Question 1

Which of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?

Accepted Answer

A) materials planning 
B) decision-tree analysis 
C) break-even analysis 
D) value analysis 
E) process control 
A) materials planning 
B) decision-tree analysis 
C) break-even analysis 
D) value analysis 
E) process control D

Question 2

JIT is based on the management philosophy that products should be manufactured only in the quantities customers require.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following ratios would be most useful to obtain quantitative information on the company's inventory management processes?

Accepted Answer

A) activity ratio 
B) profitability ratio 
C) liquidity ratio 
D) leverage ratio 
E) solvency ratio 
A) activity ratio 
B) profitability ratio 
C) liquidity ratio 
D) leverage ratio 
E) solvency ratio A

Question 4

Quality assurance is a(n)________.

Accepted Answer

A) process used to determine how many products should be inspected to calculate a probability that the total number of products will meet organizational quality standards 
B) process used to determine the number of products to be inspected during a random check 
C) standardized system used by organizations to measure employee performance in achieving the desired quality 
D) consortium of a small group of workers who meet with management to discuss quality-related problems 
E) operations process involving a broad group of activities aimed at achieving the organization's quality objectives 
A) process used to determine how many products should be inspected to calculate a probability that the total number of products will meet organizational quality standards 
B) process used to determine the number of products to be inspected during a random check 
C) standardized system used by organizations to measure employee performance in achieving the desired quality 
D) consortium of a small group of workers who meet with management to discuss quality-related problems 
E) operations process involving a broad group of activities aimed at achieving the organization's quality objectives

Question 5

Altratex is the manufacturer of electronic power stabilizers.The company has spent $50,000 toward the purchase of capital goods and machinery.It has also paid $8,000 toward annual building maintenance and $1,500 for annual insurance premium.The company has 15 permanent employees who earn an annual salary of $1,500 each.The company pays a 10 percent commission to retailers.The other variable costs for producing a stabilizer is $15.How many units should the company sell in order to recover its investment if each unit is priced at $40?

Accepted Answer

A) 2175 
B) 4579 
C) 3132 
D) 3905 
E) 2833 
A) 2175 
B) 4579 
C) 3132 
D) 3905 
E) 2833

Question 6

Which of the following is the best example of a shop-floor control activity?

Accepted Answer

A) designing jobs 
B) storing inventory 
C) scheduling work 
D) purchasing materials 
E) controlling inventory 
A) designing jobs 
B) storing inventory 
C) scheduling work 
D) purchasing materials 
E) controlling inventory

Question 7

What is productivity and how is it important to organizations?

Accepted Answer

Productivity is the relationship between

Question 8

A manufacturing company that produces plastic products creates a plan that outlines the different ways of managing the transformation process.The plan contains detailed information about aspects such as the handling of materials,operation of the assembly line,and the labor used in production.This plan of action is called a ________ strategy.

Accepted Answer

A) process 
B) product 
C) development 
D) layout 
E) capacity 
A) process 
B) product 
C) development 
D) layout 
E) capacity

Question 9

A system is a flow of interrelated events toward a goal,purpose,or end.

Accepted Answer

A) True 
 B)False

Question 10

Pure-breakdown policy involves regular activities such as machine adjustments,lubrication,cleaning,parts replacement,and painting.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is the best example of a control tool that could be used at all stages of operations?

Accepted Answer

A) quality inspections 
B) value statements 
C) labor force planning 
D) capacity planning 
E) layout strategies 
A) quality inspections 
B) value statements 
C) labor force planning 
D) capacity planning 
E) layout strategies

Question 12

Inventory turnover is an example of a(n)________ ratio.

Accepted Answer

A) operations 
B) profitability 
C) liquidity 
D) activity 
E) leverage 
A) operations 
B) profitability 
C) liquidity 
D) activity 
E) leverage

Question 13

________ refers to the relationship between the total amount of goods or services being produced and the organizational resources needed to produce them.

