UNIVERSITY OF ALABAMA OM 300 CHILCUTT FINAL

UNIVERSITY OF ALABAMA OM 300 CHILCUTT FINAL

EXAM

DETAILED ANSWERS CORRECT AND VERIFIED

ANSWERS) AGRADE (NEWEST!!)

RATED

The making of goods and services - ANSWER✔✔Production is the ratio of outputs (goods and services) - ANSWER✔✔Productivity indicates the ratio of goods and services produced (outputs) to many or all resources (inputs) - ANSWER✔✔Multifactor productivity the creation of a unique advantage over competitors - ANSWER✔✔Competitive Advantage introduction, growth, maturity, decline - ANSWER✔✔Product Life Cycle transferring a firm's activities that have traditionally been internal to external suppliers - ANSWER✔✔Outsourcing a set of skills, talents, and capabilities that differentiates an organization from it's competition. - ANSWER✔✔Core Competencies the computed longest time path(s) through a network - ANSWER✔✔Critical Path person responsible for coordinating activities of several departments for the completion of a specific project - ANSWER✔✔Project Manager Shortening activity time in a network to reduce time on the critical path so total completion time is reduced. - ANSWER✔✔Crash a project This forecast has a time span of up to 1 year but is generally less than 3 months. It is used for planning purchasing, job

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