Question 1

Company acquisitions and benchmarking are rarely used to obtain new product ideas.

Accepted Answer

A) True 
 B)False  False

Question 2

A hotel that is wishing to outsource its laundry services is likely to consider what type of firm?

Accepted Answer

A)  A contract manufacturing provider 
B)  A contract services provider 
C)  A contract labor provider 
D)  A contract employee provider 
A)  A contract manufacturing provider 
B)  A contract services provider 
C)  A contract labor provider 
D)  A contract employee provider B

Question 3

All of the following are associated with concurrent engineering except?

Accepted Answer

A)  Linear product and process design phases 
B)  Fewer product design, processing, and operating problems 
C)  A high level of autonomy granted to the development teams 
D)  Cross-functional new product development teams 
A)  Linear product and process design phases 
B)  Fewer product design, processing, and operating problems 
C)  A high level of autonomy granted to the development teams 
D)  Cross-functional new product development teams A

Question 4

A university hires an outside firm to provide janitorial services. This is an example of the use of?

Accepted Answer

A)  Contract manufacturing 
B)  Contract development 
C)  Contract services 
D)  Contract offshoring 
A)  Contract manufacturing 
B)  Contract development 
C)  Contract services 
D)  Contract offshoring

Question 5

The use of stand-up packages instead of rigid containers can reduce container weight by approximately?

Accepted Answer

A)  95% 
B)  75% 
C)  50% 
D)  25% 
A)  95% 
B)  75% 
C)  50% 
D)  25%

Question 6

DFMA, in the context of product design, refers to?

Accepted Answer

A)  Design for manufacture and assembly 
B)  Design for modification and assignment 
C)  Design for minimum activity 
D)  Design for molding and actualization 
A)  Design for manufacture and assembly 
B)  Design for modification and assignment 
C)  Design for minimum activity 
D)  Design for molding and actualization

Question 7

"What technologies and processes will be required?" is what type of product screening issue?

Accepted Answer

A)  Product 
B)  Competition 
C)  Financials 
D)  "What technologies and processes will be required?" is not a product screening issue 
A)  Product 
B)  Competition 
C)  Financials 
D)  "What technologies and processes will be required?" is not a product screening issue

Question 8

Which question is not associated with the financials when conducting product screening?

Accepted Answer

A)  Who is the competition? 
B)  What are the barriers to entry for this product? 
C)  Are the preliminary product design specifications established? 
D)  What is the expected profit? 
A)  Who is the competition? 
B)  What are the barriers to entry for this product? 
C)  Are the preliminary product design specifications established? 
D)  What is the expected profit?

Question 9

A unique expertise or skill set that cannot be easily reproduced or imitated by other companies is referred to as a ___________.

Accepted Answer

A)  Core credo 
B)  Core competency 
C)  Core concept 
D)  Core cost-center 
A)  Core credo 
B)  Core competency 
C)  Core concept 
D)  Core cost-center

Question 10

ESI, in the context of concurrent engineering, refers to?

Accepted Answer

A)  Early salesforce initiative 
B)  Early supplier involvement 
C)  Early supplier improvement 
D)  Early salesforce involvement 
A)  Early salesforce initiative 
B)  Early supplier involvement 
C)  Early supplier improvement 
D)  Early salesforce involvement

Question 11

The use of recycling bins is an example of concern for sustainability in ________.

Accepted Answer

The answer of The use of recycling bins is an...

Question 12

The PalmPilot from Palm Inc. was successful because it had a better _________ than Apple's Newton MessagePad product.

Accepted Answer

A)  External fit 
B)  Internal fit 
C)  Manufacturing fit 
D)  Corporate fit 
A)  External fit 
B)  Internal fit 
C)  Manufacturing fit 
D)  Corporate fit

Question 13

A firm estimates that it will receive cash flows from a new product of $1,000 in Year 1, $800 in Year 2, and $700 in Year 3. If a discount rate of 9% is assumed, into what range below will the NPV be?

Accepted Answer

A)  Less than $2500 
B)  Between $2500 and $2800 
C)  Between $2800 and $3100 
D)  More than $3100 
A)  Less than $2500 
B)  Between $2500 and $2800 
C)  Between $2800 and $3100 
D)  More than $3100

Question 14

Inviting supplier representatives to participate on new product design teams is a practice that is often known as?

Accepted Answer

A)  Early concurrent involvement 
B)  Early partner cooperation 
C)  Early distributor cooperation 
D)  Early supplier involvement 
A)  Early concurrent involvement 
B)  Early partner cooperation 
C)  Early distributor cooperation 
D)  Early supplier involvement

Question 15

Firms can improve their core competencies over time by all of the following except?

Accepted Answer

A)  Maintaining the "status quo" 
B)  Additional training 
C)  Use of technology 
D)  Continued management support 
A)  Maintaining the "status quo" 
B)  Additional training 
C)  Use of technology 
D)  Continued management support

Question 16

The use of stand-up packages instead of rigid containers can reduce store shelf footprints by approximately?

