Exam 20: Production and Control

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The performance of managerial activities that involve selecting,designing,managing,controlling and updating production systems is called ________.

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C

Keith is struggling to understand what his manager meant when he was told to focus on the resources utilized during the transformation process.Which one of the following best defines what "transformation" means in this context?

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B

Which one of the following is an example of a modern capacity strategy?

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D

An organization decides to improve its raw material handling process by buying a material handling crane.This is an example of using ________.

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Operational tools are often used as part of a firm's human resource strategy.Which one of the following is an operational tool used by managers to improve productivity and ensure the safety of workers?

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________ is an operational plan of action outlining which goods and services an organization will produce and market.

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________ layout is a layout pattern that groups together similar types of equipment.

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Quality assurance is a continuum of activities that starts when quality standards are set and ends when quality goods and services are delivered to the customer.

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The total fixed cost of production in a manufacturing company is $50,000.The company sells its products at $15 and the variable costs associated with each unit sold is $10.Calculate the level of production at which the firm breaks even.

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According to Deming's flow diagram for improving product quality,which one of the following is the next step after the receipt and test of materials?

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A group of young entrepreneurs seek your help in analyzing the feasibility of their business.They want to identify the level of production at which the total revenue of the organization equals its total costs.Which control tool would you use to help them?

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________ is the amount of the total costs of producing a product that exceeds the total revenue gained from selling the product.

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Quality assurance is a(n)________.

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What is productivity and how is it important to organizations?

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________ is a plan of action aimed at providing the organization with the right facilities to produce the needed output at the right time.

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Work methods analyses are an operational tool that is performed for new or existing jobs to improve productivity and ensure the safety of workers.

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Which one of the following statements is true of the control tools used in organizations?

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Briefly describe JIT inventory control.

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A company uses current ratio to analyze its financial position.Which one of the following types of information can be obtained from current ratio?

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Organizations commonly employ more than one type of manufacturing process at the same time and in the same facility.

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