C201 BUSINESS ACUMEN TEST WITH
COMPLETE SOLUTIONS
Supervisory Management CORRECT ANSWERS - Implement the plans developed by
middle managers
- Responsible for non-manager employees
- Motivate workers to accomplish daily, weekly, and monthly goals
TOP MANAGEMENT CORRECT ANSWERS develop long range strategic plans for the
organization; inspire executives and employees to achieve their vision for the
company's future
MIDDLE MANAGEMENT CORRECT ANSWERS FOCUS ON SPECIFIC
OPERATIONS, PRODUCTS OR CUSTOMER GROUPS WITHIN AN ORGANIZATION.
Four Managerial Functions CORRECT ANSWERS planning, organizing, leading,
controlling
Organizing CORRECT ANSWERS process of blending human and material resources
through a formal structure of tasks and authority; arranging work, dividing tasks among
employees, and coordinating them to ensure implementation of plans and
accomplishment of objectives
PRODUCTION CORRECT ANSWERS use of resources, such as workers and
machinery, to convert materials into finished goods and services
production and operations management CORRECT ANSWERS oversee the production
process by managing people and machinery in converting materials and resources into
finished goods and services
EFFECTIVE PRODUCTION AND OPERATIONS MANAGEMENT CAN CORRECT
ANSWERS LOWER FIRMS COST OF PRODUCTION
BOOST QUALITY OF GOODS AND SERVICES
ALLOW IT TO RESPOND DEPENDABLY TO CUSTOMER DEMAND
ENABLE IT TO RENEW ITSELF
MASS PRODUCTION CORRECT ANSWERS a system for manufacturing products in
large quantities through effective combinations of employees, with specialized skills,
mechanization, and standardization
DISADVANTAGE OF MASS PRODUCTION CORRECT ANSWERS LARGE
INVENTORIES
, FLEXIBLE PRODUCTION CORRECT ANSWERS more cost-effective for producing
smaller batches using information technology, communication, and cooperation
Customer-Driven Production CORRECT ANSWERS evaluates customer demands in
order to make the connection between products manufactured and products bought
analytic production system CORRECT ANSWERS TAKING A SINGLE INPUT AND
TURNNG IT INTO MANY OUTPUTS
synthetic production system CORRECT ANSWERS IT TAKES MANY DIFFERENT
INPUTS TO CREATE A SINGLE OUTPUT
CONTINUOUS PRODUCTION PROCESS CORRECT ANSWERS A production
process that turns out products without stopping AN INTERUTION CAN CREATE A
CATASTROPHIC FAILURE
INTERMITTENT PRODUCTION CORRECT ANSWERS process uses the customer's
orders to produce goods. The process is not continuous.
PRODUCTION PROCESSES CORRECT ANSWERS Analytic, Synthetic, Continuous,
and intermittent
Microeconomics CORRECT ANSWERS THE STUDY OF SMALL ECONOMIC UNITS
SUCH AS CONSUMERS, FAMILIES AND BUSINESSES
SUPPLY CORRECT ANSWERS the amount of goods and services available for sale
demand CORRECT ANSWERS the willingness and ability of buyers to purchase a good
or service
Factors in choosing production facility location CORRECT ANSWERS Transportation,
physical and human factors
Production Manager CORRECT ANSWERS Oversees the work of the people and
machinery to convert inputs into finished goods and services
Fixed position Layout CORRECT ANSWERS places product in one spot and workers,
materials and equipment come to it.
process layout CORRECT ANSWERS groups machinery and equipment according to
their functions. Facilitates production of a number of nonstandard items in relatively
small batches
product layout CORRECT ANSWERS sets up production equipment along a product-
flow line, and the work in process moves along this line past workstations. Efficiently
produces large numbers of similar items
COMPLETE SOLUTIONS
Supervisory Management CORRECT ANSWERS - Implement the plans developed by
middle managers
- Responsible for non-manager employees
- Motivate workers to accomplish daily, weekly, and monthly goals
TOP MANAGEMENT CORRECT ANSWERS develop long range strategic plans for the
organization; inspire executives and employees to achieve their vision for the
company's future
MIDDLE MANAGEMENT CORRECT ANSWERS FOCUS ON SPECIFIC
OPERATIONS, PRODUCTS OR CUSTOMER GROUPS WITHIN AN ORGANIZATION.
Four Managerial Functions CORRECT ANSWERS planning, organizing, leading,
controlling
Organizing CORRECT ANSWERS process of blending human and material resources
through a formal structure of tasks and authority; arranging work, dividing tasks among
employees, and coordinating them to ensure implementation of plans and
accomplishment of objectives
PRODUCTION CORRECT ANSWERS use of resources, such as workers and
machinery, to convert materials into finished goods and services
production and operations management CORRECT ANSWERS oversee the production
process by managing people and machinery in converting materials and resources into
finished goods and services
EFFECTIVE PRODUCTION AND OPERATIONS MANAGEMENT CAN CORRECT
ANSWERS LOWER FIRMS COST OF PRODUCTION
BOOST QUALITY OF GOODS AND SERVICES
ALLOW IT TO RESPOND DEPENDABLY TO CUSTOMER DEMAND
ENABLE IT TO RENEW ITSELF
MASS PRODUCTION CORRECT ANSWERS a system for manufacturing products in
large quantities through effective combinations of employees, with specialized skills,
mechanization, and standardization
DISADVANTAGE OF MASS PRODUCTION CORRECT ANSWERS LARGE
INVENTORIES
, FLEXIBLE PRODUCTION CORRECT ANSWERS more cost-effective for producing
smaller batches using information technology, communication, and cooperation
Customer-Driven Production CORRECT ANSWERS evaluates customer demands in
order to make the connection between products manufactured and products bought
analytic production system CORRECT ANSWERS TAKING A SINGLE INPUT AND
TURNNG IT INTO MANY OUTPUTS
synthetic production system CORRECT ANSWERS IT TAKES MANY DIFFERENT
INPUTS TO CREATE A SINGLE OUTPUT
CONTINUOUS PRODUCTION PROCESS CORRECT ANSWERS A production
process that turns out products without stopping AN INTERUTION CAN CREATE A
CATASTROPHIC FAILURE
INTERMITTENT PRODUCTION CORRECT ANSWERS process uses the customer's
orders to produce goods. The process is not continuous.
PRODUCTION PROCESSES CORRECT ANSWERS Analytic, Synthetic, Continuous,
and intermittent
Microeconomics CORRECT ANSWERS THE STUDY OF SMALL ECONOMIC UNITS
SUCH AS CONSUMERS, FAMILIES AND BUSINESSES
SUPPLY CORRECT ANSWERS the amount of goods and services available for sale
demand CORRECT ANSWERS the willingness and ability of buyers to purchase a good
or service
Factors in choosing production facility location CORRECT ANSWERS Transportation,
physical and human factors
Production Manager CORRECT ANSWERS Oversees the work of the people and
machinery to convert inputs into finished goods and services
Fixed position Layout CORRECT ANSWERS places product in one spot and workers,
materials and equipment come to it.
process layout CORRECT ANSWERS groups machinery and equipment according to
their functions. Facilitates production of a number of nonstandard items in relatively
small batches
product layout CORRECT ANSWERS sets up production equipment along a product-
flow line, and the work in process moves along this line past workstations. Efficiently
produces large numbers of similar items
