Question 1

The period of time over which an operational plan will be in effect is known as a

Accepted Answer

A)  planning horizon. 
B)  fiscal period. 
C)  quality circle. 
D)  process layout. 
E)  research period. 
A)  planning horizon. 
B)  fiscal period. 
C)  quality circle. 
D)  process layout. 
E)  research period.

Question 2

Which of the following statements is false in relation to choosing a supplier?

Accepted Answer

A)  Purchasers should consider price, quality, and reliability when choosing a supplier. 
B)  Purchasers should always be on the lookout for new suppliers. 
C)  Purchasers should ensure that the credit terms a supplier offers are agreeable to their company. 
D)  Purchasers should consider the quality of life for employees and management in the proposed location. 
E)  Purchasers should focus on having only one supplier for each material needed. 
A)  Purchasers should consider price, quality, and reliability when choosing a supplier. 
B)  Purchasers should always be on the lookout for new suppliers. 
C)  Purchasers should ensure that the credit terms a supplier offers are agreeable to their company. 
D)  Purchasers should consider the quality of life for employees and management in the proposed location. 
E)  Purchasers should focus on having only one supplier for each material needed.

Question 3

A common planning horizon for operational plans is one year.

Accepted Answer

A) True 
 B)False

Question 4

____ include(s) stocks of completed goods, work in process, and raw materials.

Accepted Answer

A)  Supplies 
B)  Holding goods 
C)  Inventories 
D)  Processed goods 
E)  Stock 
A)  Supplies 
B)  Holding goods 
C)  Inventories 
D)  Processed goods 
E)  Stock

Question 5

Clarence Durham is responsible for the production scheduling of the spark plug division of Ace Manufacturing.In developing the schedule, Clarence first identifies all the major activities involved in production and the events that correspond to the completion of each activity.Clarence will use this information to develop a(n)

Accepted Answer

A)  PERT chart. 
B)  activity chart. 
C)  time schedule. 
D)  inventory control chart. 
E)  operations control chart. 
A)  PERT chart. 
B)  activity chart. 
C)  time schedule. 
D)  inventory control chart. 
E)  operations control chart.

Question 6

When Company Tech decides to produce a new product line and determines the desired capacity and use of technology, the next step is to

Accepted Answer

A)  decide how big to build the new factory. 
B)  hire new workers for the facility. 
C)  decide whether to build a new plant or refurbish an existing plant. 
D)  determine which of the company's existing plants is best suited to produce the new product. 
E)  determine what the magnitude of the conversion process will be. 
A)  decide how big to build the new factory. 
B)  hire new workers for the facility. 
C)  decide whether to build a new plant or refurbish an existing plant. 
D)  determine which of the company's existing plants is best suited to produce the new product. 
E)  determine what the magnitude of the conversion process will be.

Question 7

As a scheduler, Amelia is concerned with the sequence of workstations that the materials will follow.This sequencing is called

Accepted Answer

A)  product flow. 
B)  critical path. 
C)  inventory control. 
D)  routing. 
E)  timing. 
A)  product flow. 
B)  critical path. 
C)  inventory control. 
D)  routing. 
E)  timing.

Question 8

Form utility is created by converting raw materials, people, finances, and information into finished products.

Accepted Answer

A) True 
 B)False

Question 9

Chevron and other refiners emphasise material resources in the conversion process.This implies that the material resources are the ____ of the conversion process.

Accepted Answer

A)  catalyst 
B)  technology 
C)  output 
D)  impetus 
E)  focus 
A)  catalyst 
B)  technology 
C)  output 
D)  impetus 
E)  focus

Question 10

Kraft combines elbow macaroni, cheese, and cardboard to make packages of Kraft Macaroni and Cheese.This most closely resembles a(n) ____ process.

Accepted Answer

A)  analytical 
B)  assembly 
C)  combined 
D)  synthetic 
E)  quantitative 
A)  analytical 
B)  assembly 
C)  combined 
D)  synthetic 
E)  quantitative

Question 11

A labour-intensive technology is one in which people must do most of the work.

Accepted Answer

A) True 
 B)False

Question 12

Today approximately ____ percent of workers are employed in service industries.

Accepted Answer

A)  28 
B)  47 
C)  62 
D)  87 
E)  94 
A)  28 
B)  47 
C)  62 
D)  87 
E)  94

Question 13

The objective of ____ is to decide on the amount of products or services each facility will produce during a specified period of time.

Accepted Answer

A)  design planning 
B)  strategic planning 
C)  operational planning 
D)  capacity planning 
E)  output specification 
A)  design planning 
B)  strategic planning 
C)  operational planning 
D)  capacity planning 
E)  output specification

Question 14

When a company successfully applies the just-in-time system, it minimises its inventory storage costs.

Accepted Answer

A) True 
 B)False

Question 15

At a Schlage Lock factory, many employees are needed to use tiny screwdrivers and other tools to carefully assemble the inner workings of door knobs and locks.They must sit at a station and look through a magnifying glass to complete this work.This production process could best be described as

Accepted Answer

A)  labour-intensive technology. 
B)  highly automated. 
C)  capital-intensive technology. 
D)  high capacity. 
E)  refined product design. 
A)  labour-intensive technology. 
B)  highly automated. 
C)  capital-intensive technology. 
D)  high capacity. 
E)  refined product design.

