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MSIS 3223 Test 1 Questions and Answers 100% Accurate $12.99   Add to cart

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MSIS 3223 Test 1 Questions and Answers 100% Accurate

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MSIS 3223 Test 1 Questions and Answers 100% AccurateMSIS 3223 Test 1 Questions and Answers 100% AccurateMSIS 3223 Test 1 Questions and Answers 100% AccurateMSIS 3223 Test 1 Questions and Answers 100% Accurate Operations management - ANSWER-- The management of processes or systems that create goods...

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  • October 29, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223
  • MSIS 3223
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MSIS 3223 Test 1 Questions and
Answers 100% Accurate
Operations management - ANSWER-- The management of processes or systems that
create goods and/or provide services.
- inputs transformed into outputs (goods or services)
- plays role in supply chain
- works with marketing and finance

It creates _____ - ANSWER-VALUE added
- research and investment, salaries, creating profits

Classifications on Productive Systems - ANSWER-1. Degree of Standardization (highly
standardized or highly customized)
2. Type of Operation (project, repetitive)
3. Tangible good or Intangible act

Key functions on the supply side are: - ANSWER-- operations and supply chains

Key functions on the demand side: - ANSWER-- sales and marketing

Too little supply leads to... - ANSWER-- lost opportunity and customer dissatisfaction

Three basic functional areas of organization: - ANSWER-1. Finance
2. Marketing
3. Operation
Need support and input from all areas for Operation to produce goods and services

Operations and Supply Chains are.... - ANSWER-- intrinsically linked and no business
organization could exist without both


How many percent of jobs involve Operations Management? - ANSWER-50%

Eli Whitney came up with the concept of... - ANSWER-- interchangeable parts

Adam Smith came up with the concept of... - ANSWER-- division of labor

Feedback in the transformation process is defined as: - ANSWER-- measurements
taken at various points in the transformation process
- compared with previously established standards to determine whether corrective
action is needed (control)

, Control: - ANSWER-- The comparison of feedback against previously established
standards to determine if corrective action is needed within the transformation process

Value-Added equation - ANSWER-- Value or Price of Outputs - Cost of Inputs.

In Nonprofits, the value of outputs is their ________ - ANSWER-- value to society

Dates of Scientific Management: - ANSWER-- (1875-1925)

Scientific Management's Key events: - ANSWER-- "Systematic Planning"
- "Control Systems"
- "Scientific or Analytical Investigation"
- "Standards as Benchmarks"

Money from Value-Added is used for things like _____, _____, _____, ______ -
ANSWER-- R&D, Investments, salaries, and profit.

Watt came up with the concept of... - ANSWER-- new power sources (The steam
engine)

What are the Post Civil War dates? - ANSWER-- (1865-1900)

Events of Post Civil War - ANSWER-- Mass exodus of farm laborers-labor pool
- Modern capital formation-joint stock co.
- Entrepreneurial ideas-Morgan,etc.
- Rapid expansion of West-railroad
----Great Productive Explosion----

Scientific Management's Key People: - ANSWER-F.W. Taylor--efficiency and
productivity
F. Gilbreth--motion studies
L. Gilbreth--fatigue studies (cheaper by the dozen)
H. Gantt--scheduling charts
H. Ford--auto assembly

Systematic Planning - ANSWER-

Control Systems - ANSWER-

Scientific or Analytical Investigation - ANSWER-

Just-in-time manufacturing - ANSWER-

Lean production tools - ANSWER-

TQM - ANSWER-

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