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BUSOBA 3230 EXAM 1 NEWEST 2025 ACTUAL
EXAM COMPLETE 100 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
A statistical term to describe the quality goal of no more than 3.4 defects out of every million units. Also refers to a quality improvement philosophy and program. - ANSWER-six sigma
The ability to produce a unique product exactly to a particular customer's requirements. - ANSWER-Mass customization
The use of the Internet as an essential element of business activity. - ANSWER-electronic commerce
The ability to meet current resource needs without compromising the ability of future generations to meet their needs. - ANSWER-sustainability
A business strategy that includes social, economic, and environmental criteria. - ANSWER-triple bottom line
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The use of current business data to solve business problems using mathematical analysis. - ANSWER-business analytics
A term that refers to the billions of devices that are connected to the Internet. - ANSWER-Internet of Things
A ratio of the actual output of a process relative to some standard. Also, being "efficient" means doing something at the lowest possible cost. - ANSWER-efficiency
Doing the things that will create the most value for the customer.
- ANSWER-Effectiveness
The attractiveness of a product relative to its price. - ANSWER- value
The setting of broad policies and plans that will guide the use of the resources needed by the firm to implement its corporate strategy. - ANSWER-Operations and supply chain strategy
Performing activities in a manner that best implements strategic priorities at minimum cost. - ANSWER-Operations effectiveness 2 / 3
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When a firm seeks to match what a competitor is doing by adding new features, services, or technologies to existing activities. This often creates problems if trade-offs need to be made. - ANSWER-straddling
One or more specific marketing-oriented dimensions that clearly differentiate a product from competing products. - ANSWER- order winners
Dimensions used to screen a product or service as a candidate for purchase. - ANSWER-Order qualifiers
those individuals or companies that legally own one or more shares of stock in the company - ANSWER-shareholders
stakeholders - ANSWER-Those individuals or organizations that are influenced, either directly or indirectly, by the actions of the firm
Which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment? - ANSWER-Make-to-stock
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