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GEB- Exam 3 study guide FGCU- Ch. 9,10,11
By: Brian Pullen & Tyler P.
98
Business
Undergraduate 2
03/13/2018

Additional Business Flashcards

 


 

Cards

Term
Production
Definition
The creation of goods using land, labor, capital, entrepreneurship and knowledge (the factors of production).
Term
Production Management
Definition
All the activities managers do to help firms create goods.
Term
Operations management
Definition
A specialized area in management that converts or transforms resources into goods and services.
Term
Form Utility
Definition
The value producers add to materials in the creation of finished goods and services.
Term
Process Manufacturing
Definition
The part of production that physically or chemically changes materials.
Term
Assembly Process
Definition
The part of the production process that puts together components.
Term
Continuous Process
Definition
Long production runs turn out finished goods over time.
Term
Intermittent Process
Definition
Production runs are short and the producer adjusts machines frequently to make different products.
Term
Computer Aided Design (CAD)
Definition
The use of computers in the design of products.
Term
Computer Aided Manufacturing (CAM)
Definition
The use of computers in the manufacturing of products.
Term
Computer Integrated Manufacturing (CIM)
Definition
The uniting of computer-aided design with computer-aided manufacturing.
Term
Flexible Manufacturing
Definition
Designing machines to do multiple tasks so they can produce a variety of products.
Term
Lean Manufacturing
Definition
Using less of everything than in mass production.
Term
Mass Communication
Definition
Tailoring products to meet the needs of a large number of individual customers.
Term
Facility Location
Definition
The process of selecting a geographic location for a company’s operations.
Term
Telecommuting
Definition
Working from home via computer.
Term
Facility Layout
Definition
The physical arrangement of resources, including people, to most efficiently produce goods and provide services.
Term
Materials Requirement Planning (MRP)
Definition
A computer-based operations management system that uses sales forecasts to make sure parts and materials are available when needed.
Term
Enterprise Resource Planning (ERP)
Definition
A newer version of MRP, combines computerized functions into a single integrated software program using a single database.
Term
Purchasing
Definition
The function that searches for high-quality material resources, finds the best suppliers and negotiates the best price for goods and services.
Term
Just-in-Time (JIT) Inventory Control
Definition
The production process in which a minimum of inventory is kept and parts, supplies and other needs are delivered just in time to go on the assembly line.
Term
Quality
Definition
Consistently producing what the customer wants while reducing errors before and after delivery.
Term
Six Sigma Quality
Definition
A quality measure that allows only 3.4 defects per million opportunities.
Term
Statistical Quality Control
Definition
A process used to continually monitor all phases of the production process.
Term
Statistical Process Control
Definition
A process of testing statistical samples of product components at each stage of production.
Term
ISO 9000
Definition
The common name given to quality management and assurance standards.
Term
ISO 14000
Definition
A collection of the best practices for managing an organization’s impact on the environment.
Term
Program Evaluation and Review Technique (PERT)
Definition
A method for analyzing the tasks involved in completing a given project and estimating the time needed.
Term
Critical Path
Definition
The sequence of tasks that takes the longest time to complete.
Term
Gantt Chart
Definition
A bar graph that shows what projects are being worked on and how much has been completed.
Term

[image]

% of finished projects  ( Blue)

% of unfinished projects  ( Orange)

What kind of chart is this and what is being showed?

Definition

 Gantt Chart

&

% of finished projects  ( Blue)

% of unfinished projects  ( Orange)

 

Term

 

 According to the readings, Manufacturing in the U.S. has been very productive. What is the cause and what is the effect?

Definition

Cause: Technological Advances

Allows production to speed up, recycle and optimize labor

 

Effect of Technology:

fewer employees are needed

Term

True or False:

MANUFACTURING in the U.S.

 

Some areas in the U.S. are experiencing economic growth while others are declining.

 

Definition
True
Term

How can U.S. businesses maintain a competitive edge?

 

 

Definition
  1. Focusing on Customers and Quality.
  2. Maintaining communication with Suppliers and Use Internet for Inter-communication between Another Company and Better Prices. 
  3. Practicing Continuous Improvement, so new production Techniques are Up-To-Date.
Term
What are the 2 specified fields that the U.S. is still leading manufacturing?
Definition

U.S. is still the leader in nanotechnology and biotechnology.

Term

What is Operations Management?

Definition

A specialized area in management that converts or transforms resources into goods and services.

 

Term

What are the four main aspects of manufacturing does Operation management deal with?

 

Definition
  1. Inventory management
  2. Quality control
  3. Production scheduling
  4. Follow-up services
Term
What has revolutionized purchasing goods or services?
Definition
The Internet.
Term

When the material is brought to the floor, as soon as it is unloaded. There are only enough materials for that day.

What is this called?

 

 

Definition
Just-In-Time
Term

 

What is required and happens in J.I.T.?

