MANAGEMENT OBJECTIVE ASSESSMENT
FINAL EXAM 2026 COMPLETE STUDY GUIDE
WITH VERIFIED CORRECT ANSWERS GRADED
A+
◉ information age. Answer: A time when infinite quantities of facts are
widely available to anyone who can use a computer
◉ internet of things (IoT). Answer: A world where interconnected
Internet-enabled devices or "things" have the ability to collect and share
data without human intervention
◉ machine-to-machine (M2M). Answer: refers to devices that connect
directly to there devices
◉ data aggregation. Answer: The collection of data from various
sources for the purpose of data processing
◉ structured data. Answer: data that has defined length, type and format
and includes numbers, dates, or strings such as Customer Address
,◉ ambient digital experience. Answer: a blend of the physical, virtual,
and electronic environments creating a real-time ambient environment
that changes as the user moves form one place to another
◉ Internet of Everything (IoE). Answer: a concept that extends the
Internet of Things (IoT) emphasis on machine-to-machine
communications to describe a more complex system that also
encompasses people and processes
◉ autonomous agent. Answer: software that carries out some set of
operations on behalf of a user or another program with some degree of
independence or autonomy, and employ some knowledge or
representation of the user's goals or desires
◉ autonomic computing. Answer: a self-managing computing model
named after, and patterned on, the human body's autonomic nervous
system
◉ transformation process. Answer: the technical core, especially in
manufacturing organizations; the actual conversion of inputs to outputs
◉ value-added. Answer: the term used to describe the difference
between the cost of inputs and the value of price of outputs
,◉ strategic business units (SBUs). Answer: consists of several stand
alone businesses
◉ materials requirement planning (MRP) system. Answer: sales
forecasts to make sure that needed parts and materials are available at
the right time and place in a specific company
◉ tactical planning. Answer: focuses on producing goods and services
as efficiently as possible within the strategic plan
◉ operational planning and control (OP&C). Answer: deals with the
day to day procedures for performing work, including scheduling,
inventory, and process management
◉ International Organization for Standardization (ISO). Answer: a non-
governmental organization established in 1947 to promote the
development of world standards to facilitate the international exchange
of goods and services
◉ process quality. Answer: main goal is to produce defect free products
◉ six sigma quality. Answer: the goal is to detect potential problems to
prevent their occurrence and achieve no more than 3.4 defects per
million opportunities
, ◉ malcolm baldric national quality awards. Answer: 1987 U.S. standard
awarding quality awards in seven key areas: leadership, strategic
planning, customer/market focus, information and analysis, human
resources focus, process management, and business results
◉ ISO 900. Answer: international organization for standardization
(1947) requiring a company to determine customer needs, including
regulatory and legal requirements including communication
arrangements. Other standards involve process control, product testing,
storage and delivery.
◉ ISO 14000. Answer: collection of best practices for managing an
organizations impact on the environment
◉ CMMI. Answer: capability maturity integration is a framework for
best practices. Does not describe the processes themselves; it describes
the characteristics of good processes, thus providing efficient guidelines.
◉ inputs. Answer: land, labor, capital, information
◉ transformation. Answer: conversion process
◉ outputs. Answer: goods & services