Means to counter overproduction

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Reference no: EM132292094

1. Which of the following is a means to counter overproduction?

Keep moving things around.

Keep resources busy.

Produce expected demand.

Produce at the volume of actual demand.

2. Lean was started as:

An offshoot of the quality movement after WWII

As Toyota wanted to emulate Ford’s efficiencies without huge inventory build-up it saw at Ford.

Ford Motor Company turned to mass production in the 1950s

Both a and b

3. Which of the following is the Pareto principle?

The majority of problems can be explained by a few root causes.

The majority of problems can be explained by many symptoms.

The majority of problems can be explained by one root cause.

The majority of problems can be explained by many root causes.

4. If the standard deviation of a product demand is small, which of the following statement is accurate?

demand uncertainty is high.

demand uncertainty is low.

average sales are high.

average sales are low.

5. The main purpose of aggregate operations planning (in make-to-stock industries) is to specify the optimal combination of which of the following?

1. Production rate, workforce level, and inventory on hand

2. Inventory on hand and financing costs for that inventory

3. The strategic plan and the products available for sale

4. The workforce level and the degree of automation

5. Operational costs and the cash flow to support operations

Reference no: EM132292094

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