COB 300 OPERATIONS CHP 4 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

COB 300 OPERATIONS CHP 4 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Process - Answer -Any set of activities performed by an organization that takes inputs and transforms them into outputs ideally of greater value to the organization than the original inputs. The output of many processes are services.Converts investment in resources to value for which customers pay. A good process: Adds value, keep costs as low as possible Process: Basic performance Measures - Answer -Cycle time: average time between completions of successive units. Determined by bottleneck. Determined by bottleneck!Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: Utilization: The ratio of the time that a resource is actually used/activated relative to the time that it is available for use. Flowcharting - Answer -Use a diagram to present the major elements of a process. An ideal methodology to be used to being analyzing a process. Drawing a picture is always the first step in analyzing a process, a diagram showing the basic eleme