Wgu C215 Operations Management Questions And Answers 100% Verified A+ Guaranteed

Flowchart {Ans: A schematic of the sequence of steps involved in a process.}Break even analysis {Ans: used to compute the amount of goods that must be sold just to cover costs.}Simplicity {Ans: The simpler a solution the better it is.}Internal failure costs {Ans: costs associated with discovering poor quality product before it reaches customers.}Supply chain management {Ans: The speed at which product moves through a pipeline from the manufacturer to the customer}External Failure costs {Ans: Costs associated with failures that occur at the customer site.}Exchanges {Ans: Marketplaces that focus on spot requirements of larger firms in a single industry}Backwards integration {Ans: Owning or controlling sources of raw materials and components.}Focused factories {Ans: Facilities that are small specialized and focused on narrow set of objectives.}Production cards {Ans: A Kanban card that authorizes production}Multifunction workers {Ans: Capable of performing more than one job}Advertising revenue model {Ans: Provides users with information on services and products and provides an opportunity for suppliers to advertise}Business to Business commerce {Ans: Businesses buying and selling to other businesses.}Sales revenue model {Ans: a means of selling goods, information, or services directly to consumers.}Distributor crossdocking