Question 1

The cost of running out of inventory is referred to as a holding cost.

Accepted Answer

A) True 
 B)False

Question 2

The first step in applying PERT is to

Accepted Answer

A)   estimate the time required for each activity and mark it on the corresponding arrow.
B)   identify all of the major activities involved in the project.
C)   arrange the events in a sequence.
D)   use arrows, representing activities, to connect events that must occur in sequence.
E)   identify the critical path.F) B) and E)
G) C) and D)

Question 3

A set of statistical techniques used to sample both work in progress and finished products is called

Accepted Answer

A)   statistical quality control.
B)   statistical process control.
C)   quality circles.
D)   inspection circles.
E)   avoidance circles.F) A) and D)
G) B) and E)

Question 4

Operations control includes all of the following except

Accepted Answer

A)   scheduling.
B)   inventory control.
C)   basic research.
D)   purchasing.
E)   quality control.F) C) and E)
G) C) and D)

Question 5

In supplier selection, the main idea is to find the highest-quality materials available.

Accepted Answer

A) True 
 B)False

Question 6

When Panasonic improves the sound, clarity, and ease of operation offered by its Blu-Ray players, it is

Accepted Answer

A)   shortening its product life cycle.
B)   extending its basic research.
C)   redistributing its product.
D)   refining its existing product.
E)   reducing the DVD player's functionality.F) A) and B)
G) C) and E)

Question 7

The major objective of quality control is to see that the organisation produces no imperfect products.

Accepted Answer

A) True 
 B)False

Question 8

An analytical process breaks raw materials into different component parts.

Accepted Answer

A) True 
 B)False

Question 9

Needles, Inc., has five of its ten products at the end of the product life cycle.To maintain its market share, the firm must at least find ways to

Accepted Answer

A)   reduce the cost of marketing its products.
B)   cut manufacturing costs.
C)   extend or refine the want-satisfying capability of its products.
D)   reduce the number of employees.
E)   increase the price of the product.F) A) and D)
G) A) and B)

Question 10

Technology that is characterised by low initial costs and high operating costs is termed

Accepted Answer

A)   a quality circle.
B)   capital-intensive.
C)   an industrial installation.
D)   labour-intensive.
E)   a process layout.F) None of the above
G) A) and E)

Question 11

Automation is characterised by low initial costs and high operating costs.

Accepted Answer

A) True 
 B)False

Question 12

Deciding on the product line involves balancing customer preferences and production requirements.

Accepted Answer

A) True 
 B)False

Question 13

Cisco Systems manufactures computer hardware, uses software programmes, and provides networking services to customers.As a result, Cisco uses

Accepted Answer

A)   research implementation.
B)   more than one production process.
C)   a complex magnitude of change.
D)   basic research applications.
E)   multiple outputs.F) None of the above
G) A) and E)

Question 14

Ford produces a wide variety of vehicles for individuals, businesses, manufacturers, and even schools.It also operates its own financing division, Ford Motor Acceptance Corp.It seems as if Ford

Accepted Answer

A)   focuses on financial resources.
B)   has a small magnitude.
C)   has few production processes.
D)   has many production processes.
E)   is a service business.F) A) and D)
G) B) and D)

Question 15

The major resource or resources that comprise the major input for a conversion process is often referred to as the focus.

Accepted Answer

A) True 
 B)False

Question 16

CAD stands for "computer-assisted development programmes."

Accepted Answer

A) True 
 B)False

Question 17

During the design planning stage for its new appliances, Torr, Inc.needs to determine how many different product variations there will be.This is the same as determining the product

Accepted Answer

A)   features.
B)   life cycles.
C)   line.
D)   prices.
E)   availability.F) All of the above
G) B) and E)

Question 18

A government-funded group of scientists is assigned to discover new knowledge and scientific advances.These scientists are not required to consider the potential use of this knowledge.This group is conducting

Accepted Answer

A)   development and implementation.
B)   research for product life cycles.
C)   applied research.
D)   academic research and development.
E)   basic research.F) B) and D)
G) None of the above

Question 19

The ____ function specifies when the materials will arrive at each station and how long they will remain there.

Accepted Answer

A)   routing
B)   timing
C)   efficient manufacturing
D)   tactical
E)   analysisF) A) and B)
G) All of the above

Question 20

The just-in-time inventory system focuses on minimising

Accepted Answer

A)   scheduling.
B)   materials resource planning.
C)   stock-out costs.
D)   customer complaints.
E)   storage and holding costs.F) D) and E)
G) A) and B)

Exam 8: Products and Services

During the design planning stage for its new appliances, Torr, Inc.needs to determine how many different product variations there will be.This is the same as determining the product

Correct AnswerverifiedShow Answer

A government-funded group of scientists is assigned to discover new knowledge and scientific advances.These scientists are not required to consider the potential use of this knowledge.This group is conducting

Correct AnswerverifiedShow Answer

In supplier selection, the main idea is to find the highest-quality materials available.

Correct AnswerverifiedShow Answer

Technology that is characterised by low initial costs and high operating costs is termed

Correct AnswerverifiedShow Answer

An analytical process breaks raw materials into different component parts.

Correct AnswerverifiedShow Answer

Deciding on the product line involves balancing customer preferences and production requirements.

Correct AnswerverifiedShow Answer

A set of statistical techniques used to sample both work in progress and finished products is called

Correct AnswerverifiedShow Answer

When Panasonic improves the sound, clarity, and ease of operation offered by its Blu-Ray players, it is

Correct AnswerverifiedShow Answer

The first step in applying PERT is to

Correct AnswerverifiedShow Answer

Operations control includes all of the following except

Correct AnswerverifiedShow Answer

The major objective of quality control is to see that the organisation produces no imperfect products.

Correct AnswerverifiedShow Answer

Cisco Systems manufactures computer hardware, uses software programmes, and provides networking services to customers.As a result, Cisco uses

Correct AnswerverifiedShow Answer

CAD stands for "computer-assisted development programmes."

Correct AnswerverifiedShow Answer

Automation is characterised by low initial costs and high operating costs.

Correct AnswerverifiedShow Answer

The cost of running out of inventory is referred to as a holding cost.

Correct AnswerverifiedShow Answer

The major resource or resources that comprise the major input for a conversion process is often referred to as the focus.

Correct AnswerverifiedShow Answer

Ford produces a wide variety of vehicles for individuals, businesses, manufacturers, and even schools.It also operates its own financing division, Ford Motor Acceptance Corp.It seems as if Ford

Correct AnswerverifiedShow Answer

The ____ function specifies when the materials will arrive at each station and how long they will remain there.

Correct AnswerverifiedShow Answer

The just-in-time inventory system focuses on minimising

Correct AnswerverifiedShow Answer

Needles, Inc., has five of its ten products at the end of the product life cycle.To maintain its market share, the firm must at least find ways to

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified