Question 1

Describe lean systems and just-in-time (JIT)inventory systems.

Accepted Answer

Lean systems that maximize productivity

Question 2

Polar Refrigerator Company reduces its inventory carrying costs by having their vendors deliver materials right before they are needed in the production process.This is an example of ________ inventory management.

Accepted Answer

A)  discounted 
B)  PERT 
C)  JIT 
D)  buffered 
E)  economic order based 
A)  discounted 
B)  PERT 
C)  JIT 
D)  buffered 
E)  economic order based

Question 3

Explain how systems are found in a company.

Accepted Answer

A system is an interconnected and coordi

Question 4

Productivity is the measure of the efficiency at which an organization can convert inputs into outputs.

Accepted Answer

A) True 
 B)False

Question 5

Buxus Auto is a U.S manufacturer of automobiles.The company used to procure car accessories from a firm based in China.The quality of the parts the firm was receiving from China was below par and the firm decides to stop the purchase from China and procure the accessories from a U.S.based firm.This is an example of ________.

Accepted Answer

A)  offshoring 
B)  outsourcing 
C)  leveraging 
D)  reshoring 
E)  external valuation 
A)  offshoring 
B)  outsourcing 
C)  leveraging 
D)  reshoring 
E)  external valuation

Question 6

Explain the various ways in which an SCM can have a profound strategic impact on companies and the broader economy.

Accepted Answer

Managing risks:SCM can help companies ma

Question 7

Which of the following is a key difference between quality control and quality assurance?

Accepted Answer

A)  High level managers perform quality control whereas middle managers perform quality assurance. 
B)  Quality assurance is more proactive than quality control. 
C)  Quality assurance is a subset of quality control process. 
D)  Quality control is continuous, whereas quality assurance is intermittent. 
E)  Quality control is typically preferred by organizations that focus on quality. 
A)  High level managers perform quality control whereas middle managers perform quality assurance. 
B)  Quality assurance is more proactive than quality control. 
C)  Quality assurance is a subset of quality control process. 
D)  Quality control is continuous, whereas quality assurance is intermittent. 
E)  Quality control is typically preferred by organizations that focus on quality.

Question 8

What is production and operations management?

Accepted Answer

The term production and operations manag

Question 9

________ refers to measuring quality against established standards after the good or service has been produced and weeding out any defective products.

Accepted Answer

A)  Statistical process control 
B)  Quality assurance 
C)  Quality control 
D)  Continuous quality 
E)  Total quality management 
A)  Statistical process control 
B)  Quality assurance 
C)  Quality control 
D)  Continuous quality 
E)  Total quality management

Question 10

________ refers to the arrangement of production work centers and other elements needed to process goods and services.

Accepted Answer

A)  Supply chain 
B)  Facility layout 
C)  Capacity plan 
D)  Critical path 
E)  Production forecast 
A)  Supply chain 
B)  Facility layout 
C)  Capacity plan 
D)  Critical path 
E)  Production forecast

Question 11

Explain the significance of procurement in a business.

Accepted Answer

Procurement is the acquisition of the ra

Question 12

Compare and contrast the production of goods and services.

Accepted Answer

Perishability - Services are consumed at

Question 13

The manufacturing approach in which part of the product is mass produced and the remaining features are customized is known as ________.

Accepted Answer

A)  batch-of-one production 
B)  mass production 
C)  customized production 
D)  mass manufacturing 
E)  mass customization 
A)  batch-of-one production 
B)  mass production 
C)  customized production 
D)  mass manufacturing 
E)  mass customization

Question 14

Morkel Toys is a manufacturer of toys.The company produces tens of thousands of Barbie Dolls in its factories everyday.It uses large machinery to automate the production and the output is standardized.This is an example of ________.

Accepted Answer

A)  mass customization 
B)  batch-of-one production 
C)  mass production 
D)  customized production 
E)  mass personalization 
A)  mass customization 
B)  batch-of-one production 
C)  mass production 
D)  customized production 
E)  mass personalization

Question 15

Which of the following is the main purpose of just-in-time systems?

Accepted Answer

A)  disintermediation of distribution 
B)  bettering work scheduling 
C)  strategic analysis 
D)  capacity improvement 
E)  better inventory management 
A)  disintermediation of distribution 
B)  bettering work scheduling 
C)  strategic analysis 
D)  capacity improvement 
E)  better inventory management

Question 16

PERT diagrams are bar charts that show production managers what projects are being worked on and what stage they are in.

Accepted Answer

A) True 
 B)False

Question 17

________ include all the elements and processes from transforming raw materials to making the final products available to the ultimate customer.

