Exam 14: Products and Processes

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A plant specializing on a limited, concise, manageable set of products, technologies, volumes, and markets is known as a:

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A

Which of the following statements regarding standardization is true? I. All products made to a given specification will be interchangeable. II. A range of standard specifications can be established so that the range covers the majority of uses for the item. III. Standardization results in a larger variety of parts.

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During which phase of the product life cycle do profits start to decline?

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C

Which of the following is a characteristic of special-purpose machinery?

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Which of the following is an objective of product design?

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Which of the following statements is true? I. Serving similar customers with similar demand characteristics is an example of market focus. II. A company specializing in assembling cars is an example of process focus. III. A focused factory specializes in a wide product mix.

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Which of the following are reasons a firm would buy a product rather than make it in its factory?

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During which phase of the product life cycle does the unit cost of the product decrease?

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A graphical representation of the steps and operations in a process is a:

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Which product design principle permits the practice of postponement?

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Standardization can reduce costs by:

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In a particular process, the fixed costs are calculated at $40,000 and the variable costs at $1.50 per unit. If 10,000 units are to be produced, what is the average cost per unit?

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Which of the following steps in a continuous improvement study ensures all elements of a job are studied?

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Intermittent manufacturing:

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In designing a process, which of the following needs to be considered?

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A diagram used to illustrate the main causes and sub-causes leading to a problem or symptom is a:

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What is the Cost Equalization Point for the two processes shown? Process A Process B Fixed cost \ 30.00 \ 120.00 Variable cost \ 3.00 \ 2.00

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Which of the following statements is/are true?

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General-purpose equipment:

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The establishment of a common size for electric light sockets is an example of:

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