Business ch 13

This type of operational software keeps track of project calendars, tasks, to-do lists, and work assignments.

Project management

Energy and environmental management is a responsibility of the facilities manager.

True

Which of the following is NOT a major logistical activity?

Building maintenance

In 2014, U.S. businesses, universities, and government spent more than ____________________ on product research.

$307 billion

Building a specific and unique product to meet the needs of one customer is done with

Custom manufacturing

Retailers lose more than $44 billion of their inventories each year. The largest source of these losses is

Employee theft

All of the following would be counted as inventory EXCEPT

Employees

The first step in the CPI process is to

Involve all employees

A time plan for completing activities is called a(n)

Schedule

What is the most basic form of production?

Extraction and cultivation

All businesses have the same business operations.

False

Design engineers typically build models of new products after the production process has been underway for six to twelve months.

False

This type of business obtains materials from other producers and converts them into products for sales to consumers and other businesses.

Manufacturer

Which type of business operation is NOT common to almost every type of business?

Manufacturing

Facilities management begins with

making economic decisions about the buildings needed

A speaker manufacturer is studying the current design to find ways to improve the speaker's sound. This is an example of

Applied research

Which of the following is the BEST definition of materials processing?

Changing the form of raw materials so they can be consumed or used to make other products

Information managers

Design and maintain communication technologies used by a business, develop procedures for using information, provide communication training to all employees

The first activity in production planning is

Development of a production process

Most businesses try to keep much more inventory on hand than they will need in the immediate future.

False

With intermittent processing, raw materials constantly move through specially designed equipment, which changes them into a specific product usable for consumption.

False

Having too many products in inventory

Increases the risk that a products will become outdated before they are sold & raises cost, but it doesn't cause a company to miss sales

Businesses that use the Internet for communications and information sharing

Sometimes face attacks by hackers on the company website

In modern factories,

Supplies and parts moving along conveyor belts to arrive just as they are needed

Benchmarks are

The best practices among all competitors

Collaboration software or groupware provides real-time communications capabilities by voice, text, and video.

True

In the past, if there was a problem in the production process, managers and employees would try to identify the problem and then try to correct it.

True

The economy begins with production

True

The traditional assembly line is quickly becoming an outdated production method.

True

Usually, several manufacturers are a part of the total activity needed to produce goods that are purchased by consumers or other businesses.

True