Exam 1: Business Results

Overall Equipment Effectiveness is a composite metric for first pass yield. If 100 units of product are processed and 97 are completed to the required specifications with 4 requiring rework, calculate the first pass yield.

(Multiple Choice)

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Question 41

Typical measures for cash flow include Net Present Value (NPV), Return on Investment (ROI), and internal Rate of Return (IRR). What is the formula for productivity?

(Multiple Choice)

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Question 42

Removing waste reduces lead time. When measuring waste in a process what is the lead time of that process?

(Multiple Choice)

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Question 43

Which of the following lean cost metrics would a process team be reviewing if they were comparing spending and wanted to know the current assets divided by the current liabilities?

(Multiple Choice)

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Question 44

Alignment of lean requires good measurement systems. A Measurement System Analysis (MSA) is a designed experiment that seeks to identify the components of variation in the measurement. Which of the following is NOT considered in a Measurement Systems Analysis?

(Multiple Choice)

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Question 45

Lean employees should be measuring the results of the "whole" system. Which of the following measures would be an example of a measure as a "whole"?

(Multiple Choice)

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Question 46

Several factors may affect company business results and customer retention. Which of the following does NOT impact customer retention?

(Multiple Choice)

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Question 47

A hospital is trying to improve patient flow through a chartered process team. Which of these will NOT improve the flow?

(Multiple Choice)

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Question 48

Measurements should be analyzed to determine their precision. The precision of measurements is affected by confidence intervals. Using the statistical definition of the 95 percent confidence interval, if a poll of 100 people were taken _________________?

(Multiple Choice)

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Question 49

The Role of Performance Measurement is to provide all of the following EXCEPT:

(Multiple Choice)

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Question 50

Showing 41 - 50 of 50

Overall Equipment Effectiveness is a composite metric for first pass yield. If 100 units of product are processed and 97 are completed to the required specifications with 4 requiring rework, calculate the first pass yield.

Typical measures for cash flow include Net Present Value (NPV), Return on Investment (ROI), and internal Rate of Return (IRR). What is the formula for productivity?

Removing waste reduces lead time. When measuring waste in a process what is the lead time of that process?

Which of the following lean cost metrics would a process team be reviewing if they were comparing spending and wanted to know the current assets divided by the current liabilities?

Alignment of lean requires good measurement systems. A Measurement System Analysis (MSA) is a designed experiment that seeks to identify the components of variation in the measurement. Which of the following is NOT considered in a Measurement Systems Analysis?

Lean employees should be measuring the results of the "whole" system. Which of the following measures would be an example of a measure as a "whole"?

Several factors may affect company business results and customer retention. Which of the following does NOT impact customer retention?

A hospital is trying to improve patient flow through a chartered process team. Which of these will NOT improve the flow?

Measurements should be analyzed to determine their precision. The precision of measurements is affected by confidence intervals. Using the statistical definition of the 95 percent confidence interval, if a poll of 100 people were taken _________________?

The Role of Performance Measurement is to provide all of the following EXCEPT:

Continuous Improvement

Cultural Enablers

Enterprise Culture

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