Which is usually included as an inventory holding cost

Assignment Help Finance Basics
Reference no: EM131322446

Question

1.Which of the following is considered a major process flow structure?
Lead Time
Fabrication
Lean Manufacturing
Project

2. ISO audits result in certifications that are done by first, second, or third parties. Which of the following result in the best certification of a firm?
Certification is sought by any firm assuming they pay annual dues.
2nd Party - where a customer audits its supplier
3rd Party - where a qualified national or international standards/certifying agency serves as an auditor
1st Party - where a firm audits itself against ISO standards

3.Which of the following is ISO 14000 primarily concerned with?
Quality management
Time management
Continuous improvement management
Environmental management

4. Which is the one correct value stream principle?
Look for efficiencies in the factory, office, physical, procedural, and technical operations.
Eliminate waste that stops, slows down, or diverts the value stream.
Concentrate on speeding up value-adding operations rather than removing waste.
Keep the value stream moving at minimum velocity.

5. What is the starting point in developing a capacity plan for a health care operation?
Determining the effective capacity over time
Estimating design capacity
Forecasting patient demand for a reasonable length of time
Discovery of the bottleneck operation

6. Which of the following is considered an organizational blueprint, which prescribes the quantity and time frame for when each end product will be assembled?
MRP (Material Requirements Plan)
ERP (Enterprise Resource Planning)
MPS (Master Production Schedule)
WBS (Work Breakdown Structure)

7. Which of the following is an element that addresses elimination of waste under lean production?
Kanban production control system
Production ahead of demand
Minimized run times
Group plant loading technology

8. In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
Level elements
Future elements
Past elements
Cyclical elements

9. Design for manufacturing and assembly delivers product improvements by emphasizing which of the following:
Reducing product quality during the assembly process
Designing products so they can be manufactured by a virtual factory
Reducing equipment in the production process
Simplification of the product by reducing the number of separate parts

10. Which of the following is one of the principles of reengineering?
Quality at the source
Do not select suppliers on the basis of price alone.
Have those who use the output of a process perform the process.
Leverage high cost employees with lower cost employees.

11. Which of the following is a characteristic that can be used to guide the design of service systems?
Services are all similar.
Services businesses are inherently entrepreneurial.
Quality work means quality service.
Services cannot be inventoried.

12. Considering Hau Lee's uncertainty framework for classifying supply chains, which of the following is given to a supply chain which has an evolving supply process based on functional products?
Risk hedging
Forward looking
Efficient
Agile

13. There are many applications of poka-yokes in service organizations. Which of the following is one of the three-T's used to classify poka-yokes?
Trust
Teamwork
Task
Time

14. Which of the following is a major factor that distinguishes service design and development from manufacturing design and development?
The service package has the same legal protection available to manufactured goods.
Manufacturing is far more capital intensive than services.
The service process and service product can be developed independently.
The service package is the major output of the development process.

15. A project can be segmented into which of the following?
Events
Sub-jobs
Work packages
Success markers

16. Which of the following is a cost impact and payoff analysis tool from the operations consulting tool kit?
Statistical tools
Decision trees
Work sampling
Gap analysis

17. According to the theory of constraints, which of the following can be a capacity-constrained resource (CCR)?
Product design
Inoperable equipment
An employee
A customer

18. The ability to rapidly and inexpensively switch production from one product to another enables which of the following:
Economies of shape
Economies of size
Economies of scale
Economies of scope

19. According to the theory of constraints, which of the following financial measurements can be used to measure the firm's ability to make money?
Operating expenses
Dividends
Sales
Return on investment

20. Deming's PDCA (plan, do, check, and act) cycle underlies what inherent Six Sigma principle?
Continuous improvement
Control charting
Standard deviation
Project management

21. Which of the following is usually included as an inventory holding cost?
Order placing
Quantity discounts
Breakage
Typing up an order

22. Which production process term best describes the situation when activities in a stage of production must stop because there is no work?
Blocking
Starving
Staging
Buffering

23. In a Gantt chart the vertical axis represents which of the following?
Time
Revenue
Tasks
Cost

24. The Shingo system states that the way to prevent defects from coming out at the end of a process is to do which of the following:
Redesign the process in order to mitigate the bottlenecks.
Utilize SQC (statistical quality control).
Introduce controls within the process.
Slow down production rates until the process is in control.

25. Which of the following terms describes the time a unit spends actually being worked on together with the time spent waiting in a queue?
Flow time
Build time
Cycle time
Run time

26. Which of the following is one of Dr. Eli Goldratt's rules of production scheduling for optimized production technology?
An hour saved at a bottleneck operation does not increase the process flow.
If you lose an hour at a bottleneck it is better than making scrap.
Do not allow bottlenecks to govern the flow of the line.
Utilization and activation of a resource are not the same.