 

Definition

The process requires excellent coordination with suppliers

&

Efficient Inventory Process 

Term

 

What is required and happens in J.I.T.?

 

Definition

The process requires excellent coordination with suppliers

&

Efficient Inventory Process 

Term

Studying workers to find the most efficient ways of doing things and then teaching people those techniques, what is this called?

What are the Three Key Elements to Increase Productivity?

 

Definition

Scientific Management

&

  1. Time
  2. Methods of Work
  3. Rules of Work

 

Term

What are TAYLOR’S FOUR KEY 

PRINCIPLES

Definition
  1. Study how a job is performed.
  2. Gather time & motion information
  3. Check different methods, then codify the best method into rules (Choose workers whose skill matches the rules)
  4. Establish a fair level of performance and pay.
Term

Which company used Taylor's method to improve their times? 

&

How?

Definition

UPS

&

 

How to get out of their trucks: 

  • Right foot first

How fast to walk: 

  • 3 ft per second

How to hold their keys:

  • Teeth up, third finger

 

Term

People act differently when they know they are being studied.

Definition
Hawthorne Effect
Term

Theory of motivation based on unmet human needs from basic physiological needs to safety, social and esteem needs to self-actualization needs.

Is called what?

Definition

MASLOW’S 

Hierarchy of Needs

Term

 

T/F:

Needs that have already been met do not motivate.

 

T/F:

If a need is filled, another higher-level need emerges.

 

Definition

T

T

Term

 

T/F:

Needs that have already been met do not motivate.

 

T/F:

If a need is filled, another higher-level need emerges.

 

Definition

T

T

Term

If a job has issues that cause dissatisfaction cause it is missing  something, but that something does not necessarily motivate employees if it is increased.

What is this?

Definition
Hygiene Factors
Term

Who proposed managers had two different sets of assumptions concerning workers?

&

What were they called?

 

Definition

Douglas McGregor proposed managers had two different sets of assumptions concerning workers.

&

McGregor called them Theory X and Theory Y.

 

Term

Douglas McGregor proposed managers had two different sets of assumptions concerning workers.

What tied the workers these assumptions?

 

 

Definition

Their attitudes about motivating workers were tied to these assumptions.

 

 

Term

What theory is this, X or Y?

 

Workers dislike work and seek to avoid it.

 

Definition
Theory X
Term

What is theory Y?

 

Definition
  1. People like work, it’s a part of life.
  2. Workers seek goals to which they are committed.
  3. Commitment to goals depends on perceived rewards.
  4. People can use creativity to solve problems.
  5. Intellectual capacity is only partially realized.
  6. People are motivated by a variety of rewards. 

 

Term

What theory focuses on the individual and is considered to be a hybrid?

&

What 2 types are combined to form the hybrid?

Definition

Theory Z is the hybrid approach of Types A and J.

 

Term
Goal-Setting Theory
Definition
  • What theory sets ambitious but attainable goals for improving the workplace, that are accepted?
Term
What is the differences between type J and type A?
Definition
J is based on Japanese culture, and focuses on life-time employment and consensual decision making. A is based on American culture, and focuses on short-term employment and individual decision making.
Term
What is the purpose of Management by Objectives (MBO)?
Definition
To involve discussions and evaluations of objectives among the managers and employees.
Term
Which theory describes the amount of effort employees exert on a certain task depends on their expectations of the outcome?
Definition
Expectancy Theory
Term
What are several questions employees ask themselves when using the expectancy theory?
Definition

1. Can i accomplish the task?

2. What's my reward?

3. Is the reward worth the effort?

Term
Reinforcement Theory contains which two reinforcers?
Definition
Positive and Negative reinforcers
Term
Which reinforcer includes praise, pay increases, and recognition?
Definition
Positive reinforcement
Term
Which reinforcer occurs when employees work to escape punishments?
Definition
Negative reinforcement
Term
How is the Equity theory involved with the employees of a company?
Definition
Employees who compare their amount of inputs and outputs to other employees
Term

What is job enrichment?

&

Who's theory is it based on?

Definition

It is a motivational strategy that emphasizes the worker through the job content.

&

Based on Herzberg’s motivators:

  1. Responsibility
  2. Achievement
  3. Recognition
Term
What are the key characteristics of work?
Definition

1. Skill variety

2. Task identity

3. Task significance

4. Autonomy

5. Feedback 

Term
What are the two types of Job Enrichment?
Definition
  1. Job Enlargement
  2. Job Rotation
Term
Which type of job enrichment involves combining a series of tasks into one challenging assignment?
Definition
Job Enlargement
Term
Which type of Job Enrichment involves moving employees from one job to another, and not allowing them to move up?
Definition
Job Rotation
Term
What is the most positive remedy for employee morale?
Definition
Open communication
Term
The process of determining human resource needs and then recruiting, selecting, developing, motivating, evaluating, compensating and scheduling employees to achieve organizational goals.
Definition
Human Resource Management
Term
What two events have grown Human Resource Management?
Definition
  1. Increased recognition of employees as most valuable resource.
  2. Changes in law that rewrote old workplace practices.