Accepted Answer

A)  Customer chains 
B)  Supply webs 
C)  Value chains 
D)  Supply chains 
E)  Product cycles 
A)  Customer chains 
B)  Supply webs 
C)  Value chains 
D)  Supply chains 
E)  Product cycles

Question 18

Grinder is a manufacturer of aluminum and steel balls used in large machineries.The company periodically estimates the future demand of its products and bases manufacturing on this data.Such estimates of the company are called ________.

Accepted Answer

A)  operation plans 
B)  PERT reports 
C)  resource plans 
D)  critical paths 
E)  production forecasts 
A)  operation plans 
B)  PERT reports 
C)  resource plans 
D)  critical paths 
E)  production forecasts

Question 19

Goods and materials kept in stock for production or sale are called ________.

Accepted Answer

A)  supplies 
B)  inventory 
C)  layouts 
D)  system tools 
E)  production intermediaries 
A)  supplies 
B)  inventory 
C)  layouts 
D)  system tools 
E)  production intermediaries

Question 20

Which of the following is a legitimate disadvantage of offshoring?

Accepted Answer

A)  U.S. Consumers will be charged higher prices due to offshoring. 
B)  Global trade will decline if businesses offshore processes. 
C)  Customer responsiveness may suffer due to offshoring. 
D)  Customers will lack choice in many industries due to offshoring. 
E)  U.S. competitiveness will decrease if businesses offshore processes. 
A)  U.S. Consumers will be charged higher prices due to offshoring. 
B)  Global trade will decline if businesses offshore processes. 
C)  Customer responsiveness may suffer due to offshoring. 
D)  Customers will lack choice in many industries due to offshoring. 
E)  U.S. competitiveness will decrease if businesses offshore processes.

Describe lean systems and just-in-time (JIT)inventory systems.

Polar Refrigerator Company reduces its inventory carrying costs by having their vendors deliver materials right before they are needed in the production process.This is an example of ________ inventory management.

Explain how systems are found in a company.

Productivity is the measure of the efficiency at which an organization can convert inputs into outputs.

Explain the various ways in which an SCM can have a profound strategic impact on companies and the broader economy.

Which of the following is a key difference between quality control and quality assurance?

What is production and operations management?

________ refers to measuring quality against established standards after the good or service has been produced and weeding out any defective products.

________ refers to the arrangement of production work centers and other elements needed to process goods and services.

Explain the significance of procurement in a business.

Compare and contrast the production of goods and services.

The manufacturing approach in which part of the product is mass produced and the remaining features are customized is known as ________.

Morkel Toys is a manufacturer of toys.The company produces tens of thousands of Barbie Dolls in its factories everyday.It uses large machinery to automate the production and the output is standardized.This is an example of ________.

Which of the following is the main purpose of just-in-time systems?

PERT diagrams are bar charts that show production managers what projects are being worked on and what stage they are in.

________ include all the elements and processes from transforming raw materials to making the final products available to the ultimate customer.

Grinder is a manufacturer of aluminum and steel balls used in large machineries.The company periodically estimates the future demand of its products and bases manufacturing on this data.Such estimates of the company are called ________.

Goods and materials kept in stock for production or sale are called ________.

Which of the following is a legitimate disadvantage of offshoring?

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters

Exam 9: Production Systems

Describe lean systems and just-in-time (JIT)inventory systems.

Polar Refrigerator Company reduces its inventory carrying costs by having their vendors deliver materials right before they are needed in the production process.This is an example of ________ inventory management.

Explain how systems are found in a company.

Productivity is the measure of the efficiency at which an organization can convert inputs into outputs.

Explain the various ways in which an SCM can have a profound strategic impact on companies and the broader economy.

Which of the following is a key difference between quality control and quality assurance?

What is production and operations management?

________ refers to measuring quality against established standards after the good or service has been produced and weeding out any defective products.

________ refers to the arrangement of production work centers and other elements needed to process goods and services.

Explain the significance of procurement in a business.

Compare and contrast the production of goods and services.

The manufacturing approach in which part of the product is mass produced and the remaining features are customized is known as ________.

Morkel Toys is a manufacturer of toys.The company produces tens of thousands of Barbie Dolls in its factories everyday.It uses large machinery to automate the production and the output is standardized.This is an example of ________.

Which of the following is the main purpose of just-in-time systems?

PERT diagrams are bar charts that show production managers what projects are being worked on and what stage they are in.

________ include all the elements and processes from transforming raw materials to making the final products available to the ultimate customer.

Grinder is a manufacturer of aluminum and steel balls used in large machineries.The company periodically estimates the future demand of its products and bases manufacturing on this data.Such estimates of the company are called ________.

Goods and materials kept in stock for production or sale are called ________.

Which of the following is a legitimate disadvantage of offshoring?

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters