MGT-5140A - Production Operations Management oed answer key

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Awesome StudentQuestion • Production Operations Management

The lesser the degree of demand uncertainty, the greater the amount cushion needed

Answer

True

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Awesome StudentQuestion • Production Operations Management

Which of the following should be the first thing to do in generating new products?

Answer

Generating and screening ideas for new products

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Awesome StudentQuestion • Production Operations Management

Arises when actual production is less than what is achievable or optimal for a firm

Answer

Excess Capacity

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Awesome StudentQuestion • Production Operations Management

A system that is used to maintain a desired level of quality in a product or service

Answer

Quality Control

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Awesome StudentQuestion • Production Operations Management

Focused not only on product and service quality, but also on the means to achieve it

Answer

Quality Management

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Awesome StudentQuestion • Production Operations Management

It refers to something that is being made and with a purpose to be sold to consumers

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Awesome StudentQuestion • Production Operations Management

The purposeful change of a process to improve the reliability of achieving an outcome

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Awesome StudentQuestion • Production Operations Management

Employees with the use of their expert knowledge of the process, make better decisions

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Awesome StudentQuestion • Production Operations Management

Having a long-term vision of the challenges one needs to face to realize one's ambition

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Awesome StudentQuestion • Production Operations Management

This term is used to describe a situation in which an item does not perform as intended

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Awesome StudentQuestion • Production Operations Management

Facilities System consists of all equipment, machinery and furnishings within the building

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Awesome StudentQuestion • Production Operations Management

In idea generation, listing of customer needs and the identification of ________ are done

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Awesome StudentQuestion • Production Operations Management

A measure of the effective use of resources, usually expressed as the ratio of output to input

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Awesome StudentQuestion • Production Operations Management

Which of the following does not include in the time series models in quantitative forecasting?

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Awesome StudentQuestion • Production Operations Management

It is a process of imagining and creating a thing or object which is meant for mass production

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Awesome StudentQuestion • Production Operations Management

Optimum space utilization increases the time in material and people movement and promotes safety

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Awesome StudentQuestion • Production Operations Management

Buying or leasing the business premises are the possible options of choosing for business premise

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Awesome StudentQuestion • Production Operations Management

Physical database modeling depends on the software already being used in the business organization

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Awesome StudentQuestion • Production Operations Management

_________ was the first one to introduce the value engineering analysis during the World War II era

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