Accepted Answer

A) Productivity 
B) Zero-base measure 
C) Control factor 
D) Quality assurance 
E) Break-even ratio 
A) Productivity 
B) Zero-base measure 
C) Control factor 
D) Quality assurance 
E) Break-even ratio

Question 14

Production is the transformation of organizational resources into products.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) Loss 
B) Depreciation 
C) Asset purchase costs 
D) Break-even point 
E) Inflationary costs 
A) Loss 
B) Depreciation 
C) Asset purchase costs 
D) Break-even point 
E) Inflationary costs

Question 16

What are the potential pitfalls of budgets?

Accepted Answer

The following are some of the disadvanta

Question 17

Which of the following process strategies is characteristic of the auto and appliance industries?

Accepted Answer

A) repetitive process 
B) continuous process 
C) flexible process 
D) job-shop process 
E) low-volume process 
A) repetitive process 
B) continuous process 
C) flexible process 
D) job-shop process 
E) low-volume process

Question 18

Explain and discuss the concept of operations strategies.

Accepted Answer

Operations strategies are specific plans

Question 19

The fixed-position layout is one in which the resources are stationary while the products flow from one resource to another.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) construct large plants that perform all the value adding activities 
B) produce more than the actual demand to minimize customer dissatisfaction 
C) build large specialized plants to concentrate all the tasks at one place 
D) construct smaller and more specialized plants that focus on a few tasks 
E) produce less than the actual demand to reduce the costs of operation 
A) construct large plants that perform all the value adding activities 
B) produce more than the actual demand to minimize customer dissatisfaction 
C) build large specialized plants to concentrate all the tasks at one place 
D) construct smaller and more specialized plants that focus on a few tasks 
E) produce less than the actual demand to reduce the costs of operation

Which of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?

JIT is based on the management philosophy that products should be manufactured only in the quantities customers require.

Which of the following ratios would be most useful to obtain quantitative information on the company's inventory management processes?

Quality assurance is a(n)________.

Which of the following is the best example of a shop-floor control activity?

What is productivity and how is it important to organizations?

A system is a flow of interrelated events toward a goal,purpose,or end.

Pure-breakdown policy involves regular activities such as machine adjustments,lubrication,cleaning,parts replacement,and painting.

Which of the following is the best example of a control tool that could be used at all stages of operations?

Inventory turnover is an example of a(n)________ ratio.

________ refers to the relationship between the total amount of goods or services being produced and the organizational resources needed to produce them.

Production is the transformation of organizational resources into products.

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

What are the potential pitfalls of budgets?

Which of the following process strategies is characteristic of the auto and appliance industries?

Explain and discuss the concept of operations strategies.

The fixed-position layout is one in which the resources are stationary while the products flow from one resource to another.

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

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Management and Entrepreneurship

Principles of Planning

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Filters

Exam 21: Production and Control

Which of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?

JIT is based on the management philosophy that products should be manufactured only in the quantities customers require.

Which of the following ratios would be most useful to obtain quantitative information on the company's inventory management processes?

Quality assurance is a(n)________.

Which of the following is the best example of a shop-floor control activity?

What is productivity and how is it important to organizations?

A system is a flow of interrelated events toward a goal,purpose,or end.

Pure-breakdown policy involves regular activities such as machine adjustments,lubrication,cleaning,parts replacement,and painting.

Which of the following is the best example of a control tool that could be used at all stages of operations?

Inventory turnover is an example of a(n)________ ratio.

________ refers to the relationship between the total amount of goods or services being produced and the organizational resources needed to produce them.

Production is the transformation of organizational resources into products.

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

What are the potential pitfalls of budgets?

Which of the following process strategies is characteristic of the auto and appliance industries?

Explain and discuss the concept of operations strategies.

The fixed-position layout is one in which the resources are stationary while the products flow from one resource to another.

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

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Management and Entrepreneurship

Principles of Planning

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Filters