Question 1

Which of the following techniques is best suited to analyze the financial position of an organization?

Accepted Answer

A) process modelling 
B) motion-study techniques 
C) value analysis 
D) functional analysis 
E) ratio analysis 
A) process modelling 
B) motion-study techniques 
C) value analysis 
D) functional analysis 
E) ratio analysis

Question 2

________ is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used.

Accepted Answer

A) Flexible manufacturing 
B) Just-in-time control 
C) Mass customization 
D) Six Sigma production 
E) Total preventive maintenance 
A) Flexible manufacturing 
B) Just-in-time control 
C) Mass customization 
D) Six Sigma production 
E) Total preventive maintenance

Question 3

A process layout is a layout pattern that groups together similar types of equipment.

Accepted Answer

A) True 
 B)False

Question 4

According to Deming's flow diagram for improving product quality,which of the following is the next step after the receipt and test of materials?

Accepted Answer

A) testing of processes,machines,methods,costs 
B) production and assembly of raw materials 
C) assembly and inspection of raw materials 
D) distribution of materials across the organization 
E) conducting consumer research on product quality 
A) testing of processes,machines,methods,costs 
B) production and assembly of raw materials 
C) assembly and inspection of raw materials 
D) distribution of materials across the organization 
E) conducting consumer research on product quality

Question 5

An organization wants to involve all company employees in quality control.Can you suggest a technique to help the organization?

Accepted Answer

All company employees can be part of qua

Question 6

David Lamb leads a team of engineers at Alpha technologies,a leading software company.David started his career as a program developer and is widely recognized as a subject matter expert.He is not very involved in the day-to-day management of the team and instead promotes a great deal of autonomy among team members.However,he does help out if the team comes across unanticipated problems associated with atypical tasks.This is an example of ________.

Accepted Answer

A) management by exception 
B) the process control method 
C) continuous operational control 
D) customary process control 
E) management by objectives 
A) management by exception 
B) the process control method 
C) continuous operational control 
D) customary process control 
E) management by objectives

Question 7

The total fixed cost of production in a manufacturing company is $50,000.The company sells its products at $15 and the variable costs associated with each unit sold is $10.Calculate the level of production at which the firm breaks even.

Accepted Answer

A) 15000 units 
B) 10000 units 
C) 5000 units 
D) 1000 units 
E) 20000 units 
A) 15000 units 
B) 10000 units 
C) 5000 units 
D) 1000 units 
E) 20000 units

Question 8

The operational study revealed that the company's inventory turnover is slow.This has forced them to maintain high levels of liquidity.Which of the following ratios is best suited to analyze the company's short-term solvency?

Accepted Answer

A) current ratio 
B) return on investment 
C) activity ratio 
D) equity ratio 
E) debt ratio 
A) current ratio 
B) return on investment 
C) activity ratio 
D) equity ratio 
E) debt ratio

Question 9

Which of the following is the best strategy that a company can use to improve organizational productivity?

Accepted Answer

A) Increase employee salaries and provide additional incentives to the employees. 
B) Attempt to increase the bargaining power of the suppliers. 
C) Automate the lengthy processes that exist in the value chain. 
D) Allocate more budget to the operational activities of the firm. 
E) Reduce the number of units produced per day to give more attention to product quality. 
A) Increase employee salaries and provide additional incentives to the employees. 
B) Attempt to increase the bargaining power of the suppliers. 
C) Automate the lengthy processes that exist in the value chain. 
D) Allocate more budget to the operational activities of the firm. 
E) Reduce the number of units produced per day to give more attention to product quality.

Question 10

Compare and contrast quality assurance and quality control.Which one do you think is preferable to organizations? Explain your answer.

Accepted Answer

Quality assurance is an operations proce

Question 11

________ is a statistical and graphical multiphased decision-making technique that contains a series of steps showing the sequence and interdependence of decisions.

Accepted Answer

A) Decision support system 
B) Decision-tree analysis 
C) Break-even analysis 
D) Supply-chain decision 
E) Decision table 
A) Decision support system 
B) Decision-tree analysis 
C) Break-even analysis 
D) Supply-chain decision 
E) Decision table

Question 12

Which of the following is the first stage in a cost control program?

Accepted Answer

A) measuring actual labor costs incurred 
B) making changes to reduce actual labor and material costs 
C) comparing planned labor and material costs to incurred costs 
D) measuring actual material and process costs incurred 
E) establishing standard or planned cost amounts 
A) measuring actual labor costs incurred 
B) making changes to reduce actual labor and material costs 
C) comparing planned labor and material costs to incurred costs 
D) measuring actual material and process costs incurred 
E) establishing standard or planned cost amounts

Question 13

________ is an operations control activity that determines the flow of materials from vendors through an operations system to customers.

Accepted Answer

A) Just-in-time philosophy 
B) Zero-based control 
C) Work scheduling 
D) Production planning 
E) Materials control 
A) Just-in-time philosophy 
B) Zero-based control 
C) Work scheduling 
D) Production planning 
E) Materials control

Question 14

Furntech Corporation manufactures and markets traditional and computer-related office products and supplies.The company is looking for ways to improve its productivity to become more competitive.Which of the following actions of the company will be least effective in improving organizational productivity?

