Question 1

MRP stands for:

Accepted Answer

A) maximized revenue potential. 
B) managed resource priorities. 
C) materials requirement planning. 
D) minimum resource payments. 
A) maximized revenue potential. 
B) managed resource priorities. 
C) materials requirement planning. 
D) minimum resource payments. C

Question 2

Operations management is a specialized area in management that is concerned with the production of both goods and services.

Accepted Answer

A) True 
 B)False  True

Question 3

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.

Accepted Answer

A) True 
 B)False  False

Question 4

Under the six sigma quality control standard,there are only 3.4 defects per million units produced.

Accepted Answer

A) True 
 B)False

Question 5

The goal of lean manufacturing is to:

Accepted Answer

A) keep inventories of finished goods as low as possible. 
B) become more self sufficient by producing major components rather than buying them. 
C) produce a very limited variety of goods. 
D) produce goods and services with less of everything compared to mass production. 
A) keep inventories of finished goods as low as possible. 
B) become more self sufficient by producing major components rather than buying them. 
C) produce a very limited variety of goods. 
D) produce goods and services with less of everything compared to mass production.

Question 6

ISO 14000 is a new set of product quality standards that has replaced the old ISO 9000 standards.

Accepted Answer

A) True 
 B)False

Question 7

Which chart is a tool used for planning?

Accepted Answer

A) Form 
B) Flow 
C) Gantt 
D) PERT 
A) Form 
B) Flow 
C) Gantt 
D) PERT

Question 8

A disadvantage of flexible manufacturing systems is that they usually require a great deal of labour because machines are rarely capable of handling a wide variety of tasks.

Accepted Answer

A) True 
 B)False

Question 9

Redipartz is a supplier of electronics components to a variety of manufacturers.It offers its important customers the convenience of sequential delivery.Redipartz and its major customers are likely to make use of:

Accepted Answer

A) ERP. 
B) MRP. 
C) MRP II. 
D) PERT. 
A) ERP. 
B) MRP. 
C) MRP II. 
D) PERT.

Question 10

How do today's companies make high-quality,custom designed products at very low cost?

Accepted Answer

Through flexible manufacturing

Question 11

How are MRP and ERP similar? How do they differ?

Accepted Answer

Materials requirement planning (MRP),and

Question 12

Process manufacturing refers to combining components and raw materials to make a product.

Accepted Answer

A) True 
 B)False

Question 13

So far,the high cost of CAD/CAM techniques has limited their use to large,expensive manufactured goods such as automobiles.

Accepted Answer

A) True 
 B)False

Question 14

uses computers to help design products.

Accepted Answer

A) QPC 
B) DPA 
C) CAD 
D) PERT 
A) QPC 
B) DPA 
C) CAD 
D) PERT

Question 15

For services,the facility layout is usually designed to:

Accepted Answer

A) allow mass production techniques to be utilized efficiently. 
B) facilitate a centralized decision-making process. 
C) enable the firm to maintain a continuous production run. 
D) help customers find and buy things. 
A) allow mass production techniques to be utilized efficiently. 
B) facilitate a centralized decision-making process. 
C) enable the firm to maintain a continuous production run. 
D) help customers find and buy things.

Question 16

Canada is in the world's top ten for R&D spending.

Accepted Answer

A) True 
 B)False

Question 17

The six sigma approach to quality control:

Accepted Answer

A) relies on a special team of experts to examine every unit of output at the end of the production process. 
B) detects potential problems before they occur. 
C) allows only 6 defective units per one thousand units produced. 
D) views quality control as a function of the marketing department. 
A) relies on a special team of experts to examine every unit of output at the end of the production process. 
B) detects potential problems before they occur. 
C) allows only 6 defective units per one thousand units produced. 
D) views quality control as a function of the marketing department.

Question 18

Firms that satisfy the ISO 9000 and ISO 14000 standards have demonstrated a world-class management system in both quality and environmental standards.

Accepted Answer

A) True 
 B)False

Question 19

Enterprise resource planning (ERP)is simpler and less sophisticated than manufacturing resource planning (MRP).

Accepted Answer

A) True 
 B)False

Question 20

The main objective of lean manufacturing is to:

Accepted Answer

A) keep labour costs as low as possible by expanding the use of other resources. 
B) produce products that have fewer frills and options in order to simplify the production process and keep costs as low as possible. 
C) get state and local governments to handle many of the tasks currently performed by the firm. 
D) produce goods using less of all types of resources compared to mass production techniques. 
A) keep labour costs as low as possible by expanding the use of other resources. 
B) produce products that have fewer frills and options in order to simplify the production process and keep costs as low as possible. 
C) get state and local governments to handle many of the tasks currently performed by the firm. 
D) produce goods using less of all types of resources compared to mass production techniques.

MRP stands for:

Operations management is a specialized area in management that is concerned with the production of both goods and services.

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.

Under the six sigma quality control standard,there are only 3.4 defects per million units produced.

The goal of lean manufacturing is to:

ISO 14000 is a new set of product quality standards that has replaced the old ISO 9000 standards.

Which chart is a tool used for planning?

A disadvantage of flexible manufacturing systems is that they usually require a great deal of labour because machines are rarely capable of handling a wide variety of tasks.

Redipartz is a supplier of electronics components to a variety of manufacturers.It offers its important customers the convenience of sequential delivery.Redipartz and its major customers are likely to make use of:

How do today's companies make high-quality,custom designed products at very low cost?

How are MRP and ERP similar? How do they differ?

Process manufacturing refers to combining components and raw materials to make a product.

So far,the high cost of CAD/CAM techniques has limited their use to large,expensive manufactured goods such as automobiles.

uses computers to help design products.

For services,the facility layout is usually designed to:

Canada is in the world's top ten for R&D spending.

The six sigma approach to quality control:

Firms that satisfy the ISO 9000 and ISO 14000 standards have demonstrated a world-class management system in both quality and environmental standards.

Enterprise resource planning (ERP)is simpler and less sophisticated than manufacturing resource planning (MRP).

The main objective of lean manufacturing is to:

The Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters

Exam 10: Producing World-Class Goods and Services

MRP stands for:

Operations management is a specialized area in management that is concerned with the production of both goods and services.

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.

Under the six sigma quality control standard,there are only 3.4 defects per million units produced.

The goal of lean manufacturing is to:

ISO 14000 is a new set of product quality standards that has replaced the old ISO 9000 standards.

Which chart is a tool used for planning?

A disadvantage of flexible manufacturing systems is that they usually require a great deal of labour because machines are rarely capable of handling a wide variety of tasks.

Redipartz is a supplier of electronics components to a variety of manufacturers.It offers its important customers the convenience of sequential delivery.Redipartz and its major customers are likely to make use of:

How do today's companies make high-quality,custom designed products at very low cost?

How are MRP and ERP similar? How do they differ?

Process manufacturing refers to combining components and raw materials to make a product.

So far,the high cost of CAD/CAM techniques has limited their use to large,expensive manufactured goods such as automobiles.

uses computers to help design products.

For services,the facility layout is usually designed to:

Canada is in the world's top ten for R&D spending.

The six sigma approach to quality control:

Firms that satisfy the ISO 9000 and ISO 14000 standards have demonstrated a world-class management system in both quality and environmental standards.

Enterprise resource planning (ERP)is simpler and less sophisticated than manufacturing resource planning (MRP).

The main objective of lean manufacturing is to:

The Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters