Exam 10: Producing World-Class Goods and Services
Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment247 Questions
Exam 2: How Economic Issues Affect Business192 Questions
Exam 3: Competing in Global Markets231 Questions
Exam 4: The Role of Government in Business143 Questions
Exam 5: Ethics and Social Responsibility175 Questions
Exam 6: Forms of Business Ownership220 Questions
Exam 7: Entrepreneurship and Starting a Small Business224 Questions
Exam 8: Management and Leadership254 Questions
Exam 9: Adapting Organizations to Todays Markets278 Questions
Exam 10: Producing World-Class Goods and Services180 Questions
Exam 11: Motivating Employees278 Questions
Exam 12: Human Resource Management: Finding and Keeping the Best Employees275 Questions
Exam 13: Understanding Employeemanagement Issues and Relations170 Questions
Exam 14: Marketing: Building Customer and Stakeholder Relationships217 Questions
Exam 15: Managing the Marketing Mix: Product, Price, Place, and Promotion346 Questions
Exam 16: Understanding Accounting and Financial Information335 Questions
Exam 17: Financial Management273 Questions
Exam 18: The Financial Services Industry in Canada109 Questions
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A production process characterized by a short production run and frequent adjustments to machines so that different products can be produced is known as a(n):
(Multiple Choice)
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_________ is the function in the firm that searches for quality material resources,finds the best suppliers,and negotiates the best price.
(Multiple Choice)
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With the ________________ inventory control system,producers hold a bare minimum of parts and materials in storage.
(Multiple Choice)
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The integration and organization of information and logistics across firms is a function of supply chain management.
(True/False)
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Lometrica is a successful firm that has just been certified as having met all of the latest ISO 9000 standards.We can conclude that Lometrica is doing a world-class job of managing the environmental impact of its operations.
(True/False)
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A big advantage of computer-integrated manufacturing software is that it:
(Multiple Choice)
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What are the ISO 9000 and ISO 14000 standards? Why are they important?
(Essay)
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The function that searches for high-quality material resources,finds the best suppliers and negotiates the best price is called planning.
(True/False)
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Manufacturers of custom-designed furniture would use which type of process?
(Multiple Choice)
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Businesses that provide services typically cannot use mass customization because services are not tangible products that can be customized.
(True/False)
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Operations management is a specialized area in management that is concerned with the production of both goods and services.
(True/False)
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Cooltreet,Inc.combines sugar,cream,eggs,and flavourings,then churns and cools the resulting mixture to a very low temperature until it freezes,creating ice cream.The method Cooltreet is using is an example of:
(Multiple Choice)
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A just-in-time inventory system usually reduces costs for:
(Multiple Choice)
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For Canadian manufacturers to be competitive,they must find ways to keep the costs of inputs down and yet still increase output.
(True/False)
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Solarsys Aeronautics has just been awarded a contract to build a large lab module that will be attached to a new space station.The module is approximately 48 feet long,17 feet in diameter,and weighs over sixty tons.Solarsys should use an assembly line plant layout to produce this module.
(True/False)
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Lean manufacturing is a strategy of producing standardized products that have no frills or extra features in order to keep prices low.
(True/False)
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Manufacturing firms that want to minimize time-to-market are likely to choose facility sites that give them easy access to their preferred modes of transportation.
(True/False)
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