Reference no: EM132181029
1. Which of the following is most associated with world class performance measurement systems?
a. Productivity measures are heavily upon
b. Firm success is guided by financial and economic measures
c. They link firm strategies and operating decisions to customer requirements
d. None of these choices are correct.
2. Good performance measurement systems:
a. Are purchased from software providers
b. Use primarily financial performance measures
c. Assist in pricing of products
d. Help to eliminate non-value-creating activities
3. Which of the following is most associated with world class performance measurement systems?
a. Productivity measures are heavily upon
b. Firm success is guided by financial and economic measures
c. They link firm strategies and operating decisions to customer requirements
d. None of these choices are correct.
4. True or Fale
There are three elements to standardization: processing time, work sequence, and inventory. Work sequence can be standardized in service settings.?
5. True or false
All flow units should have the same exit point in a production process.
6. True or false
Managers are much more prone to underinvest in flexibility when the product is innovative than to overinvest in flexibility when the product is functional.
2. Reworked units consume more time at a resource involved with rework than good units.
True or false
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