Question 1

Evaluating a product idea to determine its likelihood of success is

Accepted Answer

A) product screening 
B) estimating 
C) technological forecasting 
D) product windowing 
E) product evolution 
A) product screening 
B) estimating 
C) technological forecasting 
D) product windowing 
E) product evolution

Question 2

For which of the following is break-even analysis not appropriate?

Accepted Answer

A) deciding how much of a product must be sold to make a profit 
B) evaluating different processes 
C) deciding whether it is better to make or buy a product 
D) deciding between different products 
E) deciding how to allocate overhead 
A) deciding how much of a product must be sold to make a profit 
B) evaluating different processes 
C) deciding whether it is better to make or buy a product 
D) deciding between different products 
E) deciding how to allocate overhead

Question 3

There is a pure mathematical formula to making the decision to pursue a specific idea.

Accepted Answer

A) True 
 B)False

Question 4

What type of process is designed to produce a large volume of a standardized product for mass production, such as automobiles?

Accepted Answer

A) project processes 
B) batch processes 
C) line processes 
D) continuous processes 
E) recycle processes 
A) project processes 
B) batch processes 
C) line processes 
D) continuous processes 
E) recycle processes

Question 5

Bazooka Company is thinking about introducing a new type of color printer. If they introduce it, their factory will incur additional fixed costs of $37,000,000 per year. The variable costs will be $261 per printer.
a)If Bazooka sells the new printer for $819, how many must they sell to break even?
b)If Bazooka sells 70,000 of the new printer at the $819 price, what will the contribution to profit be?

Accepted Answer

a)66,308 printers (Q_BE = F/(SP -

Question 6

Firms that have areas that have little customer contact and others with high customer contact are classified as _________ services.

Accepted Answer

A) pure services 
B) quasi-manufacturing 
C) quasi-services 
D) mixed services 
E) manufacturing 
A) pure services 
B) quasi-manufacturing 
C) quasi-services 
D) mixed services 
E) manufacturing

Question 7

What is the break-even volume given a fixed cost of $15,000,000, a variable cost per unit of $2.30, and a selling price of $12.80?

Accepted Answer

1,428,571 units (Q_BE =

Question 8

Intermittent operations group their resources based on

Accepted Answer

A) requirements of the product 
B) similar operations or functions 
C) shape of the shop floor 
D) abilities of the labor force 
E) the number of machines 
A) requirements of the product 
B) similar operations or functions 
C) shape of the shop floor 
D) abilities of the labor force 
E) the number of machines

Question 9

Lands' End is a well-known benchmarking target because of its __________ .

Accepted Answer

A) catalog business 
B) supply chain management 
C) success at resolving complaints 
D) labor relations 
E) environmental policies 
A) catalog business 
B) supply chain management 
C) success at resolving complaints 
D) labor relations 
E) environmental policies

Question 10

Benchmarking should only be performed against firms in similar lines of business with our own.

Accepted Answer

A) True 
 B)False

Question 11

Name some sources for ideas for new products.

Accepted Answer

customers, competito

Question 12

What type of machine is controlled by a computer and can do a variety of tasks, such as drilling, boring, or turning parts of different sizes and shapes?

Accepted Answer

A) numerically controlled 
B) variable turning 
C) flexible driven 
D) non-calculating 
E) next component 
A) numerically controlled 
B) variable turning 
C) flexible driven 
D) non-calculating 
E) next component

Question 13

Substituting technology for people has been argued to reduce what in the service delivery?

Accepted Answer

uncertaint

Question 14

Which product and service strategy has the longest delivery lead time?

Accepted Answer

A) assemble-to-deliver 
B) make-to-stock 
C) assemble-to-order 
D) make-to-order 
E) make-to-package 
A) assemble-to-deliver 
B) make-to-stock 
C) assemble-to-order 
D) make-to-order 
E) make-to-package

Question 15

Which product and service strategy is typically seen in repetitive operations?

Accepted Answer

A) assemble-to-deliver 
B) make-to-stock 
C) assemble-to-order 
D) make-to-order 
E) make-to-package 
A) assemble-to-deliver 
B) make-to-stock 
C) assemble-to-order 
D) make-to-order 
E) make-to-package

Question 16

What is the break-even price if fixed cost = 100, variable cost = 7, and selling price = 9?

Accepted Answer

50. The break-even quantity formula, (fo

Question 17

The classes that you are taking at the university use a ___________ process.

Accepted Answer

A) project 
B) batch 
C) line 
D) continuous 
E) recycle 
A) project 
B) batch 
C) line 
D) continuous 
E) recycle

Question 18

Which of the following is a disadvantage of automation?

