Result in invalidating-application of break-even analysis

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1. Which condition would result in invalidating and application of break-even analysis?

1. The variable cost to produce a unit is within one percent of sale price

2. The purchasing department both offera quantity discounts to customers ans receives quantity discounts from suppliers

3. The variable cost to produce a unit is less that one percent of the fixed cost to run the plant

2. What term describes the situation in which firms doing exceedingly well or poor are likely returning to normal performance over time?

regression to the mean

Normative performance

Expected performance

Sustainable performance

3. A quality improvement tool used to evaluate alternatives in a systematic manner using predetermined decision criteria is called what?

Structured Brainstorming

Unstructured Brainstorming

Fishbone Diagrams

Prioritization Matrix

Six Hats Method

4. A rapidly formed team is best described as a:

Formally established and defined group of individuals who work together over time

Team in the storming phase of development

Group of pre-selected employees that must be prepared to convene quickly in response to an emergency

Group of employees coming together for a specific, unplanned purpose

Group of managers working together to address a particular problem or process

5. What is a project champion?

An individual who is a part of more than one team within the organization

The leader of a team whose main responsibility it is to resolve conflict

The mediator between a microsystem team and the macrosystem

The first responder to an emergency addressed by a rapidly formed team

An executive level manager who manages and guides a quality improvement team

6. Which of the following is NOT recommended for selecting quality improvement team members?

Assemble individuals before the project charter is written so all can contribute to the charter.

Members can be appointed by senior executives.

Between five and nine individuals is likely the optimal number for the team.

Members can be appointed by the team captain.

Assemble individuals with expertise and experience relevant to the targeted problem or process.

7. Which of the following represent the six roles for team members used in the “six hats” method?

Objective, subjective, positive, negative, imaginative, and structured

Objective, subjective, positive, negative, imaginative, and the moderator

Supportive, critical, optimistic, pessimistic, creative, and structured

Supportive, critical, creative, structured, positive, and negative

Positive, negative, supportive, critical, objective, and subjective

Reference no: EM132304657

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