Feasibility of a product or service

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Reference no: EM13806542

1. The feasibility of a product or service is evaluated during the:

  • planning phase.
  • evaluation phase.
  • launch phase.
  • concept development phase.

2. A firm's capacity can be limited by members of its supply chain.

  • True 
  • False

Question 3. 3. Which of the following statements about theoretical capacity is best?

  • Theoretical capacity allows adjustments for preventive maintenance.
  • Running a factory at this level for a short time is often better than permanently raising resource levels.
  • Theoretical capacity levels are usually lower than rated capacity levels.
  • Theoretical capacity levels take into account that machines occasionally break and that workers occasionally call in sick.

Question 4. 4. No manufacturing process can be best at everything.

  • True 
  • False

5. A manufacturing process decision affects:

  • the type of workforce needed.
  • the type of equipment needed.
  • the type of products that can be made.
  • All of the above are correct.

6. An expectation that a new building's foundation would be poured and cured by the end of the year is an example of a(n):

  • activity.
  • scope.
  • milestone.
  • precedence.

7. There are more resources required during the performance phase of a project than the project definition phase.

  • True
  •  False

8. The ease with which parts can be replaced or evaluated is:

  • repeatability.
  • serviceability.
  • testability.
  • functionality.

9. An example of a variable cost is:

  • a payment to your raw materials supplier.
  • a lease payment on a piece of equipment.
  • a mortgage payment on buildings.
  • a monthly licensing fee for a software package.

10. Product design refers to the development of physical products and intangible services.

  • True
  • False

Reference no: EM13806542

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