1. Which is the international standard for quality management for automotive industry suppliers of production parts, materials, and services? AS 9000 TL 9000 QS 9000 AI 9000 2. ISO 9000 is primarily concerned with what type of quality management standards? Suppliers to the automotive or telecommunication industries Business to business commerce Environmental Business to consumer […]
1. Which of the following are examples of Goldratt’s Rules of Production Scheduling? An hour saved at a bottleneck is a mirage No bottlenecks govern throughput Utilization and activation are the same Balance flow, not capacity 2. According to the theory of constraints which of the following can be a CCR? Product design An employee […]
1. A work breakdown structure is a hierarchy of tasks, subtasks, and work packages a Cost and Performance tracking schedule a structure that is incompatible with the Critical Path Method a simple list of the activities making up a project 2. The vertical axis on a Gantt chart is usually which of the following? Activities […]
1. When considering outsourcing, what should firms tend to avert? Allowing outsourcing to develop into a substitute for innovation Losing control of noncore activities Giving the outsourcing partner opportunities to become a strong competitor Allowing employees transferred to the outsourcing partner to rejoin the firm 2. What is the important starting point in developing a […]
1. In the pull system, which of the following is the partner that begins the process of pulling? Vendors Quality control personnel Customers Executive management 2. Which of the following operations consulting tools are used in the cost impact and payoff analysis stage in the operations consulting process? SPC tools and bottleneck analysis Customer surveys […]
1. A major competitive dimension that forms a company’s strategic operational competitive position in their strategic planning is which of the following? Cost or price Focus Straddling Automation 2. In setting up a kanban control system you need to determine the number of kanban card sets needed. If the expected demand during lead time is […]
Complete the table and answer the following: Assuming the price of labor is $6 per unit and the price of capital is $12 per unit; compute the total variable costs, the marginal costs, and the average variable costs for the firm. Using the numbers that you calculated above, explain the relationship between the marginal cost […]
Question Question 1 1 / 1 point In the ____________, households work and receive payment from firms. a) savings market b) financial capital market c) financial investment market d) labor market Question 2 1 / 1 point In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how […]
Sullivan’s Custom Cabinets operate in a perfectly competitive market and employs labor and capital. Labor costs $30 a day. Machines cost $36 a day. Currently, Sullivan’s has six machines and the marginal revenue product of capital is $30. Output sells at $5 per unit. Sullivan’s hires you as a consultant and provides you with the […]
Remember: number problems clearly, show all of your work, and circle your final answer. (11) Last month the Financial Times reported that Japanese firm Akagi Nyuguyo was increasing the price of its popular children’s ice cream bar Garigari-kun for the first time in 25 years, from ¥60 to ¥70. Suppose that a 7-11 store typically […]
