DeVry University, Chicago - BUSN 460BUSN 460 W3 CapSim Quiz Week 3 Quiz. 100% Correct

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________________________________________ 1 point The collection of production partners, such as manufacturers, wholesalers, distributors, retailers, and on-line sales sites, is referred to as: a P... ERT chart the supply chain economies of scale TQM work-in-process 1 point Raw materials involves: the actual process of creating goods and services the functions needed to keep the company producing through a function or series of functions to carry out a plan employees and their skills included in the production process cost of goods to create products production facilities, technology, machinery, and equipment used to produce products 1 point The money spent to increase capacity is an expense that reduces profit. True False 1 point Human resources includes: the actual process of creating goods and services the functions needed to keep the company producing through a function or series of functions to carry out a plan employees and their skills involved in the production process cost of goods to create products production facilities, technology, machinery, and equipment used to produce products 1 point Which area of the balance sheet captures the value of the capacity and equipment? Assets Liabilities Owners' Equity Revenues Expenses 1 point Capacity involves: the actual process of creating goods and services the functions needed to keep the company producing through a function or series of functions to carry out a plan employees and their skills included in the production process cost of goods to create products production facilities, technology, machinery, and equipment used to produce products 1 point Operations involves: the actual process of creating goods and services the functions needed to keep the company producing through a function or series of functions to carry out a plan employees and their skills involved in the production process cost of goods to create products production facilities, technology, machinery, and equipment used to produce products 1 point Production involves: the actual process of creating goods and services the functions needed to keep the company producing through a function or series of functions to carry out a plan employees and their skills included in the production process cost of goods to create products production facilities, technology, machinery, and equipment used to produce products 1 point What does a PERT chart seek to accomplish? The quality of the products produced A timeline relating to avoid product revisions A production shift schedule for first and second shifts It depicts the production process, maps out the anticipated time required, and attempts to identify potential problems in the process. It maps out a variety of hair shampoos 1 point What does the term "economies of scale" mean? The heavier a product, the lower its costs. The more economical that the scales used to weight a product, the less expensive it will be. Improving the production quality of a product. The lower the volume produced, the lower the per unit cost. The higher the volume produced, the lower the per unit cost. [Show More]

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