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University of Alabama, OM 300, Chilcutt Final Questions with
100% Complete Answers UPDATED!!!
Production - ANSWER the creation of goods and services
Productivity - ANSWER ratio of outputs (goods and services)
divided by one or more inputs (such as labor, capital, or
management.)
Multifactor productivity - ANSWER indicates the ratio of goods
and services produced (outputs) to many or all resources
(inputs)
Mission - ANSWER the purpose or rationale for an
organization's existence
Strategy - ANSWER how an organization expects to achieve its
missions and goals
Competitive advantage - ANSWER the creation of a unique
advantage over competitors
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Product Life Cycle Management - ANSWER software programs
that tie together many phases of product design and
manufacture
Critical Path - ANSWER the computed longest time path(s)
through a network
Project Manager - ANSWER coordinate activities w/ other
departments and reports directly to top management
Project Manager Responsibilities - ANSWER responsible for
ensuring:
1) all necessary activities are finished in proper sequence and
on time
2) project stays within budget
3) project meets quality goals
4) people assigned to project receive motivation, direction, and
info needed to do their jobs
University of Alabama, OM 300, Chilcutt Final Questions with
100% Complete Answers UPDATED!!!
Production - ANSWER the creation of goods and services
Productivity - ANSWER ratio of outputs (goods and services)
divided by one or more inputs (such as labor, capital, or
management.)
Multifactor productivity - ANSWER indicates the ratio of goods
and services produced (outputs) to many or all resources
(inputs)
Mission - ANSWER the purpose or rationale for an
organization's existence
Strategy - ANSWER how an organization expects to achieve its
missions and goals
Competitive advantage - ANSWER the creation of a unique
advantage over competitors
, 2|Page
Product Life Cycle Management - ANSWER software programs
that tie together many phases of product design and
manufacture
Critical Path - ANSWER the computed longest time path(s)
through a network
Project Manager - ANSWER coordinate activities w/ other
departments and reports directly to top management
Project Manager Responsibilities - ANSWER responsible for
ensuring:
1) all necessary activities are finished in proper sequence and
on time
2) project stays within budget
3) project meets quality goals
4) people assigned to project receive motivation, direction, and
info needed to do their jobs
