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SCMT 364 Exam 1- James Abbey Questions and correct verified Answers

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SCMT 364 Exam 1- James Abbey Questions and correct verified Answers

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SCMT 364 Exam 1- James Abbey
Questions and correct verified Answers
Pure Goods - correct answer-✅Food products, Chemicals, and book publishing
Core Goods - correct answer-✅Appliances, Data storage systems, and automobiles
Core Services - correct answer-✅Hotels, airlines, and internet service providers
Pure Services - correct answer-✅teaching, medical advice, and financial consulting
Manufacturing Organization - correct answer-✅Tangible products and low degree of customer contact
Service Organization - correct answer-✅Tangible products and high degree of customer contact
Straddling - correct answer-✅when a firm seeks to match what a competitor is doing by adding
incompatible features, services, or technologies to existing activities
Productivity (relative measure) - correct answer-✅= Output produced/input used
Pure outsourcing - correct answer-✅external design with contract manufacturing
Hybrid in-house and outsourcing - correct answer-✅design internally , contract manufacture or design
externally, in house manufacturing
Pure in house (in source) - correct answer-✅Design internally, manufacture internally (vertical
integration)
Derivative - correct answer-✅Not much change; product enhancement, incremental change,
Platform - correct answer-✅Moderate change; addition to product quality, process upgrade, technology
upgrade
Breakthrough - correct answer-✅Total change; new core products, new core process, new core
technology, outsource major activity
Pure project - correct answer-✅a self contained team works full time on the proj.
Functional project - correct answer-✅responsibility for the project lies within one functional area of the
firm. Employees from that area work on the project, usually only part time
Matrix project - correct answer-✅a blend of pure and functional project structures- people from
different functional areas work on the project, possibly only part time
Statement of Work - correct answer-✅written description of the objectives to be achieved
Task - correct answer-✅a further subdivision of a project - usually shorter than several months and
performed by a single group or organization
Work package - correct answer-✅a group of activities combined to be assignable to a single
organizational unit
Project milestone - correct answer-✅Specific events in the life of the project
Work Breakdown structure - correct answer-✅defines the hierarchy of project tasks, subtasks, and work
packages
Activities - correct answer-✅Pieces of work that consume time
Critical Path - correct answer-✅the path taking the longest time through the network, provides a wide
range of scheduling information useful in managing a project
Earned Value Management - correct answer-✅A technique for measuring project progress in an
objective manner, has the ability to combine measurements of scope, schedule, and cost in a project,
provides a method for evaluating the relative success of a project at a point in time.
Strategic Capacity planning - correct answer-✅An approach to determine the overall capacity level of
capital intensive resources, including facilities, equipment, and overall labor force size; focused on the
best ways to leverage a companies long-term competitive strategy,
Best Operating Level - correct answer-✅Output level at which the average unit cost of producing
something (good or service) is minimized.

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