> > Operations Management MCQs > Business Production MCQs

Business Production MCQ

Excitement characteristics are categories in the _________ model.

Bipolar

Kano

Pareto

Quality

Answer

Correct Answer: Kano

Note: This Question is unanswered, help us to find answer for this one

Tqm is __________, designed to build quality into the product and process design.

Reactive

Proactive

Strategic

Competitive

Standardized

Answer

Correct Answer: Proactive

Note: This Question is unanswered, help us to find answer for this one

___________ inventory is the costliest form of inventory one can hold.

Finished goods

Raw materials

Components

Work-in-process

Answer

Correct Answer: Finished goods

Note: This Question is unanswered, help us to find answer for this one

_________ has/have helped firms to concentrate on their core business.

Supply chains

Scheduling

Outsourcing

ERP

Lean production

Answer

Correct Answer: Outsourcing

Note: This Question is unanswered, help us to find answer for this one

_____ is the ratio of the output of a process to the input.

Variability

Flexibility

Reliability

Productivity

Answer

Correct Answer: Productivity

Note: This Question is unanswered, help us to find answer for this one

_____ addresses how well a product or service performs the customers intended use.

Maintainability

Performance

Reliability

Functionality

Answer

Correct Answer: Performance

Note: This Question is unanswered, help us to find answer for this one

Transaction costs and loss of customer goodwill are both examples of ____.

Setup costs

Ordering costs

Holding costs

Stockout costs

Answer

Correct Answer: Stockout costs

Note: This Question is unanswered, help us to find answer for this one

The __________ is used to flag a forecasting model that is getting out of control.

Moving average model

Tracking signal

Causal models

A trend

Answer

Correct Answer: Tracking signal

Note: This Question is unanswered, help us to find answer for this one

Lost sales and goodwill are potentially significant costs that may arise from ________.

Too little inventory.

Re-order level

Economic Order Quantity (EOQ)

Min value

Answer

Correct Answer: Too little inventory.

Note: This Question is unanswered, help us to find answer for this one

With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.

A kickback

Situation analysis

Waste

A bribe

Answer

Correct Answer: A bribe

Note: This Question is unanswered, help us to find answer for this one

Three critical productivity input variables are __________.

Quality, efficiency, and low cost

Labor, capital and management

Lack of precise units of measurement

Technology, raw materials and labor

Answer

Correct Answer: Labor, capital and management

Note: This Question is unanswered, help us to find answer for this one

The list of the 5ss supports lean production by __________.

Having limited ability to respond to changes in product and quality

identifying non-value items and removing them, in the sort/segregate item

In-transit inventory falls as suppliers are located closer to facilities

Jones Company has decreased the number of job classifications to just a few

Answer

Correct Answer: identifying non-value items and removing them, in the sort/segregate item

Note: This Question is unanswered, help us to find answer for this one

The _____ is a measure of quality control equal to 1 fault in 1 million opportunities problems.

ISO 9000

Six 9s of quality rule

Seven run rule

Six Sigma rule

Answer

Correct Answer: Six 9s of quality rule

Note: This Question is unanswered, help us to find answer for this one

The main goal of utilizing a mass customization production system is to ________.

Produce a customized product at almost the rate of mass production while

Protecting property rights

Growing role for developing nations

A producer of unique iPhone applications

Answer

Correct Answer: Produce a customized product at almost the rate of mass production while

Note: This Question is unanswered, help us to find answer for this one

Quick setup or changeover of tooling and fixtures is associated with ____.

Single-piece flow

Six sigma

Visual controls

Single minute exchange of dies

Answer

Correct Answer: Single minute exchange of dies

Note: This Question is unanswered, help us to find answer for this one

The production of large goods such as airplanes is best accomplished using a ____ layout.

Product

Process

Cellular

Fixed position

Answer

Correct Answer: Fixed position

Note: This Question is unanswered, help us to find answer for this one

_____ is the single most important source of capital for most new companies.

Trade credit

Common stock

A Treasury bill

A floating-rate bond

Commercial paper

Answer

Correct Answer: Common stock

Note: This Question is unanswered, help us to find answer for this one

____ is a pure-play company.

Technological development

Ad-impression

Amazon.com

Intranet

Answer

Correct Answer: Amazon.com

Note: This Question is unanswered, help us to find answer for this one

____ involves deciding how to approach and plan the risk management activities for the project.

Identifying risks

Planning risk management

Performing qualitative risk analysis

Performing quantitative risk analysis

Answer

Correct Answer: Planning risk management

Note: This Question is unanswered, help us to find answer for this one