Question 1

Needles, Inc., has five of its ten products at the end of the product life cycle.To maintain its market share, the firm must at least find ways to

Accepted Answer

A)  reduce the cost of marketing its products. 
B)  cut manufacturing costs. 
C)  extend or refine the want-satisfying capability of its products. 
D)  reduce the number of employees. 
E)  increase the price of the product. 
A)  reduce the cost of marketing its products. 
B)  cut manufacturing costs. 
C)  extend or refine the want-satisfying capability of its products. 
D)  reduce the number of employees. 
E)  increase the price of the product.

Question 2

CAD stands for "computer-assisted development programmes."

Accepted Answer

A) True 
 B)False

Question 3

Operations control includes all of the following except

Accepted Answer

A)  scheduling. 
B)  inventory control. 
C)  basic research. 
D)  purchasing. 
E)  quality control. 
A)  scheduling. 
B)  inventory control. 
C)  basic research. 
D)  purchasing. 
E)  quality control.

Question 4

A set of statistical techniques used to sample both work in progress and finished products is called

Accepted Answer

A)  statistical quality control. 
B)  statistical process control. 
C)  quality circles. 
D)  inspection circles. 
E)  avoidance circles. 
A)  statistical quality control. 
B)  statistical process control. 
C)  quality circles. 
D)  inspection circles. 
E)  avoidance circles.

Question 5

When Panasonic improves the sound, clarity, and ease of operation offered by its Blu-Ray players, it is

Accepted Answer

A)  shortening its product life cycle. 
B)  extending its basic research. 
C)  redistributing its product. 
D)  refining its existing product. 
E)  reducing the DVD player's functionality. 
A)  shortening its product life cycle. 
B)  extending its basic research. 
C)  redistributing its product. 
D)  refining its existing product. 
E)  reducing the DVD player's functionality.

Question 6

The first step in applying PERT is to

Accepted Answer

A)  estimate the time required for each activity and mark it on the corresponding arrow. 
B)  identify all of the major activities involved in the project. 
C)  arrange the events in a sequence. 
D)  use arrows, representing activities, to connect events that must occur in sequence. 
E)  identify the critical path. 
A)  estimate the time required for each activity and mark it on the corresponding arrow. 
B)  identify all of the major activities involved in the project. 
C)  arrange the events in a sequence. 
D)  use arrows, representing activities, to connect events that must occur in sequence. 
E)  identify the critical path.

Question 7

Deciding on the product line involves balancing customer preferences and production requirements.

Accepted Answer

A) True 
 B)False

Question 8

An analytical process breaks raw materials into different component parts.

Accepted Answer

A) True 
 B)False

Question 9

During the design planning stage for its new appliances, Torr, Inc.needs to determine how many different product variations there will be.This is the same as determining the product

Accepted Answer

A)  features. 
B)  life cycles. 
C)  line. 
D)  prices. 
E)  availability. 
A)  features. 
B)  life cycles. 
C)  line. 
D)  prices. 
E)  availability.

Question 10

Ford produces a wide variety of vehicles for individuals, businesses, manufacturers, and even schools.It also operates its own financing division, Ford Motor Acceptance Corp.It seems as if Ford

Accepted Answer

A)  focuses on financial resources. 
B)  has a small magnitude. 
C)  has few production processes. 
D)  has many production processes. 
E)  is a service business. 
A)  focuses on financial resources. 
B)  has a small magnitude. 
C)  has few production processes. 
D)  has many production processes. 
E)  is a service business.

Question 11

Cisco Systems manufactures computer hardware, uses software programmes, and provides networking services to customers.As a result, Cisco uses

Accepted Answer

A)  research implementation. 
B)  more than one production process. 
C)  a complex magnitude of change. 
D)  basic research applications. 
E)  multiple outputs. 
A)  research implementation. 
B)  more than one production process. 
C)  a complex magnitude of change. 
D)  basic research applications. 
E)  multiple outputs.

Question 12

The major objective of quality control is to see that the organisation produces no imperfect products.

Accepted Answer

A) True 
 B)False

Question 13

The cost of running out of inventory is referred to as a holding cost.

Accepted Answer

A) True 
 B)False

Question 14

The major resource or resources that comprise the major input for a conversion process is often referred to as the focus.

Accepted Answer

A) True 
 B)False

Question 15

Technology that is characterised by low initial costs and high operating costs is termed

Accepted Answer

A)  a quality circle. 
B)  capital-intensive. 
C)  an industrial installation. 
D)  labour-intensive. 
E)  a process layout. 
A)  a quality circle. 
B)  capital-intensive. 
C)  an industrial installation. 
D)  labour-intensive. 
E)  a process layout.

Question 16

A government-funded group of scientists is assigned to discover new knowledge and scientific advances.These scientists are not required to consider the potential use of this knowledge.This group is conducting

Accepted Answer

A)  development and implementation. 
B)  research for product life cycles. 
C)  applied research. 
D)  academic research and development. 
E)  basic research. 
A)  development and implementation. 
B)  research for product life cycles. 
C)  applied research. 
D)  academic research and development. 
E)  basic research.

