CramX Logo
RegisterLog in

WGU Management Practice Exam With Answers (130 Solved Questions)

WGU Management Practice Exam With Answers offers a strategic approach to studying with real past exams.

Julian Morgan
Contributor
4.1
48
10 months ago
Preview (5 of 14 Pages)
100%
Log in to unlock

Page 1

WGU Management Practice Exam With Answers (130 Solved Questions) - Page 1 preview image

Loading page ...

WGU C215 Operations ManagementAdvertising revenue model >>-Provides users with information on services andproducts and providesan opportunity for suppliers to advertiseAffiliate revenue model >>-Companies receive a referral fee for directing businessto an affiliateAppraisal cost >>-The cost associated with uncovering defectsAutomated order entry systems>>-A method using telephone models to senddigital orders to suppliers.Backwards integration >>-Owning or controlling sources of raw materials andcomponents.Benchmarking >>-Studying other companies business practices for comparison.Bullwhip effect>>-Inaccurate or distorted demand information created in thesupply chain.Business to Business commerce >>-Businesses buying and selling to otherbusinesses.Business to consumer commerce >>-Businesses selling to individual consumers.

Page 2

WGU Management Practice Exam With Answers (130 Solved Questions) - Page 2 preview image

Loading page ...

Page 3

WGU Management Practice Exam With Answers (130 Solved Questions) - Page 3 preview image

Loading page ...

Cause and effect diagrams>>-A chart that identifies potential causes of particularquality problems.Checklist >>-A list of common defects and the number of observed occurrences ofeach.Conformance to specifications >>-how well a product or service meets the targetsand tolerances set by designers.Continuous improvement >>-A philosophy of never ending improvement.Control charts >>-Charts used to evaluate whether a process is operating withinexpectations.Crossdocking >>-Eliminates storage and order picking functions of a distributionwarehouse.Customer defined quality>>-an integrated effort designed to improve qualityperformance at every level of the organization.Deming Prize>>-Japanese award for companies to recognize efforts in qualityimprovement.Distribution management >>-Responsible for the movement of material from themanufacturer to the customer.

Page 4

WGU Management Practice Exam With Answers (130 Solved Questions) - Page 4 preview image

Loading page ...

Distribution warehouse >>-Used for short term storage, consolidation,and productmixing.Distributor crossdocking >>-the receiving and consolidating of inbound productsfrom different vendors into a multi-SKU pallet.E-commerce >>-Using the internet and web to do business.E-distributors>>-Independently owned net marketplaces having catalogsrepresenting thousands of suppliers and designed for spot purchases.E-purchasing >>-Companies that connect onlone MRO suppliers to businessesthat pay fees to join the market, usually for long term contractual purchasing.Early supplier involment (ESI) >>-Involvement of critical suppliers in newproduct design.Electronic data interchange (EDI) >>-A form of computer to computercommunications that enables sharing business documents.Electronic requests for quotes (eRFQs) >>-An electronic request for a quote ongoods and services.Electronic storefront >>-online catalogs of products made available to the generalpublic by a single supplier

Page 5

WGU Management Practice Exam With Answers (130 Solved Questions) - Page 5 preview image

Loading page ...

Exchanges >>-Marketplaces that focus on spot requirements of larger firms in asingle industryExternal Failure costs >>-Costs associated with failures that occur at the customersite.Extranets >>-intranets that are linked to the internet so that suppliers andcustomers can be included in the system.Fitness for use >>-How well the product performs its intended purpose.Flowchart>>-A schematic of the sequence of steps involved in a process.Forward integration >>-Owning or controlling the channels of distributionsGeneral warehouse >>-used for long term storageGreen supply chain management>>-Focucses on the role of the supply chain withregard to its impact on the environment.Histogram >>-A chart that shows frequency distribution of observed values of avariable.Incoming inspection >>-verifies the quality of incoming goodsIndustry consortia >>-Industry owned markets for purchase of direct inputs fromlimited number of suppliers.
Preview Mode

This document has 14 pages. Sign in to access the full document!

Study Now!

X-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat

Document Details

Subject
Western Governors University

Related Documents

View all
Past Exams

2023 WGU D080 Practice Exam with Answers (161 Solved Questions)

Past Exams

2023-2024 WGU D236 Pathophysiology Practice Exam with Answers (170 Solved Questions)

Past Exams

2024 WGUC233 Law Practice Exam With Answers (179 Solved Questions)

Past Exams

WGU Education Practice Exam With Answers (243 Solved Questions)

Past Exams

WGU D174 Marketing Practice Exam With Answers (36 Solved Questions)

Past Exams

2023 WGUD094 Education Practice Exam With Answers (156 Solved Questions)

Past Exams

WGU C429 Health Care Assessment Practice Exam With Answers (115 Solved Questions)

Past Exams

2024 WGU D236 Pathophysiology Practice Exam With Answers (134 Solved Questions)

Past Exams

2022-2024 WGU C182 Computer Science Real Exam With Answers (70 Solved Questions)

Past Exams

2023-2024 WGU D220 Management Information System Practice Exam With Answers (226 Solved Questions)