Cost control and reduction technique that examines all parts

Assignment Help Operation Management

Reference no: EM132277309

1. All of the following are characteristics of successful JIT programs EXCEPT:

A. high quality of materials purchased from suppliers

B. closeness of suppliers

C. well organized receiving and handling of materials purchased from suppliers

D. low management commitment and support

2. A cost control and reduction technique that examines all the parts, materials, and functions of an operation is:

A. materials planning

B. decision-tree analysis

C. breakeven analysis

D. value analysis

E. process control

3. The process used to determine how many products should be inspected to calculate a probability that the total number of products will meet organizational quality standards is:

A. statiscal quality control

B. quality assurance

C. the "no rejects" process

D. automation

4. Production requires:

A. inputs and outputs

B. inputs and transformation processes

C. inputs, transformation processes, and outputs

D. inputs, outputs, and resources

5. The algebraic equation for the determination of the break-even point is:

A. BE = VC/(P-FC)

B. BE = P/ (FC-VC)

C. BE = C/R

D. BE = (P-VC)/(FC-VC)

E. BE = FC/(P-VC)

6. The first step in using quality circles is:

A. establishing a theme for observation

B. determining the reason for a theme's selection

C. obtaining data

D. implementing a new procedure

7. Tom's company repairs machines only after they have malfunctioned. This is a(n):

A. pure-preventive maintenance policy

B. sound maintenance control policy

C. pure-breakdown policy

D. example of cost control tactics

8. The tool that is both a financial plan and a control technique is:

A. an income statement

B. a balance sheet

C. a materials planning sheet

D. an inventory control policy

E. a budget

9. The first stage in a cost control program is:

A. measure actual labor and material costs

B. establish standard or planned labor and material costs

C. make changes to reduce actual labor and material costs

D. compare planned labor and material costs to incurred costs

10. Which of the following is a product-oriented, high-volume, low-variety process used in producing beer?

A. layout strategy

B. job-shop process

C. repetitive process

D. assembly-line process

E. continuous process

Reference no: EM132277309

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