Question 1

The ABC Accountants do not standardize their service to customers because each customer has different needs.This is an example of _______ production.

Accepted Answer

A)  intermittent 
B)  continuous 
C)  custom 
D)  job-order 
A)  intermittent 
B)  continuous 
C)  custom 
D)  job-order

Question 2

Firms create _____,or want-satisfying power,by converting raw materials and other inputs into finished goods and services.

Accepted Answer

A) process layout 
B) LEED certification 
C) Gantt chart 
D) PERT chart 
E) inventory control
F)ISO
G)critical path
H)computer-integrated manufacturing
I)utility
J)perpetual inventory
K)materials requirement planning
L)standardization
M)routing
N)assembly line
O)robot
P)just-in-time
Q)benchmarking
R)synthetic production system
S)make, buy, or lease decision 
A) process layout 
B) LEED certification 
C) Gantt chart 
D) PERT chart 
E) inventory control
F)ISO
G)critical path
H)computer-integrated manufacturing
I)utility
J)perpetual inventory
K)materials requirement planning
L)standardization
M)routing
N)assembly line
O)robot
P)just-in-time
Q)benchmarking
R)synthetic production system
S)make, buy, or lease decision

Question 3

Discuss the factors a firm should consider when deciding whether to make,buy,or lease components.

Accepted Answer

One of the fundamental issues facing eve

Question 4

Boca Bearing Company produces 30 basic types of ball bearings.Its manufacturing system uses computer-controlled machining centers,robots,and remote-controlled carts to deliver materials.In addition,the system can be modified quickly to produce the different ball bearings.The manufacturing system that is described is a ________ system.

Accepted Answer

A)  computer-aided design 
B)  static manufacturing 
C)  synthetic manufacturing 
D)  flexible manufacturing 
A)  computer-aided design 
B)  static manufacturing 
C)  synthetic manufacturing 
D)  flexible manufacturing

Question 5

Discuss the five steps in production control.

Accepted Answer

The five steps in production control are

Question 6

A "lights out" factory is completely automated to the extent where no workers are needed to make what the factory produces.

Accepted Answer

A) True 
 B)False

Question 7

Computer chip manufacturers,such as Intel,must be primarily concerned with ________.

Accepted Answer

A)  availability of a water supply 
B)  community living conditions 
C)  proximity to markets 
D)  availability to energy 
A)  availability of a water supply 
B)  community living conditions 
C)  proximity to markets 
D)  availability to energy

Question 8

The need for confidentiality sometimes affects the decision to purchase or lease.

Accepted Answer

A) True 
 B)False

Question 9

Warehousing costs,taxes,insurance,and maintenance are expenses involved in storing inventory.

Accepted Answer

A) True 
 B)False

Question 10

_____ is a computer-based production planning system that ensures a firm has all the parts and materials it needs to produce its output at the right time and place,and in the right amounts.

Accepted Answer

A) process layout 
B) LEED certification 
C) Gantt chart 
D) PERT chart 
E) inventory control
F)ISO
G)critical path
H)computer-integrated manufacturing
I)utility
J)perpetual inventory
K)materials requirement planning
L)standardization
M)routing
N)assembly line
O)robot
P)just-in-time
Q)benchmarking
R)synthetic production system
S)make, buy, or lease decision 
A) process layout 
B) LEED certification 
C) Gantt chart 
D) PERT chart 
E) inventory control
F)ISO
G)critical path
H)computer-integrated manufacturing
I)utility
J)perpetual inventory
K)materials requirement planning
L)standardization
M)routing
N)assembly line
O)robot
P)just-in-time
Q)benchmarking
R)synthetic production system
S)make, buy, or lease decision

Question 11

Banks most likely utilize a ________ layout.

Accepted Answer

A)  customer-oriented 
B)  product 
C)  process 
D)  fixed-position 
A)  customer-oriented 
B)  product 
C)  process 
D)  fixed-position

Question 12

The critical path in a PERT diagram illustrates the most expensive operations that need to be done.

Accepted Answer

A) True 
 B)False

Question 13

Custom machine shops are typically organized in a product layout.

Accepted Answer

A) True 
 B)False

Question 14

A complex project might require a(n)_____,which seeks to minimize delays by coordinating all aspects of the production process.

Accepted Answer

A) process layout 
B) LEED certification 
C) Gantt chart 
D) PERT chart 
E) inventory control
F)ISO
G)critical path
H)computer-integrated manufacturing
I)utility
J)perpetual inventory
K)materials requirement planning
L)standardization
M)routing
N)assembly line
O)robot
P)just-in-time
Q)benchmarking
R)synthetic production system
S)make, buy, or lease decision 
A) process layout 
B) LEED certification 
C) Gantt chart 
D) PERT chart 
E) inventory control
F)ISO
G)critical path
H)computer-integrated manufacturing
I)utility
J)perpetual inventory
K)materials requirement planning
L)standardization
M)routing
N)assembly line
O)robot
P)just-in-time
Q)benchmarking
R)synthetic production system
S)make, buy, or lease decision

Question 15

One potential problem with just-in-time systems is the added risk of running out of inventory if demand unexpectedly surges.