Question 16

A software manufacturer may seriously consider locating its facility in Silicon Valley because

Accepted Answer

A)  the great amounts of electricity that it will need will be readily available. 
B)  the costs of construction and buildings are low in California. 
C)  a highly skilled labour force with technology experience will be available. 
D)  labour rates are likely to be lower in this part of the world than in any other. 
E)  California is renowned for the exceptional tax benefits packages that it offers. 
A)  the great amounts of electricity that it will need will be readily available. 
B)  the costs of construction and buildings are low in California. 
C)  a highly skilled labour force with technology experience will be available. 
D)  labour rates are likely to be lower in this part of the world than in any other. 
E)  California is renowned for the exceptional tax benefits packages that it offers.

Question 17

To produce a BMW sport-utility vehicle, an operations manager must engage in all of the following activities except

Accepted Answer

A)  recruitment of human resources. 
B)  control of product quality. 
C)  effective use of planning. 
D)  inventory management. 
E)  control of production costs. 
A)  recruitment of human resources. 
B)  control of product quality. 
C)  effective use of planning. 
D)  inventory management. 
E)  control of production costs.

Question 18

Gantt charts force a manager to plan the steps required to get a job done and to specify time requirements for each part of the task.

Accepted Answer

A) True 
 B)False

Question 19

The process of creating a set of specifications from which the product can be produced is called

Accepted Answer

A)  technology. 
B)  research and development. 
C)  design planning. 
D)  product design. 
E)  a product line. 
A)  technology. 
B)  research and development. 
C)  design planning. 
D)  product design. 
E)  a product line.

Question 20

When firms use inspection to monitor quality, only the finished product is examined for defects or potential problems.

Accepted Answer

A) True 
 B)False

The period of time over which an operational plan will be in effect is known as a

Which of the following statements is false in relation to choosing a supplier?

A common planning horizon for operational plans is one year.

____ include(s) stocks of completed goods, work in process, and raw materials.

When Company Tech decides to produce a new product line and determines the desired capacity and use of technology, the next step is to

As a scheduler, Amelia is concerned with the sequence of workstations that the materials will follow.This sequencing is called

Form utility is created by converting raw materials, people, finances, and information into finished products.

Chevron and other refiners emphasise material resources in the conversion process.This implies that the material resources are the ____ of the conversion process.

Kraft combines elbow macaroni, cheese, and cardboard to make packages of Kraft Macaroni and Cheese.This most closely resembles a(n) ____ process.

A labour-intensive technology is one in which people must do most of the work.

Today approximately ____ percent of workers are employed in service industries.

The objective of ____ is to decide on the amount of products or services each facility will produce during a specified period of time.

When a company successfully applies the just-in-time system, it minimises its inventory storage costs.

At a Schlage Lock factory, many employees are needed to use tiny screwdrivers and other tools to carefully assemble the inner workings of door knobs and locks.They must sit at a station and look through a magnifying glass to complete this work.This production process could best be described as

A software manufacturer may seriously consider locating its facility in Silicon Valley because

To produce a BMW sport-utility vehicle, an operations manager must engage in all of the following activities except

Gantt charts force a manager to plan the steps required to get a job done and to specify time requirements for each part of the task.

The process of creating a set of specifications from which the product can be produced is called

When firms use inspection to monitor quality, only the finished product is examined for defects or potential problems.

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

The period of time over which an operational plan will be in effect is known as a

Which of the following statements is false in relation to choosing a supplier?

A common planning horizon for operational plans is one year.

____ include(s) stocks of completed goods, work in process, and raw materials.

When Company Tech decides to produce a new product line and determines the desired capacity and use of technology, the next step is to

As a scheduler, Amelia is concerned with the sequence of workstations that the materials will follow.This sequencing is called

Form utility is created by converting raw materials, people, finances, and information into finished products.

Chevron and other refiners emphasise material resources in the conversion process.This implies that the material resources are the ____ of the conversion process.

Kraft combines elbow macaroni, cheese, and cardboard to make packages of Kraft Macaroni and Cheese.This most closely resembles a(n) ____ process.

A labour-intensive technology is one in which people must do most of the work.

Today approximately ____ percent of workers are employed in service industries.

The objective of ____ is to decide on the amount of products or services each facility will produce during a specified period of time.

When a company successfully applies the just-in-time system, it minimises its inventory storage costs.

At a Schlage Lock factory, many employees are needed to use tiny screwdrivers and other tools to carefully assemble the inner workings of door knobs and locks.They must sit at a station and look through a magnifying glass to complete this work.This production process could best be described as

A software manufacturer may seriously consider locating its facility in Silicon Valley because

To produce a BMW sport-utility vehicle, an operations manager must engage in all of the following activities except

Gantt charts force a manager to plan the steps required to get a job done and to specify time requirements for each part of the task.

The process of creating a set of specifications from which the product can be produced is called

When firms use inspection to monitor quality, only the finished product is examined for defects or potential problems.

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