Exam 15: Achieving World-class Operations Management
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Exam 15: Achieving World-class Operations Management153 Questions
Exam 16: Accounting for Financial Success156 Questions
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Which of the following combines computerized manufacturing processes with other computerized systems used before and after manufacturing?
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(Multiple Choice)
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Correct Answer:
C
The aspect of operations management in which the company considers its resources and its own strategic goals in an effort to determine the best production methods is known as production planning.
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(True/False)
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Correct Answer:
True
Which type of management emphasizes the use of quality principles in all aspects of a company's operations?
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(Multiple Choice)
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Correct Answer:
C
Suppose a part is redesigned in the computer-aided design system, and the changes are quickly transmitted both to the machines producing the part and to all other departments that need to know about and plan for the change. Which of the following systems is being used?
(Multiple Choice)
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List two commonly used techniques for streamlining a business's production.
(Short Answer)
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There is a standard approach to butchering a steer; however, after standardized preparation, the meat is tailored to meet individual needs and desires. This is an example of which type of production?
(Multiple Choice)
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Production involves converting inputs into outputs. Which of the following is NOT considered an input?
(Multiple Choice)
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Which of the following statements best describes reverse auctions?
(Multiple Choice)
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Quality control is the process of creating standards for quality, producing goods that meet them, and measuring finished products and services against them.
(True/False)
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Taco Bell does not chop the lettuce and tomatoes or grate the cheese used to make its menu items, but hires a company outside the restaurant to perform these tasks. Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food by doing which of the following?
(Multiple Choice)
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What is the way in which a good is made or a service is provided?
(Multiple Choice)
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Which of the following focuses on smoothing transitions along the supply chain so that the company can satisfy its customers with quality products and services while focusing on forging tighter bonds with its suppliers?
(Multiple Choice)
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What is the Japanese inventory system that minimizes inventory costs and provides those inputs as they are needed for a particular production run?
(Multiple Choice)
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Many companies keep a continuously updated list of inventory levels, orders, sales, and receipts. What is this type of inventory called?
(Multiple Choice)
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After product specifications are set, a company must decide whether to purchase or manufacture the parts that it needs. Which of the following identifies the type of decision required?
(Multiple Choice)
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Supply chain management is best described by which of the following?
(Multiple Choice)
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What percentage of a manufacturer's total costs can the costs of shipping raw materials and finished goods be?
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