MGMT 1 FINAL UCI EXAM QUESTIONS AND
CORRECT ANSWERS
The U.S. economy is dominated by the - answer Service Sector
production management - answer how to use resources to produce goods
(manufacturing)
Operations Management - answer how to use resources to produce goods and provide
services
GOAL: satisfy customers
Form Utility - answer the value producers add to materials in the creation of finished
goods and services
Process Manufacturing - answer that part of the production process that physically or
chemically changes materials
Assembly Process - answer that part of the production process that puts together
components
continuous process - answer a production process in which long production runs turn
out finished goods over time
intermittent process - answer a production process in which the production run is short
and the machines are changed frequently to make different products
computer-aided design (CAD) - answer the use of computers in the design of products
computer-aided manufacturing (CAM) - answer the use of computers in the
manufacturing of products
computer-integrated manufacturing (CIM) - answer The uniting of computer-aided
design with computer-aided manufacturing.
flexible manufacturing - answer designing machines to do multiple tasks so that they
can produce a variety of products
lean manufacturing - answer the production of goods using less of everything compared
to mass production.
- Less workers
- less resources
- decrease in defects
, - lower inventory
mass production - answer Process of making large quantities of a limited number of
products quickly and cheaply
mass customization - answer The ability of an organization to tailor its products or
services to the customers' specifications
Advantages of Robots in Manufacturing - answer - Ideal for repetitive tasks that require
precision. - Can perform hazardous tasks.
- Do not tire or suffer from lack of concentration. - - Cost effective as can operate 24/7.
Important factors for location - answer - availability of qualified labor force
- transportation
- quality of life
- infrastructure
Technological impacts on location - answer - workforce can telecommute
- lessens significance of facility location
- internet makes it possible for companies to collaborate easier
facility layout - answer the physical arrangement of resources (including people) in the
production process
Materials Requirement Planning (MRP) - answer getting necessary material and
resources in the quantity when needed
Enterprise Resource Planning (ERP) - answer Enterprise wide database and software
system that integrates all business functions
- leading ERP system: SAP
Purchasing - answer the function in a firm that searches for high-quality material
resources, finds the best suppliers, and negotiates the best price for goods and
services
Inventory - answer - finished or semi-finished products
- raw materials and components
- tradeoff between storing cost and shortage cost
Just-In-Time Inventory Control - answer - holds inventory to a minimum
- relies on close relationship with suppliers
CORRECT ANSWERS
The U.S. economy is dominated by the - answer Service Sector
production management - answer how to use resources to produce goods
(manufacturing)
Operations Management - answer how to use resources to produce goods and provide
services
GOAL: satisfy customers
Form Utility - answer the value producers add to materials in the creation of finished
goods and services
Process Manufacturing - answer that part of the production process that physically or
chemically changes materials
Assembly Process - answer that part of the production process that puts together
components
continuous process - answer a production process in which long production runs turn
out finished goods over time
intermittent process - answer a production process in which the production run is short
and the machines are changed frequently to make different products
computer-aided design (CAD) - answer the use of computers in the design of products
computer-aided manufacturing (CAM) - answer the use of computers in the
manufacturing of products
computer-integrated manufacturing (CIM) - answer The uniting of computer-aided
design with computer-aided manufacturing.
flexible manufacturing - answer designing machines to do multiple tasks so that they
can produce a variety of products
lean manufacturing - answer the production of goods using less of everything compared
to mass production.
- Less workers
- less resources
- decrease in defects
, - lower inventory
mass production - answer Process of making large quantities of a limited number of
products quickly and cheaply
mass customization - answer The ability of an organization to tailor its products or
services to the customers' specifications
Advantages of Robots in Manufacturing - answer - Ideal for repetitive tasks that require
precision. - Can perform hazardous tasks.
- Do not tire or suffer from lack of concentration. - - Cost effective as can operate 24/7.
Important factors for location - answer - availability of qualified labor force
- transportation
- quality of life
- infrastructure
Technological impacts on location - answer - workforce can telecommute
- lessens significance of facility location
- internet makes it possible for companies to collaborate easier
facility layout - answer the physical arrangement of resources (including people) in the
production process
Materials Requirement Planning (MRP) - answer getting necessary material and
resources in the quantity when needed
Enterprise Resource Planning (ERP) - answer Enterprise wide database and software
system that integrates all business functions
- leading ERP system: SAP
Purchasing - answer the function in a firm that searches for high-quality material
resources, finds the best suppliers, and negotiates the best price for goods and
services
Inventory - answer - finished or semi-finished products
- raw materials and components
- tradeoff between storing cost and shortage cost
Just-In-Time Inventory Control - answer - holds inventory to a minimum
- relies on close relationship with suppliers
