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Wgu C201 Business Acumen - Chapter 10 Exam Questions And Answers

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assembly line - ANSWERSa series of workers and machines in a factory by which a succession of identical items is progressively assembled. benchmarking - ANSWERSassessing how well other companies perform business functions or tasks. In other words, benchmarking is the process of determining other firms' standards and best practices. computer-aided design (CAD) - ANSWERSallows engineers to design products and test prototypes on computers more quickly and efficiently than traditional drafting methods computer-aided manufacturing (CAM) - ANSWERSallows a manufacturer to analyze and develop the steps needed to produce a product computer-integrated manufacturing (CIM) - ANSWERSproduction system in which computers help workers design products, control machines, handle materials, and control the production function in an integrated fashion. critical path - ANSWERSthe sequence of operations that requires the longest time for completion customer-driven production - ANSWERSa firm designs production schedules according to short-term forecasts of customer demands. flexible production - ANSWERSallows firms to cost-effectively produce smaller batches of goods, often through the use of automation and information technology to reduce requirements for workers and inventory. follow-up - ANSWERSemployees and managers identify and solve any problems that arise. (5th step in production control) International Organization for Standards (ISO) - ANSWERSorganization whose mission is to develop and promote international standards for business, government, and

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WGU C201 BUSINESS ACUMEN -
CHAPTER 10 EXAM QUESTIONS AND
ANSWERS
assembly line - ANSWERSa series of workers and machines in a factory by which a
succession of identical items is progressively assembled.

benchmarking - ANSWERSassessing how well other companies perform business
functions or tasks. In other words, benchmarking is the process of determining other
firms' standards and best practices.

computer-aided design (CAD) - ANSWERSallows engineers to design products and test
prototypes on computers more quickly and efficiently than traditional drafting methods

computer-aided manufacturing (CAM) - ANSWERSallows a manufacturer to analyze
and develop the steps needed to produce a product

computer-integrated manufacturing (CIM) - ANSWERSproduction system in which
computers help workers design products, control machines, handle materials, and
control the production function in an integrated fashion.

critical path - ANSWERSthe sequence of operations that requires the longest time for
completion

customer-driven production - ANSWERSa firm designs production schedules according
to short-term forecasts of customer demands.

flexible production - ANSWERSallows firms to cost-effectively produce smaller batches
of goods, often through the use of automation and information technology to reduce
requirements for workers and inventory.

follow-up - ANSWERSemployees and managers identify and solve any problems that
arise. (5th step in production control)

International Organization for Standards (ISO) - ANSWERSorganization whose mission
is to develop and promote international standards for business, government, and
society to facilitate global trade and cooperation.
customer-oriented layout - ANSWERSDesign often used by service organizations to
enhance interactions between employees and customers.

dispatching - ANSWERSinstructing each department on the work and the time allowed
for it. (4th step in the production control)

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