BUS 115 Final CORRECT QUESTIONS &
ANSWERS|| LATEST UPDATE 2025
operations management - ANSWER all of the activities required to produce goods and
services
mass production - ANSWER manufacturing process that lowers the cost required to
produce a large number or similar products over a long period of time
analytical process - ANSWER breaks raw materials into different component parts
synthetic process - ANSWER combines raw materials to create a finished product
utility - ANSWER the ability of a good or service to satisfy a human need
form utility - ANSWER created by people converting raw materials, finances, and
information into finished products
service economy - ANSWER an economy in which more effort is devoted to the
production of services than to the production of goods
research and development - ANSWER a set of activities intended to identify new ideas
that have the potential to result in new goods and services
design planning - ANSWER the development of a plan for converting an idea into an
actual product or service
product line - ANSWER a group of similar products that differ only in relatively minor
characteristics
product design - ANSWER the process of creating a set of specifications from which a
product can be produced
capacity - ANSWER the amount of products or services that an organization can
produce in a given period of time
labor-intensive technology - ANSWER a process in which people must do most of the
work
capital-intensive technology - ANSWER a process in which machines and equipment do
most of the work
plant layout - ANSWER the arrangement of machinery, equipment, and personnel within
a production facility
, planning horizon - ANSWER the period during which an operational plan will be in effect
purchasing - ANSWER all the activities involved in obtaining required materials,
supplies, components, and parts from other firms
computer-aided manufacturing - ANSWER the used of computers to plan and control
manufacturing processes
computer-integrated manufacturing - ANSWER a computer system that helps to design
products and also controls the machinery needed to produce the finished product
continuous process - ANSWER a manufacturing process in which a firm produces the
same products over a long period of time
flexible manufacturing system - ANSWER combines electronic machines and computer-
integrated manufacturing in a single production system
intermittent process - ANSWER a manufacturing process in which a firm's
manufacturing machines and equipment are changed to produce different products
human resources management - ANSWER all of the activities involved in acquiring,
maintaining, and developing an organization's human resources
human resources planning - ANSWER the development of strategies to meet a firm's
future human resources needs
replacement chart - ANSWER a list of key personell and their possible replacements
within a firm
skills inventory - ANSWER a computerized data bank containing information on the
skills and experience of all present employees
cultural diversity - ANSWER differences among people in a workforce
job analysis - ANSWER a systematic procedure for studying jobs to determine their
various elements and requirements
job description - ANSWER a list of the elements that make up a particular job
job specification - ANSWER a list of the qualifications required to perform a particular
job
recruiting - ANSWER the process of attracting qualified job applicants
ANSWERS|| LATEST UPDATE 2025
operations management - ANSWER all of the activities required to produce goods and
services
mass production - ANSWER manufacturing process that lowers the cost required to
produce a large number or similar products over a long period of time
analytical process - ANSWER breaks raw materials into different component parts
synthetic process - ANSWER combines raw materials to create a finished product
utility - ANSWER the ability of a good or service to satisfy a human need
form utility - ANSWER created by people converting raw materials, finances, and
information into finished products
service economy - ANSWER an economy in which more effort is devoted to the
production of services than to the production of goods
research and development - ANSWER a set of activities intended to identify new ideas
that have the potential to result in new goods and services
design planning - ANSWER the development of a plan for converting an idea into an
actual product or service
product line - ANSWER a group of similar products that differ only in relatively minor
characteristics
product design - ANSWER the process of creating a set of specifications from which a
product can be produced
capacity - ANSWER the amount of products or services that an organization can
produce in a given period of time
labor-intensive technology - ANSWER a process in which people must do most of the
work
capital-intensive technology - ANSWER a process in which machines and equipment do
most of the work
plant layout - ANSWER the arrangement of machinery, equipment, and personnel within
a production facility
, planning horizon - ANSWER the period during which an operational plan will be in effect
purchasing - ANSWER all the activities involved in obtaining required materials,
supplies, components, and parts from other firms
computer-aided manufacturing - ANSWER the used of computers to plan and control
manufacturing processes
computer-integrated manufacturing - ANSWER a computer system that helps to design
products and also controls the machinery needed to produce the finished product
continuous process - ANSWER a manufacturing process in which a firm produces the
same products over a long period of time
flexible manufacturing system - ANSWER combines electronic machines and computer-
integrated manufacturing in a single production system
intermittent process - ANSWER a manufacturing process in which a firm's
manufacturing machines and equipment are changed to produce different products
human resources management - ANSWER all of the activities involved in acquiring,
maintaining, and developing an organization's human resources
human resources planning - ANSWER the development of strategies to meet a firm's
future human resources needs
replacement chart - ANSWER a list of key personell and their possible replacements
within a firm
skills inventory - ANSWER a computerized data bank containing information on the
skills and experience of all present employees
cultural diversity - ANSWER differences among people in a workforce
job analysis - ANSWER a systematic procedure for studying jobs to determine their
various elements and requirements
job description - ANSWER a list of the elements that make up a particular job
job specification - ANSWER a list of the qualifications required to perform a particular
job
recruiting - ANSWER the process of attracting qualified job applicants
