Question 1

"What is the break-even point?" is what type of product screening issue?

Accepted Answer

A)  Product 
B)  Competition 
C)  Financials 
D)  "What is the break-even point?" is not a product screening issue 
A)  Product 
B)  Competition 
C)  Financials 
D)  "What is the break-even point?" is not a product screening issue

Question 2

The process of making decisions about the characteristics, features, and performance of a company's goods and services refers to?

Accepted Answer

A)  Product placement 
B)  Product procurement 
C)  Product decisions 
D)  Product design 
A)  Product placement 
B)  Product procurement 
C)  Product decisions 
D)  Product design

Question 3

A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in each of the three years. The company estimates that it will invest $24,000 in product research and development costs. Assume a discount rate of 8%. Based on NPV, what should the firm do?

Accepted Answer

A)  Launch the product because NPV is greater than the amount to be invested 
B)  Not launch the product because NPV is greater than the amount to be invested 
C)  Launch the product because the amount to be invested is greater than NPV 
D)  Not launch the product because the amount to be invested is greater than NPV 
A)  Launch the product because NPV is greater than the amount to be invested 
B)  Not launch the product because NPV is greater than the amount to be invested 
C)  Launch the product because the amount to be invested is greater than NPV 
D)  Not launch the product because the amount to be invested is greater than NPV

Question 4

IBM and Microsoft are both well known for basic research accomplishments.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following combinations of success and failure related to modifying corporate core competencies is correct?

Accepted Answer

A)  Blockbuster successful, Netflix successful 
B)  Blockbuster successful, Netflix failure 
C)  Blockbuster failure, Netflix successful 
D)  Blockbuster failure, Netflix failure 
A)  Blockbuster successful, Netflix successful 
B)  Blockbuster successful, Netflix failure 
C)  Blockbuster failure, Netflix successful 
D)  Blockbuster failure, Netflix failure

Question 6

Concurrent engineering team member participation is likely to lead to what types of changes to the numbers of product design, processing and operating problems?

Accepted Answer

A)  Fewer problems 
B)  More problems 
C)  Same number of problems 
D)  Impossible to determine how the frequency of problems may change 
A)  Fewer problems 
B)  More problems 
C)  Same number of problems 
D)  Impossible to determine how the frequency of problems may change

Question 7

Strategic fit requires alignment of product design with?

Accepted Answer

A)  External fit 
B)  Internal fit 
C)  Both external and internal fit 
D)  Neither external nor internal fit 
A)  External fit 
B)  Internal fit 
C)  Both external and internal fit 
D)  Neither external nor internal fit

Question 8

Idea generation is the first stage of the product development process.

Accepted Answer

A) True 
 B)False

Question 9

Product screening issue categories include all of the following except?

Accepted Answer

A)  The Customer 
B)  The Product 
C)  The Competition 
D)  The Financials 
A)  The Customer 
B)  The Product 
C)  The Competition 
D)  The Financials

Question 10

A hotel relying on another firm to provide housekeeping services is likely utilizing a?

Accepted Answer

A)  Delivered service 
B)  Contract service 
C)  Secondary service 
D)  Composite service 
A)  Delivered service 
B)  Contract service 
C)  Secondary service 
D)  Composite service

Question 11

A toy maker hires an outside firm to perform product assembly. 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 12

The first stage of the product development process is?

Accepted Answer

A)  Product and process design 
B)  Idea generation 
C)  Concept development 
D)  Screening and analysis 
A)  Product and process design 
B)  Idea generation 
C)  Concept development 
D)  Screening and analysis

Question 13

Product packaging is likely to be of little importance when considering sustainability.

Accepted Answer

A) True 
 B)False

Question 14

Closed or partitioned workspaces are becoming increasingly common.

Accepted Answer

A) True 
 B)False

Question 15

A firm plans to spend $50,000 on the development of a new product. Using the NPV formula with an IRR of 9% yields $65,651. An IRR of 10% yields $55,980, and an IRR of 11% yields $50,000. What is the estimated IRR of this new product development?

Accepted Answer

A)  9% 
B)  10% 
C)  11% 
D)  Cannot be determined from the information given 
A)  9% 
B)  10% 
C)  11% 
D)  Cannot be determined from the information given

Question 16

After pilot manufacturing is completed, the next step is to move immediately to full-scale production.

