QUESTIONS and ANSWERS GEADED A+
A Web-based marketplace, usually owned by a third party,
that allows members to trade with each other. - CORRECT ANSWER-Consortia trade
exchange
Any element or factor that prevents a system from achieving a higher level of performance with
respect to its goal. - CORRECT ANSWER-Constraint
,Applications that support the evolutionary life cycle of digitalbased information and make
information dynamically
updatable online. - CORRECT ANSWER-Content Management
A graphic comparison of process performance data with
predetermined computed limits. - CORRECT ANSWER-Control Chart
An accounting classification useful for determining the
amount of direct materials, direct labor, and allocated
overhead associated with the products sold during a given
period of time. - CORRECT ANSWER-Cost of Goods Sold
The costs associated with providing poor quality products or services. - CORRECT
ANSWER-Cost of Poor Quality
The classification of a group of items in decreasing order of
annual dollar volume (price multiplied by projected volume)
or other criteria. This array is then split into three classes,
called A, B, and C. The A group usually represents 10% to
20% by number of items and 50% to 70% by projected dollar
volume. The next grouping, B, usually represents about 20%
,of the items and about 20% of the dollar volume. The C class
contains 60% to 70% of the items and represents about
10% to 30% of the dollar volume. - CORRECT ANSWER-ABC Classification
An RFID tag which broadcasts information and contains its
own power source. - CORRECT ANSWER-Active tag
Techniques that deal with analysis and planning of logistics
and manufacturing over the short-, intermediate-, and longterm
time periods and describe any computer program that
uses advanced mathematical algorithms or logic to perform
optimization or simulation on finite capacity scheduling,
sourcing, capital planning, resource planning, forecasting,
demand management, and others. - CORRECT ANSWER-Advanced planning and
scheduling
One who acts on behalf of another (the principal) in dealing
with a third party. - CORRECT ANSWER-Agent
Additional inventory above basic pipeline stock to cover
projected trends of increasing sales, planned sales promotion
, programs, seasonal fluctuations, plant shutdowns, and
vacations. - CORRECT ANSWER-Anticipation inventories
Computer programs that can learn and reason in a manner
similar to humans. The problem is defined in terms of states
and operators to generate a search space that is examined for
the best solution. In contrast, conventional programming
collects and processes data by algorithm or fixed step-by-step
procedures. - CORRECT ANSWER-Artificial intelligence
A production environment where a good or service can be
assembled after receipt of a customer's order. - CORRECT ANSWER-Assemble-to-order
A set of technologies that collect data about objects and then
send these data to a computer without human intervention.
Examples include radio frequency wireless devices and
terminals, bar code scanners, and smart cards. - CORRECT ANSWER-Automatic
identification and data
capture system
The on-hand inventory balance minus allocations,