Accepted Answer

A) True 
 B)False

Question 16

Managers should maintain access to multiple supply sources.

Accepted Answer

A) True 
 B)False

Question 17

What is the task of production and operations management?

Accepted Answer

A)  To determine the most economical routes for transporting the firms' products 
B)  To manage the use of people and machinery in converting materials and resources into finished goods and services 
C)  To manage the use of people and other resources in the development of distribution channels and promotional strategies 
D)  To design systems that will provide managers with information useful for decision making 
A)  To determine the most economical routes for transporting the firms' products 
B)  To manage the use of people and machinery in converting materials and resources into finished goods and services 
C)  To manage the use of people and other resources in the development of distribution channels and promotional strategies 
D)  To design systems that will provide managers with information useful for decision making

Question 18

Which production process describes a manufacturing operation in which long production runs generate finished products over a period of time?

Accepted Answer

A)  Continuous 
B)  Intermittent 
C)  Customized 
D)  Periodic 
A)  Continuous 
B)  Intermittent 
C)  Customized 
D)  Periodic

Question 19

The want-satisfying power of a good or service is called ________.

Accepted Answer

A)  quality 
B)  ownership 
C)  worth 
D)  utility 
A)  quality 
B)  ownership 
C)  worth 
D)  utility

Question 20

Yusted's company uses a computer to control its production process.The computer transmits signals to machines for performing the appropriate steps in the correct order.This is an example of ___________

Accepted Answer

A)  computer-aided design 
B)  computer-aided manufacturing 
C)  flexible manufacturing 
D)  computer-integrated manufacturing 
A)  computer-aided design 
B)  computer-aided manufacturing 
C)  flexible manufacturing 
D)  computer-integrated manufacturing

The ABC Accountants do not standardize their service to customers because each customer has different needs.This is an example of _______ production.

Firms create _____,or want-satisfying power,by converting raw materials and other inputs into finished goods and services.

Discuss the factors a firm should consider when deciding whether to make,buy,or lease components.

Discuss the five steps in production control.

A "lights out" factory is completely automated to the extent where no workers are needed to make what the factory produces.

Computer chip manufacturers,such as Intel,must be primarily concerned with ________.

The need for confidentiality sometimes affects the decision to purchase or lease.

Warehousing costs,taxes,insurance,and maintenance are expenses involved in storing inventory.

_____ is a computer-based production planning system that ensures a firm has all the parts and materials it needs to produce its output at the right time and place,and in the right amounts.

Banks most likely utilize a ________ layout.

The critical path in a PERT diagram illustrates the most expensive operations that need to be done.

Custom machine shops are typically organized in a product layout.

A complex project might require a(n)_____,which seeks to minimize delays by coordinating all aspects of the production process.

One potential problem with just-in-time systems is the added risk of running out of inventory if demand unexpectedly surges.

Managers should maintain access to multiple supply sources.

What is the task of production and operations management?

Which production process describes a manufacturing operation in which long production runs generate finished products over a period of time?

The want-satisfying power of a good or service is called ________.

Yusted's company uses a computer to control its production process.The computer transmits signals to machines for performing the appropriate steps in the correct order.This is an example of ___________

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 10:Production and Operations Management

The ABC Accountants do not standardize their service to customers because each customer has different needs.This is an example of _______ production.

Firms create _____,or want-satisfying power,by converting raw materials and other inputs into finished goods and services.

Discuss the factors a firm should consider when deciding whether to make,buy,or lease components.

Discuss the five steps in production control.

A "lights out" factory is completely automated to the extent where no workers are needed to make what the factory produces.

Computer chip manufacturers,such as Intel,must be primarily concerned with ________.

The need for confidentiality sometimes affects the decision to purchase or lease.

Warehousing costs,taxes,insurance,and maintenance are expenses involved in storing inventory.

_____ is a computer-based production planning system that ensures a firm has all the parts and materials it needs to produce its output at the right time and place,and in the right amounts.

Banks most likely utilize a ________ layout.

The critical path in a PERT diagram illustrates the most expensive operations that need to be done.

Custom machine shops are typically organized in a product layout.

A complex project might require a(n)_____,which seeks to minimize delays by coordinating all aspects of the production process.

One potential problem with just-in-time systems is the added risk of running out of inventory if demand unexpectedly surges.

Managers should maintain access to multiple supply sources.

What is the task of production and operations management?

Which production process describes a manufacturing operation in which long production runs generate finished products over a period of time?

The want-satisfying power of a good or service is called ________.

Yusted's company uses a computer to control its production process.The computer transmits signals to machines for performing the appropriate steps in the correct order.This is an example of ___________

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters