When a process is in control

Assignment Help Finance Basics
Reference no: EM131276122

Question 1

The first step in the SPC execution phase is:
A. to develop control charts.
B. flowcharting or characterizing the process to which SPC will be applied.
C. eliminate the special causes of variation.
D. collect and plot SPC data.

Question 2

As part of its __________ responsibility, management in an organization that practices __________ must be personally involved in continual improvement.
A. leadership; fiscal responsibility
B. financial; leadership
C. leadership; total quality
D. fiscal; total quality

Question 3

Which of the following individuals is identified as the developer of JIT/LEAN/Lean?
A. Eiji Toyoda
B. W. Edwards Deming
C. Taiichi Ohno
D. Henry Ford

Question 4

The JIT/LEAN/Lean "pull" system ensures that:
A. costs are minimized through "economy of scale."
B. the production line will never stop because of a problem.
C. buffer stocks are on hand to prevent line stoppage when a critical machine fails.
D. the internal supplier process does not build product unless told to do so by the internal customer process.

Question 5

The rationale for western manufacturers to embrace SPC is to:
A. improve product quality and simultaneously reduce costs.
B. be able to compete better with Japan and the world's markets.
C. improve their product image.
D. All of the above

Question 6

One of the three phases of benchmarking is:
A. conclusion.
B. postexecution.
C. reporting.
D. None of the above

Question 7

The most common inhibitor of SPC is:
A. inadequate training.
B. lack of resources resulting from the absence of management commitment.
C. failure to have processes under control.
D. low production rates.

Question 8

Mass production is a(n) __________ system.
A. integrated
B. push
C. pull
D. breakthrough

Question 9

__________ approaches improvement projects in three successive phases, applying TOC, Lean, and then Six Sigma tools.
A. The iTLS model
B. Kaizen
C. CEDAC
D. SIPOC

Question 10

__________ are used when the data are concerned with the number of defects in a piece - for example, the number of defects found in a tire or an appliance.
A. Variable charts
B. C-charts
C. R-charts
D. P-charts

Question 11

The __________ phase of DMAIC focuses on why defects, errors, or excessive variation occurs.
A. Define
B. Measure
C. Analyze
D. Control

Question 12

In which phase of the DMAIC process might FMEA be used?
A. Define
B. Measure
C. Analyze
D. Control

Question 13

Variation in processes:
A. can be caused by include people, machines, material, and environment.
B. is of three kinds.
C. should not be of concern.
D. must be eliminated if continual improvement is to happen.

Question 14

The Six Sigma __________ is significantly trained in Six Sigma and engaged in leading Six Sigma project execution under Master Black Belts.
A. Champion
B. Black Belt
C. Green Belt
D. Executive

Question 15

When benchmarking, it is not enough to understand the processes; they must be completely:
A. analyzed.
B. tested.
C. documented.
D. integrated.

Question 16

One of the roles of management in benchmarking is:
A. establishing relationships.
B. disclosure.
C. data collection.
D. action planning.

Question 17

The origin of what is now called __________ dates back to a book written by Dr. Walter Shewhart in 1931.
A. quality engineering
B. compliance management
C. statistical process control
D. QFD

Question 18

Several benchmarking considerations require management's approval before the process can start: commitment to change, funding, personnel, disclosure, and:
A. oversight.
B. direction.
C. involvement.
D. direct supervision.

Question 19

Lean is based on the manufacturing system that was developed by:
A. Motorola.
B. Toyota.
C. Goldratt.
D. IBM.

Question 20

When a process is "in control" what percent of its output will be within the ±3s limits?
A. 66.6%
B. 82.4%
C. 99.7%
D. 100%

Reference no: EM131276122

Questions Cloud

Create more value than growth through large acquisition : Why could growth through a series of bolt-on acquisitions create more value than growth through a single large acquisition?
Statements are true all of the time except : All of the following statements are true all of the time except: Which of the following is displayed as an S-curve?
How much faster is the average delay : How wide must the pMOS transistor be to achieve minimum average delay? What is the delay? How much faster is the average delay?
Why company growth rate typically converge much more quickly : Why do company growth rates typically converge much more quickly toward the average rate across all companies than their rates of ROIC, given that both ultimately depend on the underlying product life cycles?
When a process is in control : When a process is "in control" what percent of its output will be within the ±3s limits? The origin of what is now called __________ dates back to a book written by Dr. Walter Shewhart in 1931.
With respect to the wbs numbering system : The numbering system is a unique identifier known as the code of accounts, which is used to track the costs of the WBS elements. The numbering system is a unique identifier known as the code of accounts, which is used to track time and resource assig..
Why do most consumer goods companies put so much effort : If growth from gaining market share through product promotion and pricing rarely creates much value, why do most consumer goods companies put so much effort into it?
Compute the weighted average cost of capital : When would the market value of debt not equal the book value?- Using these weights, compute the weighted average cost of capital.
Prove that the p/n ratio that gives lowest average delay : Prove that the P/N ratio that gives lowest average delay in a logic gate is the square root of the ratio that gives equal rise and fall delays.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the difference between bonds and mutual funds

What is the difference between bonds and mutual funds?

  Find expected degree of operating leverage

In light of a sales agreement that NVW just signed with national chain of health food restaurants, NVW CFO, Jackie Cheng, is determining that NVW's sales in the next year will be 50,000 bottles at $30 each bottle.

  Prepare a capital budget for the hot new cafe

Prepare a capital budget for the Hot New Cafe with the net cash flows

  Purchasing stock on leverage

You have $40,000 to invest on Sophie Shoes, a stock selling for $80 a share. The intial margin requirement is 60%. Ignoring taxes & commissions,

  Explain a strategic management consultant by organization

You have been hired as a strategic management consultant by organization. What specific recommendations would you make to the senior management team in the development of their strategic management plans with the issues facing their company. Be ..

  How do firms use commercial paper to raise

How do firms use commercial paper to raise short-term funds? Who can issue commercial paper? Who buys commercial paper?

  The firm can sell a 15-year 1000 par value 8 percent bond

a firm has determined its optimal structure which is composed of the following sources and target market value

  Heavy concentration in mortgages

Savings institutions are exposed to credit risk as a result of their heavy concentration in mortgages, mortgage-backed securities, and other securities. They attempt to diversify their investments to reduce credit risk. Savings institutions ar..

  Discuss the role of banking in business

These problems are belongs to Finance and the problems are discusses the role of banking in business and the challenges faced by corporate governance and the role played by investment banking.

  What is a stock repurchase describe the procedures a

what is a stock repurchase? describe the procedures a company follows when it make a distribution through a stock

  Company uses large amounts of debt financing in an industry

company uses large amounts of debt financing in an industry that has a high degree of business risk. what kind of eps

  Do you believe it would be more important to compare

do you believe it would be more important to compare financials across competitors or over time? explain your choice

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd