Wgu c201 chapter 10 - Study guides, Class notes & Summaries

WGU C201 Business Acumen Chapter 10: Operations and Quality Management, Questions and answers, rated A+ Production - -Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - -Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. In wh...

WGU C201 Business Acumen Chapter 15 & 16: Accounting and Financial Statements - RatiosCurrent assets / current liabilities - correct answer Current Ratio Current assets - minus inventory / current liabilities - correct answer Acid Test (Quick) Ratio Current assets $250 Inventory $20 Current Liabilities $100 250-20=230 230/100=2.2 $2.20 assets for every $1 in liabilities Acid Test (Quick) Ratio and Current Ratio - correct answer Liquidity Ratios Inventory Turnover, Receivabl...

WGU C201 Business Acumen - Chapter 10. Full exam Review, Easy to master/ assembly line - -a series of workers and machines in a factory by which a succession of identical items is progressively assembled. benchmarking - -assessing how well other companies perform business functions or tasks. In other words, benchmarking is the process of determining other firms' standards and best practices. computer-aided design (CAD) - -allows engineers to design products and test prototypes on com...

WGU C201 Business Acumen Chapter 15 Question and answers 100% correct 2024 Current assets / current liabilities - correct answer Current Ratio Current assets - minus inventory / current liabilities - correct answer Acid Test (Quick) Ratio Current assets $250 Inventory $20 Current Liabilities $100 250-20=230 230/100=2.2 $2.20 assets for every $1 in liabilities Acid Test (Quick) Ratio and Current Ratio - correct answer Liquidity Ratios Inventory Turnover, Receivables Turnover...

WGU C201 Business Acumen - Chapter 10assembly line - correct answer a series of workers and machines in a factory by which a succession of identical items is progressively assembled. benchmarking - correct answer assessing how well other companies perform business functions or tasks. In other words, benchmarking is the process of determining other firms' standards and best practices. computer-aided design (CAD) - correct answer allows engineers to design products and test prototypes...

WGU C201 Chapter 10 Vocab Already Passed computer-aided design (CAD) Designers can use computers to create and modify a part or product before producing an actual prototype using __________. mass production The industrial development of the United States involved the manufacture of large quantities of standardized goods using specialized labor and mechanization in an approach known as _____________. computer-integrated manufacturing (CIM) The use of computers to design products, control machin...

Production - -Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - -Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. In what ways does production create value for the company and its customers? - -Can lower production costs. Improve ...

WGU C201 Chapter 10, Exam Questions and answers, 100% Accurate, VERIFIED.

Production - ANSWER Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - ANSWER Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. In what ways does production create value for the company and its customers? - ANSWER Can lower produc...