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MGSC 395 Exam 1, MGSC 395 Final Exam, MGSC 395 - Exam 1 - Branner, MGSC 395 Exam 2, MGSC 395 Exam 1, MGSC 395 Exam 1 Questions, MGSC 395 Exam 3, MGSC 395 Exam 1 Questions & Answers, MGSC 395 Exam 1 Questions & Answers, MGSC 395 Exam 1 Correct 100%, MGSC 395 EXAM 3, MGSC 395 Exam 2 Practice Test

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MGSC 395 Exam 1 Questions With Verified Answers

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Operations management - Answer The systematic design, direction, and control of processes that transforms inputs into serves and products for internal, as well as external, customers Process - Answer any activity or group of activities that takes one or more inputs, transforms them, and provides ...

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MGSC 395 Final Exam Questions With Correct Answers

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inventory management - Answer the planning and controlling of inventories in order to meet the competitive priorities of the organization inventory - Answer a stock of materials used to satisfy customer demand or to support the production of services or goods pressures for small inventories - ...

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MGSC 395 - Exam 1 - Branner Questions With Correct Answers

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Operations Management - Answer The systematic design, direction, and control of processes. Process - Answer any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs. Operation - Answer a group of resources performing all or part of on...

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MGSC 395 Exam 2 Questions With Verified Answers

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Capacity - Answer The max rate of output of a process or system What do long-term capacity plans involve? - Answer Investments in new facilities and equip at the organizational level, and require top mgmt participation and approval bc they are not easily reversed When choosing a capacity strat...

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MGSC 395 Exam 1 Timothy Fry Questions With Verified Answers

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Break Even Analysis - Answer Analysis to compare processes by finding the volume at which two different processes have equal total costs. pQ = F + cQ Break Even Quantity - Answer The volume at which total revenues equal total costs. Variables for Break Even - Answer Variable cost (c) The por...

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MGSC 395 Exam 1 Questions & Answers Correct 100%

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The three mainline functions of any business are A .operations, marketing, and finance. B. operations, marketing, and information technology. C. operations, marketing, and management. D.​ operations, accounting, and management. - Answer A .operations, marketing, and finance. Regardless of...

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MGSC 395 Exam 3 Questions With Correct Answers

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forecast - Answer a prediction of future events used for planning purposes time series - Answer the repeated observations of demand for a service or product in their order of occurrence time series pattern: horizontal - Answer nearly flat over time time series pattern: trend - Answer consis...

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MGSC 395 Exam 1 Questions & Answers Slved 100%

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Finance - Answer Acquires financial resources and capital for inputs Marketing - Answer Generates sales of outputs Operations - Answer Translates materials and services into outputs Process - Answer Any activity or group of activities that takes one or more inputs, transforms them, and prov...

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MGSC 395 Exam 1 Questions & Answers Latest Updated

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Global Supply Chain and Operations Management - Answer -designing products and services -designing, implementing, and improving processes -Create and provide these products and services to customers when they want, at prices they will buy, and at quality they expect.... all while making profits lo...

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MGSC 395 Exam 1 Correct 100%

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5 functions of a manager (Fayol) - Answer plan organize staff lead control An operations manager is in charge of - Answer the systematic design, direction, and control of processes that transform inputs into services and products for internal, as well as external customers operations ma...

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MGSC 395 EXAM 3 Questions With Verified Answers

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For what organizational decisions are demand forecasts used? - Answer -long term(general forecast) -intermediate term(product family/service lines) -short term(detailed) What are the costs/risks of forecasts that are too high or too low? - Answer Too high: -surplus of inventory -price markd...

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MGSC 395 Exam 2 Practice Test Questions & Answers Solved 100%

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Bottlenecks exist in which type of manufacturing​ processes? - Answer job process, batch process, line process What is the name of the product mix decision method that takes advantage of the principles outlined in the theory of​ constraints? - Answer the traditional method The theory of co...

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