Exam 18: Production and Control

Which of the following is the best example of a control technique management could use to identify any problems or issues that may need to be addressed during their firm's operations and production stages?

An organization decides to improve its raw material handling process by buying a material handling crane. This is an example of using ________.

Which of the following statements is true about production in organizations?

________ is an operational plan of action outlining which goods and services an organization will produce and market.

Which of the following strategies involves a plan of action focused on ensuring the company has facilities necessary to meet future demands for goods and services?

Which of the following techniques is best suited to analyze the financial position of an organization?

Which of the following can be considered annual fixed costs for a publishing company?

Operational tools are often used as part of a firm's human resource strategy. Which of the following is an operational tool used to establish labor standards?

Which of the following is the best strategy that a company can use to improve organizational productivity?

Which of the following companies does your text say makes excellent use of robotics to improve warehouse productivity?

Briefly define the main points of strategies, systems, and processes.

________ is the amount of the total costs of producing a product that exceeds the total revenue gained from selling the product.

A flow of interrelated events toward a goal, purpose, or end is specifically referred to as a ________.

________ layout is a layout pattern that groups together similar types of equipment.

The total fixed cost of production in a manufacturing company is $50,000. The company sells its products at $15 and the variable costs associated with each unit sold is $10. Calculate the level of production at which the firm breaks even.

________ is a control technique that allows only significant deviations between planned and actual performance to be brought to a manager's attention.

Work methods analyses are completed by management as an operational tool that is performed for new or existing jobs to improve productivity and ensure the safety of workers.

Which of the following is the first stage in a cost control program?

Which of the following is an example of a modern capacity strategy?

A(n) ________ is an expense incurred by the organization regardless of the number of products produced.