GMS 401 Final Exam With 100% Correct
And Verified Answers
Production |- |Correct |Answer-the |creation |of |goods |and |services
Operations |Management |- |Correct |Answer-Activities |that |relate |to |the
|creation |of |goods |and |services |through |the |transformation |of |inputs |to
|outputs
Supply |chain |- |Correct |Answer-A |global |network |of |organizations |and
|activities |that |supply |a |firm |with |goods |and |services
Services |- |Correct |Answer-Economic |activities |that |typically |produce |an
|intangible |product |(such |as |education, |entertainment, |lodging,
|government, |financial, |and |health |services)
Service |sector |- |Correct |Answer-the |segment |of |the |economy |that
|includes |trade, |financial, |lodging, |education, |legal, |medical, |and |other
|professional |occupations
Management |process |- |Correct |Answer-the |application |of |planning,
|organizing, |staffing, |leading, |and |controlling |to |the |achievement |of
|objectives
Differentiation |- |Correct |Answer-distinguishing |the |offerings |of |an
|organization |in |a |way |that |the |customer |perceives |as |adding |value
Experience |Differentiation |- |Correct |Answer-Engaging |a |customer |with |a
|product |through |imaginative |use |of |the |five |senses, |so |the |customer
|"experiences" |the |product
Low |cost |leadership |- |Correct |Answer-achieving |maximum |value, |as
|perceived |by |the |customer
Response |- |Correct |Answer-a |set |of |values |related |to |rapid, |flexible, |and
|reliable |performance
,Mission |- |Correct |Answer-the |purpose |or |rationale |for |an |organization's
|existence
Strategy |- |Correct |Answer-how |an |organization |expects |to |achieve |its
|missions |and |goals
Productivity |- |Correct |Answer-the |ratio |of |outputs |(goods |and |services)
|divided |by |one |or |more |inputs |(such |as |labour, |capital |or |management)
Single |factor |Productivity |- |Correct |Answer-Indicates |the |ratio |of |one
|resource |(input) |to |the |goods |and |services |produced |(outputs).
Multifactor |productivity |- |Correct |Answer-indicates |the |ratio |of |many |or
|all |resources |(inputs) |to |the |goods |and |services |produced |(outputs)
Productivity |variables |- |Correct |Answer-the |three |factors |critical |to
|productivity |improvement |- |capital |and |the |art |and |science |of
|management
Knowledge |Society |- |Correct |Answer-a |society |in |which |much |of |the
|labour |force |has |migrated |from |manual |work |to |work |based |on
|knowledge
Maintenance |- |Correct |Answer-the |activities |involved |in |keeping |a
|systems |equipment |in |working |order
Reliability |- |Correct |Answer-the |probability |that |a |machine |part |or
|product |will |function |properly |for |a |specified |time |under |stated
|conditions
Mean |Time |Between |Failures |(MTBF) |- |Correct |Answer-The |expected
|time |between |a |repair |and |the |next |failure |of |a |component, |machine,
|process, |or |product.
Redundancy |- |Correct |Answer-the |use |of |components |in |parallel |to |raise
|reliability
, Product |development |stages |- |Correct |Answer-Product |concepts |are
|developed |from |a |variety |of |sources, |both |external |and |internal |to |the
|firm. |Concepts |that |survive |the |product |idea |stage |progress |through
|various |stages, |with |nearly |constant |review, |feedback, |and |evaluation
|in |a |highly |participative |environment |to |minimize |failure
Robust |design |- |Correct |Answer-a |design |that |can |be |produced |to
|requirements |even |with |unfavorable |conditions |in |the |production
|process
Modular |designs |- |Correct |Answer-Designs |in |which |parts |or
|components |of |a |product |are |subdivided |into |modules |that |are |easily
|interchanged |or |replaced
computer-aided |design |(CAD) |- |Correct |Answer-interactive |use |of |a
|computer |to |develop |and |document |a |product
Design |for |manufacture |and |assembly |(DFMA) |- |Correct |Answer-
software |that |allows |designers |to |look |at |the |effect |of |design |on
|manufacturing |of |the |product
3-D |Object |Modeling |- |Correct |Answer-An |extension |of |CAD |that |builds
|small |prototypes.
