FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 9: Production and Operations Management

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 51

Multiple Choice

Review LaterAdd Note

Review Later

A bar graph that shows what projects or tasks are in process and how much of each is completed is called a(n) :

A) Grid chart.
B) Gantt chart.
C) Priority chart.
D) Stem chart.

E) B) and C)
F) A) and B)

Correct Answer

verified

Show Answer

Question 52

True/False

Review LaterAdd Note

Review Later

In a just-in-time inventory system,the producer holds large quantities of the materials and components used in the production process in its inventory to ensure that it always has enough on hand.

A) True
B) False

Correct Answer

verified

Show Answer

Question 53

Multiple Choice

Review LaterAdd Note

A company becomes lean by _________ its capacity to produce high-quality goods,while ___________ its need for resources.

Reviewing the PERT Network below: If it takes 1,2,or 3 weeks for each activity (represented by a box) to be completed,the critical path is represented by:

Which of the following statements best reflects the approach state and local governments take to influence the location decisions of businesses? State and local governments:

The goal of lean manufacturing is to:

Mini-Case "These are exciting times for our company.We've made a lot of changes over the past two years that have really improved our operations and lowered our costs.Now we are ready to expand into new markets.Minimotors is on its way to becoming a global player." The speaker was Sparky Weyer,president and CEO of Minimotors,Inc. ,a growing manufacturer of small (some of them downright tiny) electric motors used in a variety of power tools and appliances.Sparky was meeting with potential financial backers in an effort to obtain funding for some expensive new machinery he wanted to purchase."You may have heard about some of the ways we've cut costs," Sparky continued."We've developed a new arrangement with several of our biggest suppliers.They've agreed to make more frequent deliveries tied directly to our production schedules.This will help us reduce our inventory costs dramatically.We've also greatly reduced the number of defective motors we produce by carefully keeping tabs on all of our manufacturing processes.In fact,we have set a goal of reducing our defects to 3.4 parts per million.The main purpose of my meeting with you today is because we want to install some sophisticated new machinery and software that will allow us to quickly design and produce motors to the exact specifications of our customers.The machinery is computer-controlled and can produce custom-designed products at very little increase in cost compared to our mass produced motors.We feel this flexibility and quick response time will give us a tremendous competitive advantage and help us attract new customers.Installing the new equipment and training our workers to use it properly will be a complex project,but I'm confident that once we get everything up and running we'll be able to strengthen our position as the leading maker of high-quality electric motors." -Sparky sees quality control in terms of detecting potential problems to prevent their occurrence and thus save Minimotors money.The quality control process that is most closely linked to Sparky's goal is known as:

Production management is the traditional term used to describe all the activities managers do to help their firms create:

Operations management converts resources into goods and services.

Featured Furnishings is a company that specializes in producing custom-made furniture.A continuous production process would be the most efficient way for Featured Furnishings to produce its products.

Since U.S.manufacturing competes on price throughout the world,innovation plays a very small part in the U.S.economy.

In a just-in-time inventory system,suppliers:

Operations management in the service sector is focused on creating:

J & R Industries typically produces very large batches of standardized products used by plumbers,such as pipefittings and valves that must be produced in standard sizes.A continuous production process would work well for J & R.

A product manufacturing layout is used to produce large quantities of a few types of products.

Mini-Case "These are exciting times for our company.We've made a lot of changes over the past two years that have really improved our operations and lowered our costs.Now we are ready to expand into new markets.Minimotors is on its way to becoming a global player." The speaker was Sparky Weyer,president and CEO of Minimotors,Inc. ,a growing manufacturer of small (some of them downright tiny) electric motors used in a variety of power tools and appliances.Sparky was meeting with potential financial backers in an effort to obtain funding for some expensive new machinery he wanted to purchase."You may have heard about some of the ways we've cut costs," Sparky continued."We've developed a new arrangement with several of our biggest suppliers.They've agreed to make more frequent deliveries tied directly to our production schedules.This will help us reduce our inventory costs dramatically.We've also greatly reduced the number of defective motors we produce by carefully keeping tabs on all of our manufacturing processes.In fact,we have set a goal of reducing our defects to 3.4 parts per million.The main purpose of my meeting with you today is because we want to install some sophisticated new machinery and software that will allow us to quickly design and produce motors to the exact specifications of our customers.The machinery is computer-controlled and can produce custom-designed products at very little increase in cost compared to our mass produced motors.We feel this flexibility and quick response time will give us a tremendous competitive advantage and help us attract new customers.Installing the new equipment and training our workers to use it properly will be a complex project,but I'm confident that once we get everything up and running we'll be able to strengthen our position as the leading maker of high-quality electric motors." -Sparky knows that installing the new equipment and training workers to use it efficiently will be a long and complex process consisting of many different tasks.Which of the following methods would help him determine how long this project is likely to take?

The Ritz-Carlton hotel offers restaurants with the finest service,elevators that run smoothly,and a front desk that processes people quickly.Many times fresh-cut flowers are in the lobbies and dishes of fruit are in each room.__________ is responsible for implementing these customer benefits.

Which of the following statements best describes the impact of recent advances in information technology on business location decisions?

In order to determine overall progress on her current project,production manager Michelle Hudson often refers to a bar graph that shows what activities are being worked on,and how much of each task has been completed on a daily basis.Michelle is using a Gantt chart.

The purpose of a PERT network is: