Midterm BSAT 382 EXAM QUESTIONS WITH
CORRECT ANSWERS
agility |- |CORRECT |ANSWER✔✔-The |ability |of |an |organization |to |*respond |quickly |to |demands |
or |opportunities.*
Craft |production |- |CORRECT |ANSWER✔✔-System |in |which |highly |skilled |*workers |use |simple, |
flexible |tools |to |produce |small |quantities* |of |customized |goods.
Division |of |Labor |- |CORRECT |ANSWER✔✔-The |*breaking |up |of |a |production |process |into |small
|tasks*, |so |that |each |worker |performs |a |small |portion |of |the |overall |job.
E-business |- |CORRECT |ANSWER✔✔-The |use |of |*electronic |technology |to |facilitate |business |
transactions*.
E-commerce |- |CORRECT |ANSWER✔✔-Consumer-to-business |transactions.
Ethical |framework |- |CORRECT |ANSWER✔✔-A |sequence |of |steps |intended |to |guide |thinking |
and |subsequent |decision |or |action.
Ethics |- |CORRECT |ANSWER✔✔-A |*standard |of |behavior |that |guides |how |one |should |act |in |
various |situations*.
goods |- |CORRECT |ANSWER✔✔-Physical |items |produced |by |business |organizations.
, Interchangeable |parts |- |CORRECT |ANSWER✔✔-Parts |of |a |*product |made |to |such |precision* |
that |they |do |not |have |to |be |custom |fitted.
Lead |time |- |CORRECT |ANSWER✔✔-The |*time |between |ordering |a |good |or |service |and |
receiving |it*
Lean |systems |- |CORRECT |ANSWER✔✔-System |that |uses |*minimal |amounts |of |resources |to |
produce |a |high |volume |of |high-quality |goods* |with |some |variety.
- |LEAN
Mass |production |- |CORRECT |ANSWER✔✔-System |in |which |*low-skilled |workers |use |
specialized |machinery |to |produce |high |volumes* |of |standardized |goods.
Model |- |CORRECT |ANSWER✔✔-An |abstraction |of |reality; |a |simplified |representation |of |
something.
Operations |management |- |CORRECT |ANSWER✔✔-The |management |of |systems |or |processes |
*that |create |goods |and/or |provide |services*.
Outsourcing |- |CORRECT |ANSWER✔✔-*Buying |goods |or |services |instead |of |producing* |or |
providing |them |in-house.
Pareto |Phenomenon |- |CORRECT |ANSWER✔✔-A |*few |factors |account |for |a |high |percentage |of |
the |occurrence |of |some |event(s)*
process |- |CORRECT |ANSWER✔✔-One |or |more |actions |that |transform |inputs |into |outputs.
services |- |CORRECT |ANSWER✔✔-Activities |that |provide |some |combination |of |*time, |location, |
form, |and |psychological |value.*
CORRECT ANSWERS
agility |- |CORRECT |ANSWER✔✔-The |ability |of |an |organization |to |*respond |quickly |to |demands |
or |opportunities.*
Craft |production |- |CORRECT |ANSWER✔✔-System |in |which |highly |skilled |*workers |use |simple, |
flexible |tools |to |produce |small |quantities* |of |customized |goods.
Division |of |Labor |- |CORRECT |ANSWER✔✔-The |*breaking |up |of |a |production |process |into |small
|tasks*, |so |that |each |worker |performs |a |small |portion |of |the |overall |job.
E-business |- |CORRECT |ANSWER✔✔-The |use |of |*electronic |technology |to |facilitate |business |
transactions*.
E-commerce |- |CORRECT |ANSWER✔✔-Consumer-to-business |transactions.
Ethical |framework |- |CORRECT |ANSWER✔✔-A |sequence |of |steps |intended |to |guide |thinking |
and |subsequent |decision |or |action.
Ethics |- |CORRECT |ANSWER✔✔-A |*standard |of |behavior |that |guides |how |one |should |act |in |
various |situations*.
goods |- |CORRECT |ANSWER✔✔-Physical |items |produced |by |business |organizations.
, Interchangeable |parts |- |CORRECT |ANSWER✔✔-Parts |of |a |*product |made |to |such |precision* |
that |they |do |not |have |to |be |custom |fitted.
Lead |time |- |CORRECT |ANSWER✔✔-The |*time |between |ordering |a |good |or |service |and |
receiving |it*
Lean |systems |- |CORRECT |ANSWER✔✔-System |that |uses |*minimal |amounts |of |resources |to |
produce |a |high |volume |of |high-quality |goods* |with |some |variety.
- |LEAN
Mass |production |- |CORRECT |ANSWER✔✔-System |in |which |*low-skilled |workers |use |
specialized |machinery |to |produce |high |volumes* |of |standardized |goods.
Model |- |CORRECT |ANSWER✔✔-An |abstraction |of |reality; |a |simplified |representation |of |
something.
Operations |management |- |CORRECT |ANSWER✔✔-The |management |of |systems |or |processes |
*that |create |goods |and/or |provide |services*.
Outsourcing |- |CORRECT |ANSWER✔✔-*Buying |goods |or |services |instead |of |producing* |or |
providing |them |in-house.
Pareto |Phenomenon |- |CORRECT |ANSWER✔✔-A |*few |factors |account |for |a |high |percentage |of |
the |occurrence |of |some |event(s)*
process |- |CORRECT |ANSWER✔✔-One |or |more |actions |that |transform |inputs |into |outputs.
services |- |CORRECT |ANSWER✔✔-Activities |that |provide |some |combination |of |*time, |location, |
form, |and |psychological |value.*