Accepted Answer

A) inflexibility for product and process changes 
B) inconsistency of products 
C) inefficiency for producing large volumes 
D) harder to monitor quality 
E) frequent interruptions of production 
A) inflexibility for product and process changes 
B) inconsistency of products 
C) inefficiency for producing large volumes 
D) harder to monitor quality 
E) frequent interruptions of production

Question 19

If a firm has fixed costs of $200,000, variable costs of $100 per unit, and it hopes to sell 1000 units, what selling price must it charge in order to break even?

Accepted Answer

$300 (SP = F/ Q_BE+ VC

Question 20

All product designs begin with ____________ .

Accepted Answer

A) a blueprint 
B) a cost analysis 
C) an idea 
D) a feasibility study 
E) a focus group 
A) a blueprint 
B) a cost analysis 
C) an idea 
D) a feasibility study 
E) a focus group

Evaluating a product idea to determine its likelihood of success is

For which of the following is break-even analysis not appropriate?

There is a pure mathematical formula to making the decision to pursue a specific idea.

What type of process is designed to produce a large volume of a standardized product for mass production, such as automobiles?

Firms that have areas that have little customer contact and others with high customer contact are classified as _________ services.

What is the break-even volume given a fixed cost of $15,000,000, a variable cost per unit of $2.30, and a selling price of $12.80?

Intermittent operations group their resources based on

Lands' End is a well-known benchmarking target because of its __________ .

Benchmarking should only be performed against firms in similar lines of business with our own.

Name some sources for ideas for new products.

What type of machine is controlled by a computer and can do a variety of tasks, such as drilling, boring, or turning parts of different sizes and shapes?

Substituting technology for people has been argued to reduce what in the service delivery?

Which product and service strategy has the longest delivery lead time?

Which product and service strategy is typically seen in repetitive operations?

What is the break-even price if fixed cost = 100, variable cost = 7, and selling price = 9?

The classes that you are taking at the university use a ___________ process.

Which of the following is a disadvantage of automation?

If a firm has fixed costs of $200,000, variable costs of $100 per unit, and it hopes to sell 1000 units, what selling price must it charge in order to break even?

All product designs begin with ____________ .

Introduction to Operations Management

Operations Strategy and Competitiveness

E-Commerce and Supply Chain Management

Total Quality Management

Statistical Quality Control

Just-In-Time and Lean Systems

Forecasting

Capacity Planning and Facility Location

Facility Layout

Work System Design

Independent Demand Inventory Management

Aggregate Planning

Resource Planning

Scheduling

Project Management

Spreadsheet Modeling: an Introduction

Spreadsheet Modeling: an Introduction

Waiting Line Models

Master Scheduling and Rough-Cut Capacity Planning

Filters

Exam 3: Product Design and Process Selection

Evaluating a product idea to determine its likelihood of success is

For which of the following is break-even analysis not appropriate?

There is a pure mathematical formula to making the decision to pursue a specific idea.

What type of process is designed to produce a large volume of a standardized product for mass production, such as automobiles?

Firms that have areas that have little customer contact and others with high customer contact are classified as _________ services.

What is the break-even volume given a fixed cost of $15,000,000, a variable cost per unit of $2.30, and a selling price of $12.80?

Intermittent operations group their resources based on

Lands' End is a well-known benchmarking target because of its __________ .

Benchmarking should only be performed against firms in similar lines of business with our own.

Name some sources for ideas for new products.

What type of machine is controlled by a computer and can do a variety of tasks, such as drilling, boring, or turning parts of different sizes and shapes?

Substituting technology for people has been argued to reduce what in the service delivery?

Which product and service strategy has the longest delivery lead time?

Which product and service strategy is typically seen in repetitive operations?

What is the break-even price if fixed cost = 100, variable cost = 7, and selling price = 9?

The classes that you are taking at the university use a ___________ process.

Which of the following is a disadvantage of automation?

If a firm has fixed costs of $200,000, variable costs of $100 per unit, and it hopes to sell 1000 units, what selling price must it charge in order to break even?

All product designs begin with ____________ .

Introduction to Operations Management

Operations Strategy and Competitiveness

E-Commerce and Supply Chain Management

Total Quality Management

Statistical Quality Control

Just-In-Time and Lean Systems

Forecasting

Capacity Planning and Facility Location

Facility Layout

Work System Design

Independent Demand Inventory Management

Aggregate Planning

Resource Planning

Scheduling

Project Management

Spreadsheet Modeling: an Introduction

Spreadsheet Modeling: an Introduction

Waiting Line Models

Master Scheduling and Rough-Cut Capacity Planning

Filters