Accepted Answer

A) It makes necessary changes to product design. 
B) It provides additional training to its workforce. 
C) It automates some of its lengthy processes. 
D) It attempts to improve its recruitment procedures. 
E) It reduces its level of production to focus on product quality. 
A) It makes necessary changes to product design. 
B) It provides additional training to its workforce. 
C) It automates some of its lengthy processes. 
D) It attempts to improve its recruitment procedures. 
E) It reduces its level of production to focus on product quality.

Question 15

The process used to manufacture beer is a product-oriented,high-volume,and low-variety process.This can be called a(n)________ process.

Accepted Answer

A) cyclical 
B) job-shop 
C) repetitive 
D) assembly-line 
E) continuous 
A) cyclical 
B) job-shop 
C) repetitive 
D) assembly-line 
E) continuous

Question 16

Costs of packaging a product and costs of materials needed to make the product are fixed costs associated with production.

Accepted Answer

A) True 
 B)False

Question 17

Return on investment is an example of a(n)________ ratio.

Accepted Answer

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

Question 18

Explain the concept of a layout strategy and discuss the various types of layouts.

Accepted Answer

Layout strategy is an operations managem

Question 19

Quality assurance is a continuum of activities that starts when quality standards are set and ends when quality goods and services are delivered to the customer.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following can be considered annual fixed costs for a publishing company?

Accepted Answer

A) author royalties 
B) salaried labor 
C) sales commission 
D) cost of binding 
E) printing costs 
A) author royalties 
B) salaried labor 
C) sales commission 
D) cost of binding 
E) printing costs

Which of the following techniques is best suited to analyze the financial position of an organization?

________ is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used.

A process layout is a layout pattern that groups together similar types of equipment.

According to Deming's flow diagram for improving product quality,which of the following is the next step after the receipt and test of materials?

An organization wants to involve all company employees in quality control.Can you suggest a technique to help the organization?

The total fixed cost of production in a manufacturing company is $50,000.The company sells its products at $15 and the variable costs associated with each unit sold is $10.Calculate the level of production at which the firm breaks even.

The operational study revealed that the company's inventory turnover is slow.This has forced them to maintain high levels of liquidity.Which of the following ratios is best suited to analyze the company's short-term solvency?

Which of the following is the best strategy that a company can use to improve organizational productivity?

Compare and contrast quality assurance and quality control.Which one do you think is preferable to organizations? Explain your answer.

________ is a statistical and graphical multiphased decision-making technique that contains a series of steps showing the sequence and interdependence of decisions.

Which of the following is the first stage in a cost control program?

________ is an operations control activity that determines the flow of materials from vendors through an operations system to customers.

The process used to manufacture beer is a product-oriented,high-volume,and low-variety process.This can be called a(n)________ process.

Costs of packaging a product and costs of materials needed to make the product are fixed costs associated with production.

Return on investment is an example of a(n)________ ratio.

Explain the concept of a layout strategy and discuss the various types of layouts.

Quality assurance is a continuum of activities that starts when quality standards are set and ends when quality goods and services are delivered to the customer.

Which of the following can be considered annual fixed costs for a publishing company?

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 techniques is best suited to analyze the financial position of an organization?

________ is a technique for reducing inventories to a minimum by arranging for production components to be delivered to the production facility only when it is about to be used.

A process layout is a layout pattern that groups together similar types of equipment.

According to Deming's flow diagram for improving product quality,which of the following is the next step after the receipt and test of materials?

An organization wants to involve all company employees in quality control.Can you suggest a technique to help the organization?

The total fixed cost of production in a manufacturing company is $50,000.The company sells its products at $15 and the variable costs associated with each unit sold is $10.Calculate the level of production at which the firm breaks even.

The operational study revealed that the company's inventory turnover is slow.This has forced them to maintain high levels of liquidity.Which of the following ratios is best suited to analyze the company's short-term solvency?

Which of the following is the best strategy that a company can use to improve organizational productivity?

Compare and contrast quality assurance and quality control.Which one do you think is preferable to organizations? Explain your answer.

________ is a statistical and graphical multiphased decision-making technique that contains a series of steps showing the sequence and interdependence of decisions.

Which of the following is the first stage in a cost control program?

________ is an operations control activity that determines the flow of materials from vendors through an operations system to customers.

The process used to manufacture beer is a product-oriented,high-volume,and low-variety process.This can be called a(n)________ process.

Costs of packaging a product and costs of materials needed to make the product are fixed costs associated with production.

Return on investment is an example of a(n)________ ratio.

Explain the concept of a layout strategy and discuss the various types of layouts.

Quality assurance is a continuum of activities that starts when quality standards are set and ends when quality goods and services are delivered to the customer.

Which of the following can be considered annual fixed costs for a publishing company?

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