Accepted Answer

A) True 
 B)False

Question 17

QFD, in a product development context, refers to?

Accepted Answer

A)  Quick foundational development 
B)  Quality function deployment 
C)  Quiet following distance 
D)  Quadratic finite difference 
A)  Quick foundational development 
B)  Quality function deployment 
C)  Quiet following distance 
D)  Quadratic finite difference

Question 18

Evaluating a product's carbon footprint, energy usage, air acidification impact, and water contamination profile occurs during what type of assessment?

Accepted Answer

A)  End cycle 
B)  Life cycle 
C)  Product cycle 
D)  Planning cycle 
A)  End cycle 
B)  Life cycle 
C)  Product cycle 
D)  Planning cycle

Question 19

A firm that modifies a product design to utilize fewer parts and a "snap-in" design rather than screws is likely using which concept?

Accepted Answer

A)  Reliability engineering 
B)  Concurrent engineering 
C)  Design for environment 
D)  Design for manufacture and assembly 
A)  Reliability engineering 
B)  Concurrent engineering 
C)  Design for environment 
D)  Design for manufacture and assembly

Question 20

On a service blueprint, the line that delineates between the activities that the customer sees and those not seen by customers is called the?

Accepted Answer

A)  Line of demarcation 
B)  Line of separation 
C)  Line of delineation 
D)  Line of visibility 
A)  Line of demarcation 
B)  Line of separation 
C)  Line of delineation 
D)  Line of visibility

"What is the break-even point?" is what type of product screening issue?

The process of making decisions about the characteristics, features, and performance of a company's goods and services refers to?

IBM and Microsoft are both well known for basic research accomplishments.

Which of the following combinations of success and failure related to modifying corporate core competencies is correct?

Concurrent engineering team member participation is likely to lead to what types of changes to the numbers of product design, processing and operating problems?

Strategic fit requires alignment of product design with?

Idea generation is the first stage of the product development process.

Product screening issue categories include all of the following except?

A hotel relying on another firm to provide housekeeping services is likely utilizing a?

A toy maker hires an outside firm to perform product assembly. This is an example of the use of?

The first stage of the product development process is?

Product packaging is likely to be of little importance when considering sustainability.

Closed or partitioned workspaces are becoming increasingly common.

A firm plans to spend $50,000 on the development of a new product. Using the NPV formula with an IRR of 9% yields $65,651. An IRR of 10% yields $55,980, and an IRR of 11% yields $50,000. What is the estimated IRR of this new product development?

After pilot manufacturing is completed, the next step is to move immediately to full-scale production.

QFD, in a product development context, refers to?

Evaluating a product's carbon footprint, energy usage, air acidification impact, and water contamination profile occurs during what type of assessment?

A firm that modifies a product design to utilize fewer parts and a "snap-in" design rather than screws is likely using which concept?

On a service blueprint, the line that delineates between the activities that the customer sees and those not seen by customers is called the?

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

"What is the break-even point?" is what type of product screening issue?

The process of making decisions about the characteristics, features, and performance of a company's goods and services refers to?

IBM and Microsoft are both well known for basic research accomplishments.

Which of the following combinations of success and failure related to modifying corporate core competencies is correct?

Concurrent engineering team member participation is likely to lead to what types of changes to the numbers of product design, processing and operating problems?

Strategic fit requires alignment of product design with?

Idea generation is the first stage of the product development process.

Product screening issue categories include all of the following except?

A hotel relying on another firm to provide housekeeping services is likely utilizing a?

A toy maker hires an outside firm to perform product assembly. This is an example of the use of?

The first stage of the product development process is?

Product packaging is likely to be of little importance when considering sustainability.

Closed or partitioned workspaces are becoming increasingly common.

A firm plans to spend $50,000 on the development of a new product. Using the NPV formula with an IRR of 9% yields $65,651. An IRR of 10% yields $55,980, and an IRR of 11% yields $50,000. What is the estimated IRR of this new product development?

After pilot manufacturing is completed, the next step is to move immediately to full-scale production.

QFD, in a product development context, refers to?

Evaluating a product's carbon footprint, energy usage, air acidification impact, and water contamination profile occurs during what type of assessment?

A firm that modifies a product design to utilize fewer parts and a "snap-in" design rather than screws is likely using which concept?

On a service blueprint, the line that delineates between the activities that the customer sees and those not seen by customers is called the?

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