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Business in Action Study Set 1
Exam 9: Production Systems
Path 4
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Question 41
True/False
A company that hires an outside firm to do its accounting and payroll function is outsourcing that function.
Question 42
True/False
Scheduling involves determining how long each operation takes and deciding which tasks are done in which order.
Question 43
Essay
Create a sample capacity plan for a business that you want to start.Clearly mention such aspects as future demand and starting capacity.
Question 44
Multiple Choice
Achieving ISO certification indicates that the ________.
Question 45
Multiple Choice
________ are estimates of future demand for a company's products.
Question 46
True/False
Customer involvement tends to be more for goods than services.
Question 47
Multiple Choice
Hudson Foods markets processed foods in the United States.The company obtains raw materials from small-scale producers in the U.S.and Canada.This act of getting the necessary raw materials for production is called ________.
Question 48
Multiple Choice
Ronda Scooters is a leading Asian manufacturer of electric scooters.The company procures raw materials from a firm based in China.The Chinese supplier delivers materials in about three weeks after receiving a confirmed order.This period is referred to as the materials' ________.
Question 49
Multiple Choice
________ refers to transferring a part or all of a business function to a facility in another country.
Question 50
Multiple Choice
________ is a comprehensive approach of companywide policies,practices,and procedures to ensure that every product meets quality standards.
Question 51
Multiple Choice
Rolber Cycles is a manufacturer of racing bicycles.The company gives extreme importance to customer responsiveness and keeps products ready in the warehouse to deliver to customers immediately after they receive an order.These products are best referred to as ________.
Question 52
Multiple Choice
In response to increasing demand for products in developing countries,some manufacturers pursue a strategy called ________ by establishing production facilities in or near those markets.
Question 53
True/False
Identical goods or services are created in large quantities in mass customization.
Question 54
Multiple Choice
The technology known as ________ attaches small antenna tags to products or shipping containers to help the company track where needed materials are in its supply chain.
Question 55
True/False
Making sure you have what you need no earlier than when you need it is known as just-in-time inventory management.
Question 56
Multiple Choice
________ refers to determining the right quantities of supplies and products to have on hand and tracking where those items are.
Question 57
True/False
Feedback is the information from the output applied back to the input.
Question 58
Multiple Choice
Morkel Toys is a manufacturer of toys.The company produces tens of thousands of Barbie Dolls in its factories every day.It uses large machinery to automate the production and the output is standardized.This is an example of ________.