27. During the implementation of a project, which of the following should be the primary focus of a consulting firm?
The correct project software
Application of the learning curve theory
Tools and materials availability
People management skills

28. Which of the following is an analytical tool used in Six-Sigma quality improvement programs?
Gantt charts
Pareto charts
Tree charts
Pedigree charts

29. A project manager must consider several components when overseeing the planning process of aggregate operations; specifically, whether such components are factors that are internal or external to the organization. Which of the following factors would be classified as an internal component for an organization?
Inventory levels and economic conditions
Market demand and subcontractor capacity
Current physical capacity and current workforce
Competitor behavior and current workforce

30. Which of the following is the net requirement using an MRP program if the gross requirement is 10,000 and the inventory on hand is 4,000?
10,000
14,000
6,000
4,000.

Reference no: EM131322446

Questions Cloud

How much stronger is the first relationship than the second : The correlation between self-esteem and shyness is -.50, and the correlation between self-consciousness and shyness is +.25. How much stronger is the first relationship than the second?
Identify a legislative initiative relating to psychology : Create a 10- to 15-slide Microsoft PowerPoint presentation that discusses the following: Identify a legislative initiative relating to psychology. Identify the population and the effect of the initiative
Write down the local linearization of the function : From the local linearizations of ex and sin x near x = 0, write down the local linearization of the function ex sin x. From this result, write down the derivative of ex sin x at x = 0. Using this technique, write down the derivative of ex sin x/(1..
What is the research problem or issue : Describe your selected topic area. Your description of the problem or background of your topic area should include more detail than the overview .Summarize the components, attributes, and/or various segments of the topic area you have selected. Wh..
Which is usually included as an inventory holding cost : Which of the following is usually included as an inventory holding cost? Which production process term best describes the situation when activities in a stage of production must stop because there is no work?
Discusses the ethical principle in this article : Write a 1,050- to 1,400-word paper that discusses the following: The issue in detail and The ethical principle in this article that has been violated
How would test the validity of hypochondriasis scale : Now explain how you would test the validity of your hypochondriasis scale. Discuss how you would examine both construct validity and criterion-related validity.
Research a form of treatment used with the mentally ill : Reflect back on what you have learned throughout this course about the evolution of psychology throughout history. Research a form of treatment used with the mentally ill during a particular decade in the 20th century
Discuss the values and behaviors of the founder : Discuss the values and behaviors of the founder. How have those values and behaviors become embedded within the organization culture?Is the founder currently involved with the organization, or when was the founder last involved?

Reviews

Write a Review

Finance Basics Questions & Answers

  When establishing the level of misstatement that is

public accounting firms are being implored to assess a companys reported earnings per share relative to the market

  Finding out strength as well as weakness of organization

Finding out strength as well as weakness of organization using ratio analysis and what is causing this drop in net income

  Explain how accounting principles can in certain cases

explain how accounting principles can in certain cases create differences between financial statement information and

  Corrected mean and corrected standard deviation

The mean and the standard deviation of a characteristics of 100 items were found to be 60 &10 respectively at the time of calculations two items were taken as 5 & 45 instead of 30 & 20.

  What is the eay of the bonds after issuance costs

8 years ago, your company issued $10M worth of 10-year semiannual bonds that pay a 10% coupon rate. The bond is currently selling for $1,030 per $1,000 bond. The issuance cost was 2%. Today, your firm borrows $8M in secured debt at 6% interest ..

  How much should you pay for the callable bond

Evaluate the value today of one of these bonds to an investor who requires a 14% rate of return on these securities.

  Estimate the standard deviation of a portfolio

Stock X has a standard deviation of returns of 0.6, and Stock Y has a standard deviation of 0.4. The correlation of the two stock is 0.5.

  Which of the following statements about its methodology for

which of the following statements about its methodology for calculating an operational risk capital charge in basel ii

  Option makes a portfolio that is gamma neutral

Explain what position in the option makes a portfolio that is gamma neutral and Give size of position and state whether it is long or short

  Determine the pretax required return

The Gecko Corporation and the Gordon Corporation are two firms whose business risk is the same but they have different dividend policies. Gecko pays no dividends and Gordon has an expected dividend yield of 6%.

  Assessment of the competitive strength

Using your text book, the AUO library and the Internet, research PepsiCo. What is your assessment of the competitive strength of PepsiCo's different business units?

  The 1000 face value bonds of shonesy international have a

the 1000 face value bonds of shonesy international have a 7.5 percent coupon and pay interest annually. currently the

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