MB0044 – Production & Operations Management Q.1. what do you understand by Vendor-managed Inventory (VMI)? Ans. Vendor managed inventory: The very purpose of JIT is to reduce Inventory at all places in the supply chain. Inventory is considered a waste because Inventory is created by using materials‚ machines and efforts of persons. All of these Are resources which have already been used up and that portion of it which is not Consumed and sent up the value chain causes a drag on the system
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BUSINESS LAW AND ETHICS: Midterm exam Total Value: 25 Marks Date: September 30th‚ 2009 Instructor: Benito Aloe Time: 40 minutes Name: _____________________Signature: ___________________ID No:________ Course materials permitted: None. Concordia Academic Code of Conduct will be strictly enforced. unless otherwise indicated. Choose the most appropriate‚ accurate or correct answer. Answers on questionnaire will not be corrected. At the end of the exam return the questionnaire
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PMP Exam Sample Questions (1) A Project Manager is at the project kick-off meeting. He confidently states the vision and mission for the project. This PM is exhibiting the following leadership style: 1. Hierarchal 2. Authoritarian 3. Charismatic 4. Associative Answer:C (2) You are in charge of developing a new product for an organization. Your quality metrics are based on the 80th percentile of each of the last three products developed. This is an example of: 1. Statistical
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2013 CAS Online Course 1 Risk Management and Insurance Operations Risk Management and Insurance Operations is called Online Course 1 by the CAS and CA1 by The Institutes. (Prometric lists this course as CAS1 on its Web site under The Institutes.) Online Course 1/CA1 prepares CAS candidates for a two-hour‚ seventy-five-point multiple-choice examination. The online course and exam were developed collaboratively with The Institutes. The online course is available through the CAS Online Courses
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Forecasting Forecast can help managers by reducing some of the uncertainty‚ thereby enabling them to develop more meaningful plans than they might otherwise. A forecast is a statement about the future. Features common to all forecasts 1. The same underlying causal system that existed in the past will continue to exist in the future. 2. Forecasts are rarely perfect; actual results usually differ from predicted values. 3. Forecasts for groups of items tend to be more accurate than forecasts
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Being in the right location is a key ingredient in a business ’s success. If a company selects the wrong location‚ it may have adequate access to customers‚ workers‚ transportation‚ materials‚ and so on. Consequently‚ location often plays a significant role in a company ’s profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and objectives‚ and searching for locations with offerings that are compatible with these needs
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Sample Management Essay Through times‚ the role of a manager has been experiencing changes. This was caused by the changes of consumer behavior‚ evolving organizational structures‚ and last but not least‚ rapid technology development. Managers had to accommodate to every changes in either of the three to be able to do their job decently. The same today‚ a lot of managers are in position where they have to chose whether to alter their current techniques or not‚ because the market and the adjacent
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Jacqueline Soto Midterm Information Systems I 1) A 2) A 3) B 4) A 5) A 6) C 7) D 8) C 9) C 10) C 11) B 12) D 13) D 14) B 15) A 16) A 17) C 18) D 19) A 20) D 21) B 22) C 23) B 24) B 25) A Essay Questions 26. You work for an auto manufacturer and distributor. How could you use information systems to achieve greater customer intimacy? You could create a website that
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11. Using the expenditure approach‚ which of the following would be included in U.S. GDP? a. The value of the groceries you buy at the store. b. The value of an automobile purchased by Hertz to be rented out later to customers. c. The value of steel that was produced but not sold during the year. d. All of the above. e. None of the above. 12. Which of the following would be considered "government purchases" when measuring GDP? a. The salary of a city police officer. b. U.S. government social
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Interpersonal Communication Midterm Exam Study Guide – Spring 2014 1. Know and understand all kinds of “noise” in the communication process. 1. Noise: external‚ physiological‚ and psychological distractions that interfere with the accurate transmission and reception of a message. 1. External Noise: 1. example) loud music; cigarette smoke 2. Physiological Noise: biological factors that interfere with accurate reception; 1. example) illness; fatigue; hearing loss 3. Psychological Noise:
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