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OM 300 Test 3 Chilcutt – Questions & Verified Answers
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OM 300 Test 3 Chilcutt – Questions & Verified Answers
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OM 300 Test 3 Chilcutt – Questions & Verified AnswersTangible costs Right Ans - cost that are readily identifiable and precisely
measured. labor, material, taxes, and depreciation.
Intangible costs Right Ans - quality of education, public transportation
facilities, community attitudes toward the industry, and quality and attitude of
prospective employees.
Clustering Right Ans - locating somewhere near your your competitors and
near reseources for your business.
Factor Rating Method Right Ans - A procedure or technique to evaluate
multiple alternatives based on a number of selected factors. A location method
that instills objectivity into the process of identifying hard-to-evaluate costs
location cost-volume analysis Right Ans - Technique for making an
economic commission of location alternatives by identifying fixed and
variable cost.
center of gravity method Right Ans - mathematical equation for finding the
location of a distribution center that will minimize distribution cost
transportation model Right Ans - process to determine the best pattern for
shipments from several points of supply to demand destinations to minimize
total production and transportation costs.
Geographic Information System (GIS) Right Ans - Stores, accesses, displays,
and links demographic information to a geographical location.
labor planning Right Ans - determines staffing policies that deal with
employment stability, work schedules, and work rules.
job design Right Ans - specifies the tasks that constitutes a job for an
individual or a group.
labor specialization Right Ans - Division of labor that assist in reducing
labor costs of multi skilled artisans
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