BUS 115 Final Exam QUESTIONS &
ANSWERS(RATED A+)
production - ANSWER the creation of goods and services using the factors of
production. Land, labor, capital, entrepreneurship, and knowledge.
production management - ANSWER describes all the activities managers do to help
companies create goods
operations Management - ANSWER A specialized area in management that converts or
transforms resources (including human resources) into goods and services.
form Utility - ANSWER the value producers add to materials in the creation of finished
goods and services
process manufacturing - ANSWER that part of the production process that physically or
chemically changes materials
assembly process - ANSWER that part of the production process that puts together
components
continuous process - ANSWER a production process in which long production runs turn
out finished goods over time
intermittent process - ANSWER a production process in which the production run is
short and the machines are changed frequently to make different products
CAD - ANSWER Computer Aided Design
CAM - ANSWER Computer Aided Manufacturing
CIM - ANSWER Computer Integrated Manufacturing
Program Evaluation and Review Technique (PERT) - ANSWER A method for analyzing
the tasks involved in completing a given project, estimating the time needed to complete
each task, and identifying the minimum time needed to complete the total project.
critical path - ANSWER in a PERT network, the sequence of tasks that takes the
longest time to complete
mallows hierarchy of needs - ANSWER theory of motivation based on unmet human
needs from basic physiological needs to safety, social, and esteem needs to self-
actualization needs
ANSWERS(RATED A+)
production - ANSWER the creation of goods and services using the factors of
production. Land, labor, capital, entrepreneurship, and knowledge.
production management - ANSWER describes all the activities managers do to help
companies create goods
operations Management - ANSWER A specialized area in management that converts or
transforms resources (including human resources) into goods and services.
form Utility - ANSWER the value producers add to materials in the creation of finished
goods and services
process manufacturing - ANSWER that part of the production process that physically or
chemically changes materials
assembly process - ANSWER that part of the production process that puts together
components
continuous process - ANSWER a production process in which long production runs turn
out finished goods over time
intermittent process - ANSWER a production process in which the production run is
short and the machines are changed frequently to make different products
CAD - ANSWER Computer Aided Design
CAM - ANSWER Computer Aided Manufacturing
CIM - ANSWER Computer Integrated Manufacturing
Program Evaluation and Review Technique (PERT) - ANSWER A method for analyzing
the tasks involved in completing a given project, estimating the time needed to complete
each task, and identifying the minimum time needed to complete the total project.
critical path - ANSWER in a PERT network, the sequence of tasks that takes the
longest time to complete
mallows hierarchy of needs - ANSWER theory of motivation based on unmet human
needs from basic physiological needs to safety, social, and esteem needs to self-
actualization needs
