Exam 1: Product Line Planning and the Systems Approach

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Discuss the type of worker who might prefer to work in a job shop environment.

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The current ratio of service jobs to manufacturing jobs is nearly four to one.

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Stage I companies have a high level of basic advantages that are unique to them,whereas Stage IV companies have virtually none.

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_____ is defined as starting from scratch to redesign a system,and is an appealing way to circumvent bureaucratic arthritis and successfully jump stages.

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The relevance of service to customers is of decreasing importance as part of the total package that the manufacturer must deliver.

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A general quantitative model that describes output is O = pt,where O is output per day.O changes as a function of the production rate per hour (p) and the length of time worked (t).

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Lee's Manufacturing plant and equipment cost $100 million and are estimated to have a lifetime of 20 years.Straight-line depreciation is to be used.Additional fixed costs per year are $7 million.Variable costs are $2 and the price per unit is $3.What will annual profit be if the annual volume is 15 million units?

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Jobs in the service industries pay better than jobs in manufacturing.

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The manufacturer can measure input in terms of the number of units of each kind of product it produces.

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A significant difference between the provision of services and manufacturing occurs because of

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In service,the conversion is successful if customers are willing to pay more for the services than it costs to provide them.

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The _____ are combined by the process,resulting in the production of units of goods or the creation of types of services after transformation.

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The _____ model depicts work being done.

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Cost management is not a key function associated with all aspects of P/OM.

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For the most part,expenses are readily categorized into _____ costs.

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It is not necessary to relate the company's stage of development to that of its competitors.

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Depreciation is calculated by dividing the cost of the investment by the number of years in the estimated lifetime of the investment.

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Using the systems approach to coordinate the business-unit team is essential to

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The sports team and its management is a good example of a purposeful effort that is hindered by the systems approach.

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Discuss the two key roles of quality assurance as they relate to the publishing process.

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