Mid-Term Flashcards
Division of Labor
the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
economies of scale
a proportionate saving in costs gained by an increased level of production.
Organizational chart
a diagram that visually conveys a company’s internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity
Line Organization
the authority flows from top to bottom in a concern. The line of command is carried out from top to bottom.
Henry Fayol
developed a general theory of business administration that is often called Fayolism
Max Weber
development of modern Western society
What is Fayol’s theory of the unity of command
an employee should receive orders from one supervisor only.
What are the advantages of bureaucratic organizations and flat organizations structures
elevates the employees’ level of responsibility in the organization
What does real-time mean?
near to zero latency and access to information whenever it is required.
which is growing more rapidly? Service sector or manufacturing sector
Service Sector
How can the US strengthen the manufacturing base now?
Have more upskilled employees and improve communication
operations management
the administration of business practices to create the highest level of efficiency possible within an organization
form utility
how well a product or service meets the customer’s needs
intermittent process
processes that start at an unfixed time period and end at another unfixed time period
flexible manufacturing
the production method that is designed to easily adapt to changes in the type and quantity of the product being manufactured.
