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strategy correct answers set of related actions that managers take to increase their company's performance strategic leadership correct answers the task of most effectively managing a company's strategy making process strategy development correct answers task of determining and selecting strategies strategy implementation correct answers task of putting strategies into action to improve a company's efficiency and effectiveness competitive advantage correct answers when a com...

OPMA 401 Midterm 2(Complete solutions) OPMA 407 Project Management Final Exam(All answered) OPMA 405 - Individual Quiz(with Errorless answers) OPMA Ch. 11 Inventory management(with solved solutions) OPMA 3306 Chapter 4 Conceptual Questions from Homework(All Accurately solved) OPMA 3306 Chapter 10 Conceptual Homework Questions(100% Everfree ans

production order quantity correct answers -used when inventory builds up over a period of time after an order is placed -used when units are produced and sold simultaneously ABC analysis correct answers a method for categorizing items so the most important items receive more management attention class A items correct answers top 15% these items represent 70-80% of total dollar usage. Managerial involvement required class B items correct answers next 35% these intermediate items acc...

What are the 4 stages of a project life cycle? correct answers 1) Project Formation 2) Project Build-up 3) Main program 4) Project phase-out What are 5 strategies to deal with conflict? (CACAC) correct answers - Competing - Avoiding - Collaborating - Accommodating - Compromising MRQ: What are four potential sources of conflict during the project formation stage? **On final exam** correct answers 1) Technical objectives not significantly detailed or explained --> difficult to d...

Define Project Management and the two broad categories it has correct answers Definition: a project may be defined as a series of related jobs (activities) usually directed towards some major output and requiring a significant time to perform two broad categories: 1. Conventional (low-tech). Repetitive projects, tested methods are preferred. Home construction. 2. Innovative (High-tech). Unique projects, flexible plans. Building the tallest tower Evaluating Project "Success" co...

Distinctive Characteristics of Services correct answers 1) Customer participation --> attention to facility design; customer plays part in process 2) Simultaneity (interaction) --> service capacity/facility utilization 3) Perishability (no inventories) → capacity management (demand/forecasting) 4) Intangibility (no patents) → spawns imitators; requires constant innovation 5) Heterogeneity (variability) → sales and demand will never be homogenous 6) Non-transferable own...

inventory management correct answers the planning and controlling of inventories to meet the competitive priorities of the organization accounting inventories correct answers raw materials work in process finished goods operational inventories correct answers cycle inventory safety stock inventory anticipation inventory pipeline inventory average cycle inventory correct answers Q/2 pipeline inventory correct answers d(L) single period model correct answers used when we are m...

Overtime and personnel transfers are solutions to capacity problems in the intermediate term. correct answers False Capacity planning is generally viewed in three time durations: Immediate, Intermediate, and Indeterminate. correct answers False The problem of keeping demand sufficiently high to keep a large factory busy is a sales issue and not a diseconomy of scale. correct answers False The ultimate in plant flexibility is a one-hour-changeover time plant. correct answers False, zero-...

Six Sigma refers to the philosophy and methods that some companies use to eliminate defects in their products and processes. correct answers True Variation that is inherent in a production process itself is called assignable variation. correct answers False A p-chart has upper and lower control limits expressed as lines on the chart. As long as the sample values fall between these two lines there is no need to investigate process behavior. correct answers False The value for Z used in q...

supply chain correct answers a network of facilities that procure raw materials, transform them into intermediate goods and then final products, and deliver the products to customers through a distribution system Vertical Integration correct answers Practice where a single entity controls the entire process of a product, from the raw materials to distribution Why would an organization not want to "outsource"? (do things themselves instead) correct answers control purchasing (procu...