BUSOBA 3230 Exam 1 Latest Update -

BUSOBA 3230 Exam 1 Latest Update - Actual Exam 175 Questions with 100% Verified Correct Answers Guaranteed A+ Verified by Professor

"Operations" refers to - CORRECT ANSWER: manufacturing and service processes used to transform resources employed by a firm into products desired by customers

a standard approach to choosing among alternative processes or equipment is -

CORRECT ANSWER: break-even analysis

assemble-to-order firms - CORRECT ANSWER: those that combine a number of

preassembled modules to meet a customer's specifications

assembly line - CORRECT ANSWER: where work processes are arranged according to

the progressive steps by which the product is made

break-even analysis - CORRECT ANSWER: a technique that analyzes the relationship between total revenue and total cost to determine profitability at various levels of output

business analytics - CORRECT ANSWER: involves the analysis of data to better solve business problems

Business Process Reengineering - CORRECT ANSWER: seeks to make revolutionary

changes as opposed to evolutionary changes

capacity - CORRECT ANSWER: the output that a system is capable of achieving over a period of time

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capacity cushion - CORRECT ANSWER: capacity in excess of expected demand

capacity flexibility - CORRECT ANSWER: having the ability to rapidly increase or decrease production levels, or to shift production capacity quickly from one product or service to another

capacity focus - CORRECT ANSWER: the idea that a production facility works best

when it is concentrated on a limited set of production objectives

capacity utilization - CORRECT ANSWER: the measure of how much of the available

capacity is being used

capacity utilization rate - CORRECT ANSWER: Measure of how close the firm's current output rate is to its best operating level (percent).

Competitive Dimensions (Priorities) - CORRECT ANSWER: cost/price, quality, delivery speed, delivery reliability, coping with changes in demand, flexibility and new product introduction speed, support for products

considerations in changing capacity - CORRECT ANSWER: Maintaining System

Balance Frequency of Capacity Additions External Sources of Capacity Decreasing Capacity

continuous process - CORRECT ANSWER: a process that converts raw materials into

finished product in one contiguous process

Current Issues in OSCM - CORRECT ANSWER: 1. uncertainty in global tariffs and

regulations 2 / 3

• difficulty in hiring and keeping employees
• adapting to change in business technology and infrastructure

customer order decoupling point - CORRECT ANSWER: determines where inventory is

positioned to allow processes or entities in the supply chain to operate independently

customer-contact matrix - CORRECT ANSWER: variety and volume

high variety, low volume = front office middle of both = hybrid low variety, high volume = back office

diseconomies of scale might surface in different ways - CORRECT ANSWER: -

maintaining demand required to keep facility busy may require significant discounting of the product

• using a few large-capacity pieces of equipment; minimizing downtime is essential

economies of scale - CORRECT ANSWER: Idea that as the plant gets larger and

volume increases, the average cost per unit drops. At some point, the plant gets too large and cost per unit increases.

economies of scope - CORRECT ANSWER: when multiple products can be produced at

lower cost in combination than they can be separately

effectiveness - CORRECT ANSWER: doing the right things to create the most value for the company

efficiency - CORRECT ANSWER: doing something at the lowest possible cost

electronic commerce - CORRECT ANSWER: refers to the use of the internet as an

essential element of business activity

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