PoE Unit - II

________ is the branch of philosophy that studies concepts such as existence, being, becoming, and reality.

• Ontology

• philosophy

• Engineering

• Physics

________ is sometimes referred to as the science of being and belongs to the major branch of philosophy known as metaphysics.

• Ontology

• philosophy

• Engineering

• Physics

There are ________ central characteristics of reference ontologies (ROs).

• three

• four

• two

• five

PLC stands ______________.

• Product List Cycle

• Product Life Cycle

• Product Life Circle

• Problem Life Cycle

_______ is an assumption that every product goes through that involves the same pattern of introduction into the market, growth, maturity, and decline.

• PLC

• PAC

• PSC

• PLT

The product is losing market share, or becoming obsolete. It is well past its point of highest demand, and the demand decreases.

• Product Decline

• Product Maturity

• Product Growth

• Product Development

The new product is introduced; this is when all of the research and development happens.

• Product Decline

• Product Maturity

• Product Growth

• Product Development

The product is more than an idea or a prototype. At this stage, the product is manufactured, marketed, and released. Distribution increases, demand increases, and competition also increases.

• Product Decline

• Product Maturity

• Product Growth

• Product Development

During this stage, the product is widely available, and there are many competitors in the marketplace. You market the product to different segments, but more spending on advertising will have no impact on its demand.

• Product Decline

• Product Maturity

• Product Growth

• Product Development

A __________ is a natural extension of PLM, and creates a truly full life cycle that takes your obsolete or used products back into raw materials, not just assigning them to waste.

• closed-loop cycle

• product life cycle

• product development cycle

• open-loop cycle