QUESTIONS AND CORRECT SOLUTIONS
MASTER STUDY SHEET
◉ Actuator. Answer: A device to produce physical movement based
on output from a computer system.
◉ Accelerometers. Answer: sensors in a vehicle that can measure a
change in total velocity, forces applied to the vehicle, direction forces
were applied, whether the vehicle rolled over, whether air bags were
deployed, and the vehicle's final resting position.
◉ Mechanical sensors. Answer: pressure sensors, flow sensors, and
motion detectors
◉ Biochemical sensors. Answer: Home diagnostic tests, wearable
fitness monitors, diabetes test strips/meters/patches, explosive
trace fumes
◉ Thermal sensors. Answer: smoke detectors, heat sensors,
computer hardware sensors
,◉ Radiant Sensors. Answer: optical sensors, radar, radio frequency
identification (RFID) tags
◉ digital twin. Answer: dynamic software model of a machine that
uses data from different sensors to do autonomous actions
◉ Ergonomics. Answer: The study of workplace equipment design
or how to arrange and design devices, machines, or workspace so
that people and things interact safely and most efficiently.
◉ Risk Owner. Answer: The person responsible for monitoring the
risk and for selecting and implementing an appropriate risk
response strategy.
◉ Risk center. Answer: A discrete unit within an organization,
having a leader and specific objectives, at which level a particular
risk (or group of risks) is most appropriately and effectively
managed. DEALS WITH MINOR RISK.
◉ Baes of organization culture. Answer: Beliefs, values, and
behaviors
◉ Hierarchy. Answer: decision making authority well defined; rules
standardized.
, ◉ Market. Answer: The organization is more concerned with
outward relationships.
◉ Clan. Answer: The organization is seen as a family. Teamwork is
emphasized.
◉ Adhocracy. Answer: adaptability; authority does not rest with one
party but moves from individual to individual or team to team as
needed
◉ risk seeking (risk naïve). Answer: having a high willingness to
take on situations with risk
◉ Risk avoiding (risk obsessed). Answer: aims to protect an existing
competitive advantage
◉ Risk Optimizing (Risk Managed). Answer: aggressive and
conservative tendencies are balanced in this risk attitude
◉ Standard Operating Procedures (SOPs). Answer: specific sets of
written instructions about how to perform a certain aspect of a task
◉ code of ethics. Answer: a guideline to help marketing managers
and other employees make better decisions