WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT (Latest Update )
ACCURATE AND WELL DETAILED
QUESTIONS AND ANSWER
written explanation of an organization's business intentions and aims - correct answer
Mission Statement
guideposts by which managers define the organization's desired performance in such
areas as new-product development, sales, customer service, growth, environmental
and social responsibility, and employee satisfaction - correct answer Objectives
structured group of people working together to achieve common goals - correct
answer Organization
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 - correct answer
Organizing
,process of anticipating future events and conditions and determining courses of action
for achieving organizational objectives - correct answer Planning
SWOT is an acronym for strengths, weaknesses, opportunities, and threats. By
systematically evaluating all four of these factors, a firm can then develop the best
strategies for gaining a competitive advantage. - correct answer SWOT Analysis
the ability to perceive marketplace needs and what an organization must do to satisfy
them - correct answer Vision
etching of plastic layers into different shapes by laying down successive layers of
material to form a 3D solid object - correct answer 3D Printing
process of determining how well other companies perform business functions or tasks
- correct answer Benchmarking
,process that allows engineers to design components as well as entire products on
computer screens faster and with fewer mistakes than they could achieve working
with traditional drafting systems - correct answer computer-aided design (CAD)
computer tools to analyze CAD output and enable a manufacturer to analyze the steps
that a machine must take to produce a needed product or part - correct answer
computer-aided manufacturing (CAM)
production system in which computers help workers design products, control
machines, handle materials, and control the production function in an integrated
fashion - correct answer computer-integrated manufacturing (CIM)
production facility that workers can quickly modify to manufacture different products -
correct answer Flexible Manufacturing System (FMS)
Organization whose mission is to develop and promote international standards for
business, government, and society to facilitate global trade and cooperation - correct
answer International Organization for Standardization (ISO)
, function requiring production and operations managers to balance the need to keep
stock on hand to meet demand against the costs of carrying inventory - correct
answer Inventory Control
broad management philosophy that reaches beyond the narrow activity of inventory
control to influence the entire system of production and operations management -
correct answer Just-in-time (JIT) system
Voluntary certification program administered by the US Green Building Council, aimed
at promoting the most sustainable construction processes available - correct answer
LEED (Leadership in Energy and Environmental Design)
choosing whether to manufacture a needed product or component in-house, purchase
it from an outside supplier, or lease it. - correct answer make, buy, or lease decision
ASSESSMENT (Latest Update )
ACCURATE AND WELL DETAILED
QUESTIONS AND ANSWER
written explanation of an organization's business intentions and aims - correct answer
Mission Statement
guideposts by which managers define the organization's desired performance in such
areas as new-product development, sales, customer service, growth, environmental
and social responsibility, and employee satisfaction - correct answer Objectives
structured group of people working together to achieve common goals - correct
answer Organization
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 - correct answer
Organizing
,process of anticipating future events and conditions and determining courses of action
for achieving organizational objectives - correct answer Planning
SWOT is an acronym for strengths, weaknesses, opportunities, and threats. By
systematically evaluating all four of these factors, a firm can then develop the best
strategies for gaining a competitive advantage. - correct answer SWOT Analysis
the ability to perceive marketplace needs and what an organization must do to satisfy
them - correct answer Vision
etching of plastic layers into different shapes by laying down successive layers of
material to form a 3D solid object - correct answer 3D Printing
process of determining how well other companies perform business functions or tasks
- correct answer Benchmarking
,process that allows engineers to design components as well as entire products on
computer screens faster and with fewer mistakes than they could achieve working
with traditional drafting systems - correct answer computer-aided design (CAD)
computer tools to analyze CAD output and enable a manufacturer to analyze the steps
that a machine must take to produce a needed product or part - correct answer
computer-aided manufacturing (CAM)
production system in which computers help workers design products, control
machines, handle materials, and control the production function in an integrated
fashion - correct answer computer-integrated manufacturing (CIM)
production facility that workers can quickly modify to manufacture different products -
correct answer Flexible Manufacturing System (FMS)
Organization whose mission is to develop and promote international standards for
business, government, and society to facilitate global trade and cooperation - correct
answer International Organization for Standardization (ISO)
, function requiring production and operations managers to balance the need to keep
stock on hand to meet demand against the costs of carrying inventory - correct
answer Inventory Control
broad management philosophy that reaches beyond the narrow activity of inventory
control to influence the entire system of production and operations management -
correct answer Just-in-time (JIT) system
Voluntary certification program administered by the US Green Building Council, aimed
at promoting the most sustainable construction processes available - correct answer
LEED (Leadership in Energy and Environmental Design)
choosing whether to manufacture a needed product or component in-house, purchase
it from an outside supplier, or lease it. - correct answer make, buy, or lease decision
