QUESTION Which of the following statements is true of Six Sigma? A. The higher the number of “sigmas,” the higher the number of errors. B. At Six Sigma, a production process would be 90 percent accurate. C. Six Sigma work standards are based solely on numbers or quotas. D. It is almost impossible for a […]
Date: September 3rd, 2020
QUESTION Pink Polka Fashion Inc., a multinational clothing brand, has plans to expand in the European Union (EU) marketplace. To do so, the EU requires the company to: A. adopt techniques of total quality management. B. achieve Six Sigma. C. use just-in-time inventory system. D. patent its designs and technology. E. certify its products under […]
Date: September 3rd, 2020
QUESTION Which of the following best describes the relationship between the number of “sigmas” and the number of errors? A. The higher the number of “sigmas,” the greater the number of errors. B. If the number of “sigmas” is a positive value, then the number of errors is always a negative value. C. The higher […]
Date: September 3rd, 2020
QUESTION Which of the following is a statistically based philosophy that aims to reduce defects, boost productivity, eliminate waste, and cut costs throughout a company? A. ISO 9000 B. Just-in-time C. Six Sigma D. Lean production E. Total quality management ANSWER C
Date: September 3rd, 2020
QUESTION Which of the following is a drawback of ISO 9000 certification? A. It is bureaucratic and costly for many firms. B. It is an impossible standard to achieve. C. It is losing its prominence in international business. D. It is ineffective in improving processes. E. It is ineffective in bringing about quality improvement. […]
Date: September 3rd, 2020
QUESTION Which of the following is a consequence of improved quality control? A. Greater warranty costs B. Higher scrap costs C. Direct reduction in unit costs D. Decreased productivity E. Reduced inventory turnover ANSWER C
Date: September 3rd, 2020
QUESTION Six Sigma refers to a statistically based philosophy that aims to: A. increase defects. B. lower productivity. C. increase the costs of value creation. D. eliminate waste. E. increase cost per unit. ANSWER D
Date: September 3rd, 2020
QUESTION Champion Works Inc. is an animation company, headquartered in the United States. The CEO of the company has decided to outsource some of the production to companies in developing countries, as the firm seems to be losing out on its competitive advantage. This decision to shift functions or processes to less developed countries is […]
Date: September 3rd, 2020
QUESTION Which of the following is a consequence of changes in exchange rates that result in appreciation of the local currency? A. More foreign direct investment into the country B. Decrease in the dollar cost of products exported from the country C. Diminishing of a country’s attractiveness as a manufacturing base D. Transformation of the […]
Date: September 3rd, 2020
QUESTION An important objective shared by both production and logistics functions of an international firm is to: A. increase profits by lowering quality. B. increase foreign competition. C. lower costs by dispersing production activities. D. decrease inventory turnover. E. stock excess inventory on hand. ANSWER C
Date: September 3rd, 2020
