QUESTIONS WITH ANSWERS GRADED A+
◍ Agile.
Answer: The use of responsiveness, competency, flexibility, and quickness
to manage how well a supply chain entity operates on a daily basis. Suitable
for innovative products like cell phones and computers.Focus: Speed and
flexibility. For products with short lifespan and unpredictable demand.
◍ Cause-and-effect diagrams or fishbone diagrams or Ishikawa diagrams.
Answer: Show the impact of various inputs into the result of a process. They
help organizations isolate the root causes of problems such as bottlenecks in
their processes.
◍ Total Quality Management (TQM).
Answer: Pertains to: focus on the customer, quality function deployment,
responsibility for quality, team problem solving, employee training,
fact-based management.
◍ Throughput.
Answer: The maximum rate of output possible
◍ Vulnerabilities.
Answer: weakness in the technology, process, and procedure, or people
involved with any given information asset
◍ Dumb Terminal/Thin Client.
Answer: A terminal that depends on the host computer for its processing
power
◍ Aesthetics.
Answer: How a product looks, feels, sounds, tastes, or smells.
◍ Vertical Application.
, Answer: Software that designed for a specific business.
◍ Kanban.
Answer: A Japanese word that can refer to a sign or a marker and means
"visible record." Most often associated either with the movement of a
container of parts or with the production of parts to fill an empty container.
Accordingly, two types of kanban are generally used, the conveyance
kanban and the production kanban
◍ Revenue Sharing.
Answer: When 2 or more companies partner and divides the profits received
based on an agreement between all parties involved.
◍ Pointers.
Answer: Used to show the relationship between data fields and tables.
◍ problem solver.
Answer: involves converting processes and procedures into system
components and troubleshooting errors or delays that may occur.
◍ Bridge.
Answer: a device that connects and passes packets between two network
segments that use the same communications protocol; can be used to boost
Wi-Fi strength in areas of low signal quality.
◍ Online Analytical processing (OLAP).
Answer: analyze transaction data used for making decisions;
multidimensional (cubical) data; requires a lengthy, complex loading and
updating phase.
◍ Pseudocode.
Answer: an informal high-level description of the operating principle of a
computer program or other algorithm. Used for human reading, rather than
machine reading, and it can be used to translate into any programming
language.
◍ Total Cost of Ownership (TCO).
, Answer: Helps establish feasibility.
◍ Data, Information, and Knowledge example.
Answer: Data: The number of people below the poverty line in the region is
50,000. Information: The number of people below the poverty line increases
between 2010 and 2018. Knowledge: The number of people below the
poverty line has increased due to stagnating wages and cuts to social
programs.
◍ Elements of Decision Theory.
Answer: Acts, events, outcomes, and payoffs.
◍ 4 Types of Demand.
Answer: o Peako Seasonalo Unexpectedo Chase
◍ Actual Output.
Answer: Total amount produced during a given time period.
◍ Sarbanes-Oxley Act of 2002 (SOX).
Answer: Requires organizations to adhere to rules to ensure the accuracy,
integrity, and security of financial information that leads to the creation and
storage of financial statements.
◍ Just in Time 2 (JIT II).
Answer: Relationships with suppliers are further strengthened beyond
vendor managed inventory in which the supplier places a representative on
the customer's site that is dedicated to the customer's products only.
Although an employee of the supplier, this person is authorized to purchase
material for the customer.
◍ Quality.
Answer: the degree to which a specific product conforms to its design
characteristics or specifications The amount of a specific, desired attribute
The capacity to satisfy customers' needs Consistently meeting or exceeding
the customer's needs and expectations Is everyone's responsibility in the
organization
, ◍ Executive information system.
Answer: A system that facilitates and supports senior managerial decisions.
◍ Pharming.
Answer: Used to steal personal information by redirecting users to
official-looking websites.
◍ Serviceability.
Answer: Speed, courtesy, and competence of repair.
◍ Simple Mail Transfer Protocol (SMTP).
Answer: Used to manage and monitor emails that we receive.
◍ copyright.
Answer: egal right given to the creator of an original work allowing the
exclusive right for sale and distribution of that work for a period of time.
◍ Perpetual Inventory System.
Answer: Continuously monitors inventory levels and is also called a
continuous review system. Requires human input (i.e. cashier) and the
ordering of more inventory is triggered by reorder point.o Requires an exact
inventory balance at all timeso Best for big businesses, retail stores, or
bankso High value and high volumeo Expensive to implement and maintain
◍ Economic Order Quantity (EOQ).
Answer: For inventory that doesn't require production, when demand is
constant and known, when cost per unit does not depend on order quantity.
Most appropriate for retail stores or companies that order finished goods.
◍ Match.
Answer: Adds capacity in small incremental amounts in response to
changing demands in the market
◍ chief operations officer (COO).
Answer: is the director of operations, responsible for the oversight of
internal operations on a day-to-day basis and for monitoring production
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