Question 1

Because of statistical fluctuation (processing times vary around an average processing time), dependent sequences can operate without any inventory between workstations.

Accepted Answer

A) True 
 B)False

Question 2

One way to find a bottleneck is to run a capacity resource profile.

Accepted Answer

A) True 
 B)False

Question 3

The "dollar days" inventory measurement results from a complex algorithm used to compute individual units of inventory and their respective ordering and holding costs.

Accepted Answer

A) True 
 B)False

Question 4

According to the theory of constraints, which of the following is a financial measurement that can be used to measure the firm's ability to make money?

Accepted Answer

A) Operating expenses 
B) Cash flow 
C) Inventory 
D) Sales 
E) Dividends 
A) Operating expenses 
B) Cash flow 
C) Inventory 
D) Sales 
E) Dividends

Question 5

JIT requires a stable production level.When compared to synchronous manufacturing, this is viewed as a negative aspect of JIT.

Accepted Answer

A) True 
 B)False

Question 6

Larger transfer batches give shorter lead times and lower inventories, and there is more material handling than smaller transfer batches.

Accepted Answer

A) True 
 B)False

Question 7

The synchronous manufacturing approach uses backward scheduling.

Accepted Answer

A) True 
 B)False

Question 8

The operational measure of throughput is "the rate at which money is generated by the system through production of goods and services that might be sold."

Accepted Answer

A) True 
 B)False

Question 9

According to the theory of constraints, capacity is the time available for production.

Accepted Answer

A) True 
 B)False

Question 10

OPT stands for optimal purchasing technique.

Accepted Answer

A) True 
 B)False

Question 11

According to the theory of constraints, a bottleneck is any resource whose capacity is greater than the demand placed on it.

Accepted Answer

A) True 
 B)False

Question 12

Statistical fluctuation refers to the normal variation about a mean or average.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is one of Dr.Eli Goldratt's rules of production scheduling for optimized production technology?

Accepted Answer

A) Utilization and activation of a resource are not the same. 
B) Do not allow bottlenecks to govern the flow of the line. 
C) An hour lost at a bottleneck saves an hour for the entire system. 
D) Balance the capacities, not the flows. 
E) The level of utilization of a bottleneck resource is not determined by its own potential but by some other constraint in the system. 
A) Utilization and activation of a resource are not the same. 
B) Do not allow bottlenecks to govern the flow of the line. 
C) An hour lost at a bottleneck saves an hour for the entire system. 
D) Balance the capacities, not the flows. 
E) The level of utilization of a bottleneck resource is not determined by its own potential but by some other constraint in the system.

Question 14

The effects of statistical variations in processing times in a dependent sequence will eventually cancel themselves out due to the law of averages.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is not an important concept in TOC?

Accepted Answer

A) CCR 
B) Rope 
C) Drum 
D) Buffer 
E) File 
A) CCR 
B) Rope 
C) Drum 
D) Buffer 
E) File

Question 16

A synchronous manufacturing system does not have excess capacity throughout the system, except for the bottleneck.

Accepted Answer

A) True 
 B)False

Question 17

Mr.Goldratt's "theory of constraints" is useful only in manufacturing settings.

Accepted Answer

A) True 
 B)False

Question 18

Transfer batch is another term for process batch.

Accepted Answer

A) True 
 B)False

Question 19

According to the theory of constraints, it is wrong for manufacturers to try to match capacity with demand by attempting to balance capacity across a sequence of processes.Unbalanced capacity is better.

Accepted Answer

A) True 
 B)False

Question 20

Dr.Eli Goldratt feels that the goal of a firm is to make useful products efficiently.

Accepted Answer

A) True 
 B)False

Exam 23: Theory of Constraints

Because of statistical fluctuation (processing times vary around an average processing time), dependent sequences can operate without any inventory between workstations.

One way to find a bottleneck is to run a capacity resource profile.

The "dollar days" inventory measurement results from a complex algorithm used to compute individual units of inventory and their respective ordering and holding costs.

According to the theory of constraints, which of the following is a financial measurement that can be used to measure the firm's ability to make money?

JIT requires a stable production level.When compared to synchronous manufacturing, this is viewed as a negative aspect of JIT.

Larger transfer batches give shorter lead times and lower inventories, and there is more material handling than smaller transfer batches.

The synchronous manufacturing approach uses backward scheduling.

The operational measure of throughput is "the rate at which money is generated by the system through production of goods and services that might be sold."

According to the theory of constraints, capacity is the time available for production.

OPT stands for optimal purchasing technique.

According to the theory of constraints, a bottleneck is any resource whose capacity is greater than the demand placed on it.

Statistical fluctuation refers to the normal variation about a mean or average.

Which of the following is one of Dr.Eli Goldratt's rules of production scheduling for optimized production technology?

The effects of statistical variations in processing times in a dependent sequence will eventually cancel themselves out due to the law of averages.

Which of the following is not an important concept in TOC?

A synchronous manufacturing system does not have excess capacity throughout the system, except for the bottleneck.

Mr.Goldratt's "theory of constraints" is useful only in manufacturing settings.

Transfer batch is another term for process batch.

According to the theory of constraints, it is wrong for manufacturers to try to match capacity with demand by attempting to balance capacity across a sequence of processes.Unbalanced capacity is better.

Dr.Eli Goldratt feels that the goal of a firm is to make useful products efficiently.

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