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Q 1 The probability associated with rejecting a high quality lot is denoted in acceptance sampling with the Greek letter alpha.
Q 2 Quality control charts usually have a central line and upper and lower control limit lines. Which of the following is not a reason that the process being monitored with the chart should be investigated? A. A large number of plots are close to the upper or lower control lines B. Erratic behavior of the plots C. A single plot falls above or below the control limits D. A change in raw materials or operators E. A run of five above the central line
Q 3 Applicants for the Baldrige Award for total quality management must submit an application of up to 50 pages that details the processes and results of their activities under seven major categories. Which of the following is one of those categories? A. DMAIC B. Analysis and Remember management C. Standardization D. Control E. Inspection protocols
Q 4 The Malcolm Baldrige National Quality Award is given to organizations that have done which of the following? A. Instituted a six-sigma approach to total quality control B. Demonstrated a high level of product quality C. Demonstrated outstanding quality in their products and processes D. Have a world-class quality control function E. Most significantly improved their product quality levels
Q 5 Which of the following is the cost of quality classification for costs such as scrap, rework, or repair? A. Appraisal costs B. Prevention costs C. External failure costs D. Internal failure costs E. Rework and wastage
A stock has an expected return of 10.2 percent, the risk-free rate is 4.5 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be?
Objectives of Motion Study: 1. Combine relative activities. 2. Increases the efficiency of activities. 3. Reduce physical fatigue. 4. Eliminate as many unnece
Group Technology- Cellular Manufacturing System In group technology/ cellular manufacturing (CM) machines are grouped into cells and the cells functions somewhat like a produc
Every business must be prepared to deal with the global economy. True False
(EOQ model) Division X is growing and is in constant need of trained employees. The demand rate for trained employees is relatively constant at 5 each month. The division can run a
Explain how the following somewhat match each other: • functional structure with simple structure • divisional structure with departmentalization by product • machine bureaucracy w
Management believes 6,000 WVD drums could be sold each year if the company had sufficient manufacturing capacity. As an alternative to adding another welding machine, management ha
Type your question here is transparency in communication a sure winner, or could a manager have problems with it?
1) How do effective managers assess performance and what is the role and process of the Behaviourally Anchored Rating Scale (BARS)? 2) How is the critical incident technique used t
State the term capacity. Capacity: It is the capability of an operation to do and produce. The maximum restriction to the volume of product or service an organisation can
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