OM 300 Exam 4 questions with answers

OM 300 Exam 4 questions with
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answers


The 3 primary business functions? - CORRECT ANSWERS
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✔✔marketing, operations, finance |\ |\




Supply Chain - CORRECT ANSWERS ✔✔A global network of
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organizations and activities that supply a firm with goods and |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


services


The objective of supply chain mgmt.? - CORRECT ANSWERS ✔✔to
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build a chain of suppliers that focuses on maximizing value to
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the ultimate customer
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Productivity - CORRECT ANSWERS ✔✔the ratio of output (good
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and services) divided by the inputs (resources such as labor and
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capital)


what are the critical variables in enhancing productivity? -
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CORRECT ANSWERS ✔✔labor, capital, management
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what are the variables for labor productivity? - CORRECT
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ANSWERS ✔✔base education, diet, social overhead
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mission - CORRECT ANSWERS ✔✔tells an organization where it is
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going

, strategy - CORRECT ANSWERS ✔✔tells the organization how to
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get there |\




outsourcing - CORRECT ANSWERS ✔✔transferring a firm's |\ |\ |\ |\ |\ |\ |\


activities that have traditionally been internal to external
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suppliers


What are the 4 phases of the product life cycle? - CORRECT
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ANSWERS ✔✔introductory, growth, maturity, decline
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critical path - CORRECT ANSWERS ✔✔the longest path through
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the network
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Forward Pass - CORRECT ANSWERS ✔✔a process that identifies
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all the early start and early finish times
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Backward Pass - CORRECT ANSWERS ✔✔a process that identifies
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all the late start and late finish times
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Slack Time - CORRECT ANSWERS ✔✔free time for an activity
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Process Chain Network (PCN) Analysis - CORRECT ANSWERS ✔✔a
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design process to determine the best level of interaction
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between firms and their customers |\ |\ |\ |\