Question 17

The ____ function specifies when the materials will arrive at each station and how long they will remain there.

Accepted Answer

A)  routing 
B)  timing 
C)  efficient manufacturing 
D)  tactical 
E)  analysis 
A)  routing 
B)  timing 
C)  efficient manufacturing 
D)  tactical 
E)  analysis

Question 18

Automation is characterised by low initial costs and high operating costs.

Accepted Answer

A) True 
 B)False

Question 19

The just-in-time inventory system focuses on minimising

Accepted Answer

A)  scheduling. 
B)  materials resource planning. 
C)  stock-out costs. 
D)  customer complaints. 
E)  storage and holding costs. 
A)  scheduling. 
B)  materials resource planning. 
C)  stock-out costs. 
D)  customer complaints. 
E)  storage and holding costs.

Question 20

In supplier selection, the main idea is to find the highest-quality materials available.

Accepted Answer

A) True 
 B)False

Needles, Inc., has five of its ten products at the end of the product life cycle.To maintain its market share, the firm must at least find ways to

CAD stands for "computer-assisted development programmes."

Operations control includes all of the following except

A set of statistical techniques used to sample both work in progress and finished products is called

When Panasonic improves the sound, clarity, and ease of operation offered by its Blu-Ray players, it is

The first step in applying PERT is to

Deciding on the product line involves balancing customer preferences and production requirements.

An analytical process breaks raw materials into different component parts.

During the design planning stage for its new appliances, Torr, Inc.needs to determine how many different product variations there will be.This is the same as determining the product

Ford produces a wide variety of vehicles for individuals, businesses, manufacturers, and even schools.It also operates its own financing division, Ford Motor Acceptance Corp.It seems as if Ford

Cisco Systems manufactures computer hardware, uses software programmes, and provides networking services to customers.As a result, Cisco uses

The major objective of quality control is to see that the organisation produces no imperfect products.

The cost of running out of inventory is referred to as a holding cost.

The major resource or resources that comprise the major input for a conversion process is often referred to as the focus.

Technology that is characterised by low initial costs and high operating costs is termed

A government-funded group of scientists is assigned to discover new knowledge and scientific advances.These scientists are not required to consider the potential use of this knowledge.This group is conducting

The ____ function specifies when the materials will arrive at each station and how long they will remain there.

Automation is characterised by low initial costs and high operating costs.

The just-in-time inventory system focuses on minimising

In supplier selection, the main idea is to find the highest-quality materials available.

Introduction to Business

Responsible Business

Global Business

Types of Business Ownership

Small Business, Entrepreneurship, and Franchises

Leadership and Managing a Business

Flexibility Within the Organisation

Recruitment and Retaining the Best Employees

Employee Motivation and Team Building

The Marketing Concept

Aproduct Development and Pricing Strategies

Marketing Channels

Marketing Communications

Social Media and E-Business

Introduction to Management Accounting

Money and the Banking System

Financial Management

Personal Finances and Investments

Filters

Exam 8: Products and Services

Needles, Inc., has five of its ten products at the end of the product life cycle.To maintain its market share, the firm must at least find ways to

CAD stands for "computer-assisted development programmes."

Operations control includes all of the following except

A set of statistical techniques used to sample both work in progress and finished products is called

When Panasonic improves the sound, clarity, and ease of operation offered by its Blu-Ray players, it is

The first step in applying PERT is to

Deciding on the product line involves balancing customer preferences and production requirements.

An analytical process breaks raw materials into different component parts.

During the design planning stage for its new appliances, Torr, Inc.needs to determine how many different product variations there will be.This is the same as determining the product

Ford produces a wide variety of vehicles for individuals, businesses, manufacturers, and even schools.It also operates its own financing division, Ford Motor Acceptance Corp.It seems as if Ford

Cisco Systems manufactures computer hardware, uses software programmes, and provides networking services to customers.As a result, Cisco uses

The major objective of quality control is to see that the organisation produces no imperfect products.

The cost of running out of inventory is referred to as a holding cost.

The major resource or resources that comprise the major input for a conversion process is often referred to as the focus.

Technology that is characterised by low initial costs and high operating costs is termed

A government-funded group of scientists is assigned to discover new knowledge and scientific advances.These scientists are not required to consider the potential use of this knowledge.This group is conducting

The ____ function specifies when the materials will arrive at each station and how long they will remain there.

Automation is characterised by low initial costs and high operating costs.

The just-in-time inventory system focuses on minimising

In supplier selection, the main idea is to find the highest-quality materials available.

Introduction to Business

Responsible Business

Global Business

Types of Business Ownership

Small Business, Entrepreneurship, and Franchises

Leadership and Managing a Business

Flexibility Within the Organisation

Recruitment and Retaining the Best Employees

Employee Motivation and Team Building

The Marketing Concept

Aproduct Development and Pricing Strategies

Marketing Channels

Marketing Communications

Social Media and E-Business

Introduction to Management Accounting

Money and the Banking System

Financial Management

Personal Finances and Investments

Filters