Accepted Answer

A)  1% 
B)  5% 
C)  10% 
D)  25% 
A)  1% 
B)  5% 
C)  10% 
D)  25%

Question 17

Internal fit, when concerning product design, involves?

Accepted Answer

A)  Condition of the market 
B)  Desires of customers 
C)  Operational capabilities/policies of the firm 
D)  Pricing strategies 
A)  Condition of the market 
B)  Desires of customers 
C)  Operational capabilities/policies of the firm 
D)  Pricing strategies

Question 18

Final product testing is likely to involve feedback from all of the following except?

Accepted Answer

A)  Test markets 
B)  Employees 
C)  Widespread release to customers 
D)  Suppliers 
A)  Test markets 
B)  Employees 
C)  Widespread release to customers 
D)  Suppliers

Question 19

Concurrent engineering approaches may create cross-functional teams that are likely to include all of the following except?

Accepted Answer

A)  Engineering 
B)  Executives 
C)  Marketing 
D)  Operations 
A)  Engineering 
B)  Executives 
C)  Marketing 
D)  Operations

Question 20

Design of goods involves all of the following except?

Accepted Answer

A)  Available of processing equipment 
B)  Availability of land 
C)  Availability of factory workers 
D)  Availability of marketing personnel 
A)  Available of processing equipment 
B)  Availability of land 
C)  Availability of factory workers 
D)  Availability of marketing personnel

Company acquisitions and benchmarking are rarely used to obtain new product ideas.

A hotel that is wishing to outsource its laundry services is likely to consider what type of firm?

All of the following are associated with concurrent engineering except?

A university hires an outside firm to provide janitorial services. This is an example of the use of?

The use of stand-up packages instead of rigid containers can reduce container weight by approximately?

DFMA, in the context of product design, refers to?

"What technologies and processes will be required?" is what type of product screening issue?

Which question is not associated with the financials when conducting product screening?

A unique expertise or skill set that cannot be easily reproduced or imitated by other companies is referred to as a ___________.

ESI, in the context of concurrent engineering, refers to?

The use of recycling bins is an example of concern for sustainability in ________.

The PalmPilot from Palm Inc. was successful because it had a better _________ than Apple's Newton MessagePad product.

A firm estimates that it will receive cash flows from a new product of $1,000 in Year 1, $800 in Year 2, and $700 in Year 3. If a discount rate of 9% is assumed, into what range below will the NPV be?

Inviting supplier representatives to participate on new product design teams is a practice that is often known as?

Firms can improve their core competencies over time by all of the following except?

The use of stand-up packages instead of rigid containers can reduce store shelf footprints by approximately?

Internal fit, when concerning product design, involves?

Final product testing is likely to involve feedback from all of the following except?

Concurrent engineering approaches may create cross-functional teams that are likely to include all of the following except?

Design of goods involves all of the following except?

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Process Design and Capacity Management

Customer Relationships and Customer Service

Demand Management, Forecasting, and Aggregate Planning

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Information Flowsmrp and Erp

Managing Projects

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters

Exam 3: Product Design and Development

Company acquisitions and benchmarking are rarely used to obtain new product ideas.

A hotel that is wishing to outsource its laundry services is likely to consider what type of firm?

All of the following are associated with concurrent engineering except?

A university hires an outside firm to provide janitorial services. This is an example of the use of?

The use of stand-up packages instead of rigid containers can reduce container weight by approximately?

DFMA, in the context of product design, refers to?

"What technologies and processes will be required?" is what type of product screening issue?

Which question is not associated with the financials when conducting product screening?

A unique expertise or skill set that cannot be easily reproduced or imitated by other companies is referred to as a ___________.

ESI, in the context of concurrent engineering, refers to?

The use of recycling bins is an example of concern for sustainability in ________.

The PalmPilot from Palm Inc. was successful because it had a better _________ than Apple's Newton MessagePad product.

A firm estimates that it will receive cash flows from a new product of $1,000 in Year 1, $800 in Year 2, and $700 in Year 3. If a discount rate of 9% is assumed, into what range below will the NPV be?

Inviting supplier representatives to participate on new product design teams is a practice that is often known as?

Firms can improve their core competencies over time by all of the following except?

The use of stand-up packages instead of rigid containers can reduce store shelf footprints by approximately?

Internal fit, when concerning product design, involves?

Final product testing is likely to involve feedback from all of the following except?

Concurrent engineering approaches may create cross-functional teams that are likely to include all of the following except?

Design of goods involves all of the following except?

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Process Design and Capacity Management

Customer Relationships and Customer Service

Demand Management, Forecasting, and Aggregate Planning

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Information Flowsmrp and Erp

Managing Projects

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters