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Homework answers / question archive / Question 1 1 out of 1 points       In today's hypercompetitive business environments, capital (i

Question 1 1 out of 1 points       In today's hypercompetitive business environments, capital (i

Management

  • Question 1

    1 out of 1 points

       
     

    In today's hypercompetitive business environments, capital (i.e., money) is still more important than information for business success.

  • Question 2

    1 out of 1 points

       
     

    The first airline that used technology to allow passengers to buy their plane tickets and reserve their seats online had a first-mover advantage.

  • Question 3

    1 out of 1 points

       
     

    The first company to gain first-mover advantage typically benefits from higher profits and larger market share.

  • Question 4

    1 out of 1 points

       
     

    Bar codes and document scanners are common methods of electronically capturing data.

  • Question 5

    1 out of 1 points

       
     

    Protecting information is the process of ensuring that data are reliably and consistently retrievable in a usable format for authorized users but no one else.

  • Question 6

    1 out of 1 points

       
     

    The manual capture of information is ____.

  • Question 7

    1 out of 1 points

       
     

    ____ is the process of discovering unknown patterns and relationships in large amounts of data.

  • Question 8

    1 out of 1 points

       
     

    At their core, companies are production systems that combine inputs such as labor, raw materials, capital, and knowledge to produce outputs such as finished goods or services.

  • Question 9

    1 out of 1 points

       
     

    Higher productivity is good not only for individual companies that achieve it but also for the countries in which they do business.

  • Question 10

    1 out of 1 points

       
     

    Total quality management (TQM) is an integrated organization-wide strategy for improving product and service quality.

  • Question 11

    1 out of 1 points

       
     

    All manufacturing operations produce physical goods.

  • Question 12

    1 out of 1 points

       
     

    The three basic measures of inventory are average aggregate inventory, weeks of supply, and inventory turnover.

  • Question 13

    1 out of 1 points

       
     

    The three principles that characterize TQM are continuous improvement, customer focus and satisfaction, and ____.

  • Question 14

    1 out of 1 points

       
     

    In TQM terms, ____ is an organizational goal to provide products or deliver services that meet or exceed customers’ expectations.

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