 

Term
After obtaining a Complete application, what are the next 5 steps?
Definition

 

  1. Conducting initial and follow-up interviews
  2. Giving employment tests
  3. Conducting background investigations
  4. Obtaining results from physical exams
  5. Establishing trial (probationary) work periods
Term
Social media has become the pinnacle to discover what type of individual is trying to obtain a job, so what would be bad to post (TO THE ENTIRE WORLD)?
Definition

Some of the worst things to do are:

  1. Posting provocative or inappropriate photos. (common sense)
  2. Information on drug use or excessive drinking. (Parties, 420)
  3. Bad mouthing a previous employer. (employer will "Black Ball" you)
  4. Discriminatory comments related to race, gender, religion, etc.

 

Term
If an employer has improved the employee's ability to be more productive and efficient ,in a SHORT AMOUNT OF TIME/ OVER A LONG PERIOD OF TIME; what is this called?
Definition

 

Training and Development:

All attempts to improve productivity by increasing an employee’s ability to perform.

Term
What is the difference between Training and Development?
Definition
  1. Training focuses on short-term skills.
  2. Development focuses on long-term abilities.
Term
What are the most common training methods that jobs do?
Definition
  1. Orientation
  2. On-the-Job Training
  3. Apprenticeships
  4. Off-the-Job Training
  5. Online Training
  6. Vestibule Training
  7. Job Simulation
Term
Billy Bob trained, in a classroom, with similar equipment "Used-On-The-Job". What kind of training did he receive?
Definition

 

Vestibule Training

(Near-The-Job-training)

 

 

Term

What type of an evaluation measures employee performance against established standards; and

has "360-degree review."?

Definition
Performance Appraisal
Term

 

What is the most positive attribute of a"360-degree review"? 

 

Definition

 

A 360-degree review gives managers opinions from people at different levels to get a more accurate idea of the worker’s ability.

 

Term

 

What is the most positive attribute of a"360-degree review"? 

 

Definition

 

A 360-degree review gives managers opinions from people at different levels to get a more accurate idea of the worker’s ability.

 

Term

How do managed and competitive compensation programs help the employees?

-

 

Definition
  1. Attract employees business needs
  2. Build employee incentive work efficiently and productively.
  3. Keep valued employees from going to competitors or starting their own firm.
  4. Maintain a competitive market position by keeping costs low due to high productivity from a satisfied workforce.
  5. Provide employee financial security
Term

In 1929, fringe benefits accounted for less than 2% of payroll cost. How much does it account for today?

&

What is the reason why?

 

 

Definition

Today it’s about 30%

&

Healthcare has been the most significant increase in fringe benefit cost.

 

Term

Stacey used her vacation time and pay to study for her exams and still pay her bills. What kind of benefit is she using?

&

What is the definition?

(definition)

Definition

Fringe Benefits -- Sick leave, vacation pay, pension and health plans that provide additional compensation to employees beyond base wages.

 

 

Term
What is "Distance Learning"?
Definition
Online Training
Term
When are Contingent Workers used?
Definition
  1. High Demand for labor or products, but full-time employees are on leave.
  2. The economy is Uncertain.
Term

What is a Lateral-Job Transfer?

&

What kind of job Management Training, job program can this be viewed as?

Definition
  1. To be moved to a new position, but NOT "moved-up" (NOT PROMOTED).
  2. Job rotation
Term
What is it when someone receives a severance package to retire early?
Definition
This is called the "Golden Handshake"
Term
Jill was told to be her trainer's shadow, so she would see how to properly serve the customers. What type of training is Jill undergoing?
Definition
On-the-job training
Term
Jack wants to become a plumber. Jack has to work alongside an experienced plumber before he can. What type of training is he searching for?
Definition
An Apprenticeship
Term
Jack wants to become a plumber. Jack has to work alongside an experienced plumber before he can. What type of training is he searching for?
Definition
An Apprenticeship
Term
Jack wants to become a plumber. Jack has to work alongside an experienced plumber before he can. What type of training is he searching for?
Definition
An Apprenticeship
Term
Bubba is furthering his education by attending some college classes, for his job has told him it is a required course to maintain his certification. What type of training is this?
Definition
Off-the-job
Term
What type of training can address an entire company's annual training of all the employees?
Definition
Online training
Term
Will is in a simulator to learn how to control a helicopter for the United States Coast Guard. What type of training is being employed?
Definition
Job Simulator
Term
[image]?
Definition
[image]
Term
High Hygiene + Low Motivation= ?
Definition
[image]
Term
Low Hygiene + High Motivation= ?
Definition
[image]
Term
Low Hygiene + Low Motivation= ?
Definition
[image]
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