Question 1

The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 2

The four phases of the product life cycle are incubation,introduction,growth,and decline.

Accepted Answer

A) True 
 B)False

Question 3

Payoffs,alternatives,and expected monetary values are terms associated with:

Accepted Answer

A) virtual reality. 
B) product life-cycle management. 
C) quality function deployment. 
D) decision trees. 
E) make-or-buy analysis. 
A) virtual reality. 
B) product life-cycle management. 
C) quality function deployment. 
D) decision trees. 
E) make-or-buy analysis.

Question 4

Transition to production refers to the act of moving a product to production from what?

Accepted Answer

A) inventory 
B) the supplier 
C) the market 
D) development 
E) the wholesaler 
A) inventory 
B) the supplier 
C) the market 
D) development 
E) the wholesaler

Question 5

A listing of the hierarchy of components,their description,and the quantity of each required to make one unit of product is the ________.

Accepted Answer

The answer of A listing of the hierarchy of components,their...

Question 6

Aggressive new product development requires that organizations build structures internally that contain what features?

Accepted Answer

They should have open communic

Question 7

Which of these statements regarding Regal Marine is TRUE?

Accepted Answer

A) Product design is a critical decision for the firm. 
B) Regal uses a three-dimensional CAD system to shorten product development time. 
C) Regal still uses some wooden parts and hand-produces some components. 
D) Regal's use of CAD has resulted in a superior product. 
E) All of the above are true. 
A) Product design is a critical decision for the firm. 
B) Regal uses a three-dimensional CAD system to shorten product development time. 
C) Regal still uses some wooden parts and hand-produces some components. 
D) Regal's use of CAD has resulted in a superior product. 
E) All of the above are true.

Question 8

A company is deciding if it should design a product in-house or outsource the design.If outsourced,the cost for a low bidder would be $40,000,and the cost for an expensive bidder would be $100,000.To design in-house would require overtime for an already stretched design team with total costs of $70,000.If all three designs (in-house,low bid,high bid)are equal in quality and the likelihood of finding a low bidder is 60% (meaning that 40% of the time the firm will have to hire the expensive bidder),should the company outsource design or do it in-house?

Accepted Answer

@#IMG-DLM& EMV of outsource is .4(100,00

Question 9

Rapidly developing products and moving them to the market is referred to as ________.

Accepted Answer

time-based

Question 10

What type of analysis focuses on the ways in which processes can be designed to optimize interaction between firms and their customers?

Accepted Answer

A) PCN 
B) BOM 
C) OI 
D) DFMA 
E) PLM 
A) PCN 
B) BOM 
C) OI 
D) DFMA 
E) PLM

Question 11

The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-hand side)and working toward the end of the tree (the right).

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is TRUE regarding computer-aided design?

Accepted Answer

A) It is too expensive to use in most manufacturing and design settings. 
B) It is an obsolete technology. 
C) It results in longer development cycles for virtually all products. 
D) It is the use of computers to interactively design products and prepare engineering documentation. 
E) It is the use of information technology to control machinery. 
A) It is too expensive to use in most manufacturing and design settings. 
B) It is an obsolete technology. 
C) It results in longer development cycles for virtually all products. 
D) It is the use of computers to interactively design products and prepare engineering documentation. 
E) It is the use of information technology to control machinery.

Question 13

An assembly drawing lists the operations necessary to produce the component.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is an example of an external product development strategy?

Accepted Answer

A) new internally developed products 
B) enhancements to existing products 
C) alliances 
D) migrations of existing products 
E) All of the above are examples of internal product development strategy. 
A) new internally developed products 
B) enhancements to existing products 
C) alliances 
D) migrations of existing products 
E) All of the above are examples of internal product development strategy.

Question 15

A document for production that gives the instruction to make a given quantity of a particular item,usually to a given schedule,is a(n):

Accepted Answer

A) work order. 
B) route sheet. 
C) bill of information. 
D) assembly chart. 
E) value analysis. 
A) work order. 
B) route sheet. 
C) bill of information. 
D) assembly chart. 
E) value analysis.

Question 16

A result of concurrent engineering in product design is:

Accepted Answer

A) speedier product development. 
B) lower quality. 
C) less customer demand. 
D) higher costs. 
E) all of the above. 
A) speedier product development. 
B) lower quality. 
C) less customer demand. 
D) higher costs. 
E) all of the above.

Question 17

A drawing that shows the dimensions,tolerances,materials,and finishes of a component is a(n)________.

Accepted Answer

The answer of A drawing that shows the dimensions,tolerances,materials,and finishes...

Question 18

Identify and briefly describe the three process regions from PCN analysis.

Accepted Answer

Direct interaction includes process step

Question 19

What is the use of information technology to control machinery?

Accepted Answer

A) CAM 
B) CAD 
C) QFD 
D) DFMA 
E) STEP 
A) CAM 
B) CAD 
C) QFD 
D) DFMA 
E) STEP

Question 20

Which of the following is true regarding value engineering?

Accepted Answer

A) Value engineering occurs only after the product is selected and designed. 
B) Value engineering creates fragile design. 
C) Value engineering is oriented toward improvement of design. 
D) Value engineering occurs during production when it is clear the product is a success. 
E) Value engineering can save substantial amounts of product cost,but quality suffers. 
A) Value engineering occurs only after the product is selected and designed. 
B) Value engineering creates fragile design. 
C) Value engineering is oriented toward improvement of design. 
D) Value engineering occurs during production when it is clear the product is a success. 
E) Value engineering can save substantial amounts of product cost,but quality suffers.

Exam 5: Design of Goods and Services

The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage.

The four phases of the product life cycle are incubation,introduction,growth,and decline.

Payoffs,alternatives,and expected monetary values are terms associated with:

Transition to production refers to the act of moving a product to production from what?

A listing of the hierarchy of components,their description,and the quantity of each required to make one unit of product is the ________.

Aggressive new product development requires that organizations build structures internally that contain what features?

Which of these statements regarding Regal Marine is TRUE?

Rapidly developing products and moving them to the market is referred to as ________.

What type of analysis focuses on the ways in which processes can be designed to optimize interaction between firms and their customers?

The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-hand side)and working toward the end of the tree (the right).

Which of the following is TRUE regarding computer-aided design?

An assembly drawing lists the operations necessary to produce the component.

Which of the following is an example of an external product development strategy?

A document for production that gives the instruction to make a given quantity of a particular item,usually to a given schedule,is a(n):

A result of concurrent engineering in product design is:

A drawing that shows the dimensions,tolerances,materials,and finishes of a component is a(n)________.

Identify and briefly describe the three process regions from PCN analysis.

What is the use of information technology to control machinery?

Which of the following is true regarding value engineering?

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Managing Quality

Process Strategy

Location Strategies

Layout Strategies

Human Resources,job Design,and Work Measurement

Supply Chain Management

Inventory Management

Aggregate Planning and Sop

Material Requirements Planning Mrpand ERP

Short-Term Scheduling

Lean Operations

Maintenance and Reliability

Sustainability in the Supply Chain

Statistical Process Control

Capacity and Constraint Management

Supply Chain Management Analytics

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Filters