support tools; and (3) the emergence of electronic commerce. Universities are developing
integrated databases to better streamline student services (i.e., registration, admissions, and
grading). Software applications have been developed to aid in teaching and presenting
classroom materials. Colleges have made access to education easier by offering entire degree
programs online.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Technology
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-09 - FN-Leveraging Technology
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 10 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1C4R
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJI-CCAU-1CJI-CWAG-NPMB-
CWSU-1CTT-8RSU-OCDR-GOSU-NQMN-GESU-EPTU-CEHG-R3JS-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
147. Discuss four factors that are changing the way we manufacture.
ANSWER: Technology has fostered computer-integrated manufacturing-changing the way laborers
work. The theory of constraints (TOC) has enabled firms to identify bottlenecks and improve
the time and quality of production. JIT has reorganized the production line to respond to
customer demand, rather than sequential, efficient supply. Total quality management (TQM)
has focused firms on quality and continuous improvement, reducing waste and cost.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-11 - Strategic Planning
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 10 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1C4D
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 82
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMR-8YHS-C3UG-8F1S-EAMD-
GHSU-1AJW-8RSS-NCDB-GOSU-YPDB-GRSU-KQDG-GHAU-GPMB-E7JI-YT4D-
JFNN-4OTI-GO4W-NQNBEE
148. Why has time become such an important factor in competition?
ANSWER: Reducing the time that it takes to act means that companies are able to respond to customers
and suppliers more quickly. It fosters adaptability and the ability to respond to changing
demands. Reducing time is accomplished by reducing waste and nonvalue-added activities.
Reducing activities and waste lowers cost and builds competitive advantage.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-11 - Strategic Planning
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 10 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1C3U
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJW-CC5S-CCT3-CTTD-QA3U-
CCSU-QA5G-8YSU-YA5F-GOSU-NCBO-CRSS-R3UG-CP1D-NQMN-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
149. How has the nature of accounting systems shifted in response to technology?
ANSWER: ERP, DSS, and OLAP software have allowed firms to create one database that can be used
for many purposes. Information is more accessible and can be used to provide much more
effective planning, control, feedback, decision making, and continuous improvement. EDI
has allowed the emergence of electronic commerce and supply chain management.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Technology
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-09 - FN-Leveraging Technology
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 10 min.