified Answers | Passed | A+
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