Question 1

Doing the job right the first time is the basic principle of quality control.

Accepted Answer

A) True 
 B)False  False

Question 2

Gobex financial services is a multinational firm that has many branches across the globe.The U.S.subsidiary of the firm assigns its accounting tasks to the Chinese subsidiary.Lower labor costs enable the Chinese firm to perform the tasks more efficiently.This is an example of ________.

Accepted Answer

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

Question 3

The point in a system where a small correction could improve performance is called the ________.

Accepted Answer

A)  break-even point 
B)  breaking point 
C)  leverage point 
D)  equilibrium point 
E)  point of no return 
A)  break-even point 
B)  breaking point 
C)  leverage point 
D)  equilibrium point 
E)  point of no return C

Question 4

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 5

Which of the following is an advantage of offshoring?

Accepted Answer

A)  Hidden costs and risks are rarely involved in offshoring. 
B)  U.S. firms can charge lower prices through offshoring. 
C)  Offshoring is the best way to improve business agility. 
D)  Information risks are low when offshoring services. 
E)  Offshoring is the best way to increase customer responsiveness. 
A)  Hidden costs and risks are rarely involved in offshoring. 
B)  U.S. firms can charge lower prices through offshoring. 
C)  Offshoring is the best way to improve business agility. 
D)  Information risks are low when offshoring services. 
E)  Offshoring is the best way to increase customer responsiveness.

Question 6

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.

Question 7

Corrections will not lead to performance improvements at the leverage point.

Accepted Answer

A) True 
 B)False

Question 8

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 9

________ is a rigorous quality management program that strives to eliminate deviations between the actual and desired performance of a business system and reduce defects to 3.4 per 1 million opportunities.

Accepted Answer

A)  Statistical process control 
B)  Six Sigma 
C)  ISO 9000 
D)  ISO 9001 
E)  Total quality management 
A)  Statistical process control 
B)  Six Sigma 
C)  ISO 9000 
D)  ISO 9001 
E)  Total quality management

Question 10

The phenomenon where U.S.companies move their production back to U.S.soil is known as ________.

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 11

________ refers to the efficiency with which an organization can convert inputs to outputs.

Accepted Answer

A)  Productivity 
B)  Sustainability 
C)  Security 
D)  Capacity 
E)  System value 
A)  Productivity 
B)  Sustainability 
C)  Security 
D)  Capacity 
E)  System value

Question 12

Supply chain management refers to the business procedures,policies,and computer systems that ________.

Accepted Answer

A)  separate supply chain from the value chain of an organization 
B)  convert supply chain into a cohesive system 
C)  separate supply chain from other business functions 
D)  help an organization communicate with competing firms 
E)  create a procurement process independent of the supply chain 
A)  separate supply chain from the value chain of an organization 
B)  convert supply chain into a cohesive system 
C)  separate supply chain from other business functions 
D)  help an organization communicate with competing firms 
E)  create a procurement process independent of the supply chain

Question 13

________ refers to the acquisition of the raw materials,parts,components,supplies,and finished products required to produce goods and services.

Accepted Answer

A)  Procurement 
B)  Logistics 
C)  Operation 
D)  Finishing 
E)  Inventorying 
A)  Procurement 
B)  Logistics 
C)  Operation 
D)  Finishing 
E)  Inventorying

Question 14

In systems view,an organizational department is viewed as a(n)________.

Accepted Answer

A)  serial milestone of a process 
B)  system without outputs 
C)  independent entity 
D)  interconnected element 
E)  system without inputs 
A)  serial milestone of a process 
B)  system without outputs 
C)  independent entity 
D)  interconnected element 
E)  system without inputs

Question 15

System is an interconnected and coordinated set of elements and processes that converts inputs to desired outputs.

Accepted Answer

A) True 
 B)False

Question 16

A firm's suppliers are not part of its value chain.

Accepted Answer

A) True 
 B)False

Question 17

Services that must be consumed at the same time they are produced are known as perishable services.

Accepted Answer

A) True 
 B)False

Question 18

Value webs are multidimensional networks of suppliers and outsourcing partners.

Accepted Answer

A) True 
 B)False

Question 19

Compare and contrast materials requirement planning (MRP)and enterprise resource planning (ERP).

Accepted Answer

Material requirements planning (MRP)help

Question 20

Mass production involves the creation of identical goods or services.

Accepted Answer

A) True 
 B)False

Doing the job right the first time is the basic principle of quality control.

Gobex financial services is a multinational firm that has many branches across the globe.The U.S.subsidiary of the firm assigns its accounting tasks to the Chinese subsidiary.Lower labor costs enable the Chinese firm to perform the tasks more efficiently.This is an example of ________.

The point in a system where a small correction could improve performance is called the ________.

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

Which of the following is an advantage of offshoring?

Which of the following is a legitimate disadvantage of offshoring?

Corrections will not lead to performance improvements at the leverage point.

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

________ is a rigorous quality management program that strives to eliminate deviations between the actual and desired performance of a business system and reduce defects to 3.4 per 1 million opportunities.

The phenomenon where U.S.companies move their production back to U.S.soil is known as ________.

________ refers to the efficiency with which an organization can convert inputs to outputs.

Supply chain management refers to the business procedures,policies,and computer systems that ________.

________ refers to the acquisition of the raw materials,parts,components,supplies,and finished products required to produce goods and services.

In systems view,an organizational department is viewed as a(n)________.

System is an interconnected and coordinated set of elements and processes that converts inputs to desired outputs.

A firm's suppliers are not part of its value chain.

Services that must be consumed at the same time they are produced are known as perishable services.

Value webs are multidimensional networks of suppliers and outsourcing partners.

Compare and contrast materials requirement planning (MRP)and enterprise resource planning (ERP).

Mass production involves the creation of identical goods or services.

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

Doing the job right the first time is the basic principle of quality control.

Gobex financial services is a multinational firm that has many branches across the globe.The U.S.subsidiary of the firm assigns its accounting tasks to the Chinese subsidiary.Lower labor costs enable the Chinese firm to perform the tasks more efficiently.This is an example of ________.

The point in a system where a small correction could improve performance is called the ________.

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

Which of the following is an advantage of offshoring?

Which of the following is a legitimate disadvantage of offshoring?

Corrections will not lead to performance improvements at the leverage point.

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

________ is a rigorous quality management program that strives to eliminate deviations between the actual and desired performance of a business system and reduce defects to 3.4 per 1 million opportunities.

The phenomenon where U.S.companies move their production back to U.S.soil is known as ________.

________ refers to the efficiency with which an organization can convert inputs to outputs.

Supply chain management refers to the business procedures,policies,and computer systems that ________.

________ refers to the acquisition of the raw materials,parts,components,supplies,and finished products required to produce goods and services.

In systems view,an organizational department is viewed as a(n)________.

System is an interconnected and coordinated set of elements and processes that converts inputs to desired outputs.

A firm's suppliers are not part of its value chain.

Services that must be consumed at the same time they are produced are known as perishable services.

Value webs are multidimensional networks of suppliers and outsourcing partners.

Compare and contrast materials requirement planning (MRP)and enterprise resource planning (ERP).

Mass production involves the creation of identical goods or services.

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