QUESTION Which of the following products is best manufactured in multiple locations close to major markets to reduce transportation costs? A. Pharmaceuticals B. Petroleum products C. Books D. Magazines E. Electronics ANSWER B
Date: September 3rd, 2020
QUESTION Which of the following is a consequence of using flexible machine cells? A. It fails to adapt to the production of different products. B. It generally results in stockpiles of partly finished products. C. It improves capacity utilization and reduces wastes. D. It increases setup time for complex equipment. E. It adds to the […]
Date: September 3rd, 2020
QUESTION Which of the following is an implication of a mass production system? A. It results in short production runs. B. It fails to realize economies of scale. C. It reduces the number of defects and eliminates waste. D. It helps to accommodate consumer preferences for product diversity. E. It creates massive inventories that have […]
Date: September 3rd, 2020
QUESTION Which of the following includes a grouping of various types of machinery, a common materials handler, and a computer to control the production of a family of parts or products? A. Specialized asset B. Dynamic capability C. Turnkey project D. Flexible machine cell E. Just-in-time inventory ANSWER D
Date: September 3rd, 2020
QUESTION The level of output at which most plant-level scale economies are exhausted is known as: A. mass customization. B. break-even point. C. minimum efficient scale. D. just-in-time. E. lean production. ANSWER C
Date: September 3rd, 2020
QUESTION Mass customization reconciles the two goals of: A. centralized production and long production runs. B. product standardization and economies of scale. C. high fixed costs and multiple production facilities. D. low cost and product customization. E. local responsiveness and decentralized production. ANSWER D
Date: September 3rd, 2020
QUESTION Which of the following terms refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output? A. Lean production B. Just-in-time inventory C. Mass customization D. Specialized asset E. Dynamic capability ANSWER C
Date: September 3rd, 2020
QUESTION Flexible manufacturing technologies are specially targeted at enabling companies to: A. establish multiple manufacturing facilities in each major national market. B. build large inventories. C. achieve product standardization across markets. D. increase their work in progress. E. produce customized products without a significant cost penalty. ANSWER E
Date: September 3rd, 2020
QUESTION To be able to accommodate demands for local responsiveness, a firm should: A. ignore national differences in consumer tastes and preferences. B. decentralize production activities to the major national or regional markets. C. ensure that the manufacturing processes in all units are identical. D. standardize the product coming out of all manufacturing units. E. […]
Date: September 3rd, 2020
QUESTION Which of the following increases when a company achieves mass customization via flexible manufacturing technologies? A. Cost structure B. Waste C. Customer responsiveness D. Learning effects E. Externalities ANSWER C
Date: September 3rd, 2020
