Jit management - Study guides, Class notes & Summaries

Business Acumen C201 WGU Accurate 100%Human Interaction & Structure - ANSWER Which two key elements does an effective organization include? It establishes a direct flow of authority - ANSWER Why does a line organization structure function most effectively in a crisis situation? Departmentalization - ANSWER A company might divide itself into smaller groups that best match the types of customers it serves. What is this an example of? Achievement of company goals - ANSWER Which primary dri...

1. Which definition used for quality evaluates how well a product performs its intended function? a. Support services b. Fitness for use c. Value for price paid d. Psychological criteria 2. Which total quality management (TQM) process was developed to stress management’s responsibility for quality? a. Fitness for use b. 14 points for quality improvement c. Product design quality d. Statistical quality control charts 3. Which total quality management (TQM) process consists of 13 publi...

Steps to developing benchmarks - 1. determine what to benchmark 2. form a benchmark team 3. identify benchmarking partners 4. collect and analyze benchmarking information 5. take action to match or exceed the benchmark ISO 9000 - A set of quality standards developed by the International Organization for Standardization (ISO). Focus is to establish quality management procedures through leadership, detailed documentation, work instructions and record keeping. Quality - the ability of a pro...

Certified Paraoptometric (CPO) Exam Study Guide with Complete Solutions Accounts Payable - Correct Answers Outstanding business obligations that are owed to others. Accounts Receivable - Correct Answers Outstanding obligations owed to the business by others. Cash Flow Statement - Correct Answers A picture of all cash inflows and outflows within the business. Gross Profit - Correct Answers The percentage of business income before expenses. Just in Time (JIT) - Correct Answers A strat...

Just in Time (JIT) correct answers A strategy to improve a business return on investment. Return on Investment (ROI) correct answers A measurement of success of a project; the percent of profit earned on an investment. An optometrist is licensed by which governing body: correct answers State The person generally responsible for grinding or duplicating lenses is the: correct answers Optician A doctor of medicine specializing in surgery is an: correct answers Ophthalmologist Ophthal...

Accounts Payable - ANSWER Outstanding business obligations that are owed to others. Accounts Receivable - ANSWER Outstanding obligations owed to the business by others. Cash Flow Statement - ANSWER A picture of all cash inflows and outflows within the business. Gross Profit - ANSWER The percentage of business income before expenses. Just in Time (JIT) - ANSWER A strategy to improve a business return on investment. Net Income/Profit - ANSWER Revenues minus expenses. Net Worth - ...

1st Generation ERP - Enterprise Resource Planning. - These were interface software's that managed routine activities These were also designed for internal purposes only, not to support supply chain 2nd Generation ERP - Enterprise Resource Planning. - These were designed to help with the decision-making processes necessary to manage company supply chains. Basically, answering the question of whether to do business with a supplier or customer with the ERP software answering the question of ...

Certified Paraoptometric (CPO) Exam Questions And Answers Accounts Payable - ANS Outstanding business obligations that are owed to others. Accounts Receivable - ANS Outstanding obligations owed to the business by others. Cash Flow Statement - ANS A picture of all cash inflows and outflows within the business. Gross Profit - ANS The percentage of business income before expenses. Just in Time (JIT) - ANS A strategy to improve a business return on investment. Net I...

WGU C720 OA LATEST EXAM REAL EXAM 200 QUESTIONS AND CORRECT VERIFIED ANSWERS A new, energy-efficient furnace is being installed in a steel factory. Because it would have added 10% to the cost of the furnace, management has decided not to install the optional safety override for the furnace. This decision is most likely to lead to which of the following? - ANSWER- An increase in legal costs Refers to the organizational issue of balancing financial profitability with environmental responsi...

In which generation were silicon chips first used in computers? - Third Generation Which low-level language corresponds one-to-one with assembly? - Machine Language What is a cloud model that delivers third-party software such as email or games through the internet? - Saas What is one of IT's roles in globalization? A. It provides support for JIT manufacturing. B. It allows companies to achieve ISO 9001:2008 certification. C. It provides tax havens for companies. D. It allows companies t...