Standard |for |the |exchange |of |product |data |(STEP) |- |Correct |Answer-a
|standard |that |provides |a |format |allowing |the |electronic |transmission |of
|three-dimensional |data
computer-aided |manufacturing |(CAM) |- |Correct |Answer-the |use |of
|information |technology |to |control |machinery
Virtual |reality |- |Correct |Answer-a |visual |form |of |communication |in |which
|images |substitute |for |reality |and |typically |allow |the |user |to |respond
|interactively
Value |analysis |- |Correct |Answer-a |review |of |successful |products |that
|takes |place |during |the |production |process
And Verified Answers
Production |- |Correct |Answer-the |creation |of |goods |and |services
Operations |Management |- |Correct |Answer-Activities |that |relate |to |the
|creation |of |goods |and |services |through |the |transformation |of |inputs |to
|outputs
Supply |chain |- |Correct |Answer-A |global |network |of |organizations |and
|activities |that |supply |a |firm |with |goods |and |services
Services |- |Correct |Answer-Economic |activities |that |typically |produce |an
|intangible |product |(such |as |education, |entertainment, |lodging,
|government, |financial, |and |health |services)
Service |sector |- |Correct |Answer-the |segment |of |the |economy |that
|includes |trade, |financial, |lodging, |education, |legal, |medical, |and |other
|professional |occupations
Management |process |- |Correct |Answer-the |application |of |planning,
|organizing, |staffing, |leading, |and |controlling |to |the |achievement |of
|objectives
Differentiation |- |Correct |Answer-distinguishing |the |offerings |of |an
|organization |in |a |way |that |the |customer |perceives |as |adding |value
Experience |Differentiation |- |Correct |Answer-Engaging |a |customer |with |a
|product |through |imaginative |use |of |the |five |senses, |so |the |customer
|"experiences" |the |product
Low |cost |leadership |- |Correct |Answer-achieving |maximum |value, |as
|perceived |by |the |customer
Response |- |Correct |Answer-a |set |of |values |related |to |rapid, |flexible, |and
|reliable |performance
,Mission |- |Correct |Answer-the |purpose |or |rationale |for |an |organization's
|existence
Strategy |- |Correct |Answer-how |an |organization |expects |to |achieve |its
|missions |and |goals
Productivity |- |Correct |Answer-the |ratio |of |outputs |(goods |and |services)
|divided |by |one |or |more |inputs |(such |as |labour, |capital |or |management)
Single |factor |Productivity |- |Correct |Answer-Indicates |the |ratio |of |one
|resource |(input) |to |the |goods |and |services |produced |(outputs).
Multifactor |productivity |- |Correct |Answer-indicates |the |ratio |of |many |or
|all |resources |(inputs) |to |the |goods |and |services |produced |(outputs)
Productivity |variables |- |Correct |Answer-the |three |factors |critical |to
|productivity |improvement |- |capital |and |the |art |and |science |of
|management
Knowledge |Society |- |Correct |Answer-a |society |in |which |much |of |the
|labour |force |has |migrated |from |manual |work |to |work |based |on
|knowledge
Maintenance |- |Correct |Answer-the |activities |involved |in |keeping |a
|systems |equipment |in |working |order
Reliability |- |Correct |Answer-the |probability |that |a |machine |part |or
|product |will |function |properly |for |a |specified |time |under |stated
|conditions
Mean |Time |Between |Failures |(MTBF) |- |Correct |Answer-The |expected
|time |between |a |repair |and |the |next |failure |of |a |component, |machine,
|process, |or |product.
Redundancy |- |Correct |Answer-the |use |of |components |in |parallel |to |raise
|reliability
, Product |development |stages |- |Correct |Answer-Product |concepts |are
|developed |from |a |variety |of |sources, |both |external |and |internal |to |the
|firm. |Concepts |that |survive |the |product |idea |stage |progress |through
|various |stages, |with |nearly |constant |review, |feedback, |and |evaluation
|in |a |highly |participative |environment |to |minimize |failure
Robust |design |- |Correct |Answer-a |design |that |can |be |produced |to
|requirements |even |with |unfavorable |conditions |in |the |production
|process
Modular |designs |- |Correct |Answer-Designs |in |which |parts |or
|components |of |a |product |are |subdivided |into |modules |that |are |easily
|interchanged |or |replaced
computer-aided |design |(CAD) |- |Correct |Answer-interactive |use |of |a
|computer |to |develop |and |document |a |product
Design |for |manufacture |and |assembly |(DFMA) |- |Correct |Answer-
software |that |allows |designers |to |look |at |the |effect |of |design |on
|manufacturing |of |the |product
3-D |Object |Modeling |- |Correct |Answer-An |extension |of |CAD |that |builds
|small |prototypes.
Standard |for |the |exchange |of |product |data |(STEP) |- |Correct |Answer-a
|standard |that |provides |a |format |allowing |the |electronic |transmission |of
|three-dimensional |data
computer-aided |manufacturing |(CAM) |- |Correct |Answer-the |use |of
|information |technology |to |control |machinery
Virtual |reality |- |Correct |Answer-a |visual |form |of |communication |in |which
|images |substitute |for |reality |and |typically |allow |the |user |to |respond
|interactively
Value |analysis |- |Correct |Answer-a |review |of |successful |products |that
|takes |place |during |the |production |process
