Management (working) Exam Rated A+
Confirmation - Answer- The process of verifying the validity of an event or object.
Information Age - Answer- A period in which vast amounts of factual data are readily
accessible to anyone with computer access.
Internet of Things (IoT) - Answer- A global network of interconnected internet-enabled
devices or 'things' that can collect and share data without human intervention.
Machine-to-Machine (M2M) - Answer- Devices that directly connect and communicate
with other devices.
Data Aggregation - Answer- The process of collecting data from various sources for the
purpose of data processing.
Structured Data - Answer- Data that has a defined length, type, and format, such as
numbers, dates, or strings.
Ambient Digital Experience - Answer- An immersive environment that combines
physical, virtual, and electronic elements in real-time.
Internet of Everything (IoE) - Answer- An extension of the Internet of Things (IoT) that
includes machine-to-machine communication and encompasses people and processes.
Autonomous Agent - Answer- Software that performs operations on behalf of a user or
another program with some degree of independence or autonomy.
Autonomic Computing - Answer- A self-managing computing model inspired by the
autonomic nervous system of the human body.
Transformation Process - Answer- The actual conversion of inputs into outputs within
the technical core of an organization.
Value-Added - Answer- The difference between the cost of inputs and the value or price
of outputs.
Strategic Business Units (SBUs) - Answer- Independent business entities within an
organization.
Materials Requirement Planning (MRP) System - Answer- A system that uses sales
forecasts to ensure the availability of necessary parts and materials at the right time and
place.
, Tactical Planning - Answer- The process of efficiently producing goods and services
within the strategic plan.
Operational Planning and Control (OP&C) - Answer- The management of day-to-day
work procedures, including scheduling, inventory, and process management.
International Organization for Standardization (ISO) - Answer- A non-governmental
organization that promotes the development of global standards for facilitating
international exchange of goods and services.
Process Quality - Answer- The objective of producing defect-free products.
Six Sigma Quality - Answer- A quality management approach aimed at preventing
problems and achieving no more than 3.4 defects per million opportunities.
Malcolm Baldrige National Quality Awards - Answer- U.S. awards recognizing quality
achievements in seven key areas: leadership, strategic planning, customer/market
focus, information and analysis, human resources focus, process management, and
business results.
ISO 900 - Answer- A standard that requires companies to identify customer needs,
including regulatory and legal requirements, and establish communication
arrangements.
ISO 14000 - Answer- A collection of best practices for managing an organization's
impact on the environment.
Capability Maturity Model Integration (CMMI) - Answer- A framework for best practices
that describes the characteristics of effective processes.
Inputs - Answer- The resources used in the transformation process, including land,
labor, capital, and information.
Transformation - Answer- The process of converting inputs into outputs, such as goods
and services.
Outputs - Answer- The goods and services produced by the transformation process.
Storage Virtualization - Answer- The combination of multiple network storage devices to
appear as a single storage device.
Network Virtualization - Answer- The division of available bandwidth into independent
channels that can be assigned in real-time to specific devices.