Which is the one correct value stream principle

Assignment Help Business Management
Reference no: EM131004441

1.Which of the following is considered a major process flow structure?

Lead Time

Fabrication

Lean Manufacturing

Project

2.ISO audits result in certifications that are done by first, second, or third parties. Which of the following result in the best certification of a firm?

Certification is sought by any firm assuming they pay annual dues.

2nd Party where a customer audits its supplier

3rd Party where a qualified national or international standards/certifying agency serves as an auditor

1st Party where a firm audits itself against ISO standards

3.Which of the following is ISO 14000 primarily concerned with?

Quality management

Time management

Continuous improvement management

Environmental management

4. Which is the one correct value stream principle?

Look for efficiencies in the factory, office, physical, procedural, and technical operations.

Eliminate waste that stops, slows down, or diverts the value stream.

Concentrate on speeding up value-adding operations rather than removing waste.

Keep the value stream moving at minimum velocity.

5. What is the starting point in developing a capacity plan for a health care operation?

Determining the effective capacity over time

Estimating design capacity

Forecasting patient demand for a reasonable length of time

Discovery of the bottleneck operation

6. Which of the following is considered an organizational blueprint, which prescribes the quantity and time frame for when each end product will be assembled?

MRP (Material Requirements Plan)

ERP (Enterprise Resource Planning)

MPS (Master Production Schedule)

WBS (Work Breakdown Structure)

7.Which of the following is an element that addresses elimination of waste under lean production?

Kanban production control system

Production ahead of demand

Minimized run times

Group plant loading technology

8. In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?

Level elements

Future elements

Past elements

Cyclical elements

9. Design for manufacturing and assembly delivers product improvements by emphasizing which of the following:

Reducing product quality during the assembly process

Designing products so they can be manufactured by a virtual factory

Reducing equipment in the production process

Simplification of the product by reducing the number of separate parts

10. Which of the following is one of the principles of reengineering?

Quality at the source

Do not select suppliers on the basis of price alone.

Have those who use the output of a process perform the process.

Leverage high cost employees with lower cost employees.

11. Which of the following is a characteristic that can be used to guide the design of service systems?

Services are all similar.

Services businesses are inherently entrepreneurial.

Quality work means quality service.

Services cannot be inventoried.

12. Considering Hau Lee s uncertainty framework for classifying supply chains, which of the following is given to a supply chain which has an evolving supply process based on functional products?

Risk hedging

Forward looking

Efficient

Agile

13. There are many applications of poka-yokes in service organizations. Which of the following is one of the three-T's used to classify poka-yokes?

Trust

Teamwork

Task

Time

14. Which of the following is a major factor that distinguishes service design and development from manufacturing design and development?

The service package has the same legal protection available to manufactured goods.

Manufacturing is far more capital intensive than services.

The service process and service product can be developed independently.

The service package is the major output of the development process.

15. A project can be segmented into which of the following

Events

Sub-jobs

Work packages

Success markers

16. Which of the following is a cost impact and payoff analysis tool from the operations consulting tool kit?

Statistical tools

Decision trees

Work sampling

Gap analysis

17. According to the theory of constraints, which of the following can be a capacity-constrained resource (CCR)?

Product design

Inoperable equipment

An employee

A customer

18. The ability to rapidly and inexpensively switch production from one product to another enables which of the following:

Economies of shape

Economies of size

Economies of scale

Economies of scope

19. According to the theory of constraints, which of the following financial measurements can be used to measure the firm's ability to make money?

Operating expenses

Dividends

Sales

Return on investment

20. Deming s PDCA (plan, do, check, and act) cycle underlies what inherent Six Sigma principle?

Continuous improvement

Control charting

Standard deviation

Project management

21. Which of the following is usually included as an inventory holding cost?

Order placing

Quantity discounts

Breakage

Typing up an order

22. Which production process term best describes the situation when activities in a stage of production must stop because there is no work?

Blocking

Starving

Staging

Buffering

23. In a Gantt chart the vertical axis represents which of the following?

Time

Revenue

Tasks

Cost

24. The Shingo system states that the way to prevent defects from coming out at the end of a process is to do which of the following:

Redesign the process in order to mitigate the bottlenecks.

Utilize SQC (statistical quality control).

Introduce controls within the process.

Slow down production rates until the process is in control.

25. Which of the following terms describes the time a unit spends actually being worked on together with the time spent waiting in a queue?

Flow time

Build time

Cycle time

Run time

26. Which of the following is one of Dr. Eli Goldratt's rules of production scheduling for optimized production technology?

An hour saved at a bottleneck operation does not increase the process flow.

If you lose an hour at a bottleneck it is better than making scrap.

Do not allow bottlenecks to govern the flow of the line.

Utilization and activation of a resource are not the same.

27. During the implementation of a project, which of the following should be the primary focus of a consulting firm?

The correct project software

Application of the learning curve theory

Tools and materials availability

People management skills

28. Which of the following is an analytical tool used in Six-Sigma quality improvement programs?

Gantt charts

Pareto charts

Tree charts

Pedigree charts

29. A project manager must consider several components when overseeing the planning process of aggregate operations; specifically, whether such components are factors that are internal or external to the organization. Which of the following factors would be classified as an internal component for an organization?

Inventory levels and economic conditions

Market demand and subcontractor capacity

Current physical capacity and current workforce

Competitor behavior and current workforce

30. Which of the following is the net requirement using an MRP program if the gross requirement is 10,000 and the inventory on hand is 4,000?

10,000

14,000

6,000

4,000

Reference no: EM131004441

Questions Cloud

Provide the insight necessary for a sound capex decision : Think of two negative and two positive considerations SWAN would face when purchasing a larger facility. Dedicate one paragraph to each consideration and provide the insight necessary for a sound CAPEX decision.
Find the arc length parameter along the curve : Find the arc length parameter along the curve from the point where t = 0 by evaluating s(t) = 0∫t |v(τ)| dτ. r(t) = (5cos t)i + (5sin t)j + 6tk.
Determine the decreases in variable cost necessary to meet : Hambry's president has a goal of $1 million profit next year at each plant with no revenue or fixed cost increases. Determine the decreases (dollar amounts and percentages) in variable cost necessary to meet this goal if the number of units sold i..
Effect of hideke taxable income : What is the effect on Masaya's taxable income if he gives the passive activity to his daughter Hideko when the fair market value of the passive activity is $40,000? What would the effect of this be on Hideko's taxable income?
Which is the one correct value stream principle : Which of the following is ISO 14000 primarily concerned with?
Determine the resistance : where R (the resistance) and C (the capacitance) are constants. If the voltage V across a certain capacitor with capacitance C = 3 x 10-6 farads drops from 10 volts to 1 volt in two seconds, determine the resistance R.
Determine the project ror : The results are estimated to positively impact net cash flow starting 6 years from now and for the foreseeable future at an average level of $6 million per year. As an initial screening for economic viability, determine both the no-return and i ..
Identify risks which may impede or affect your ability : Identify risks and potential issues which may impede or affect your ability to introduce smart handheld devices - Your journal task is to present various factors that you need to consider while planning to introduce smart handheld devices
Participates in the rental activity : What is Mort's adjusted gross income for 2009, 2010, and 2011 if he qualifies as a real estate professional? What is Mort's adjusted gross income for 2009, 2010, and 2011 if he actively participates in the rental activity?

Reviews

Write a Review

Business Management Questions & Answers

  Face to face interactionsin an increasingly internet world

face to face interactionsin an increasingly internet world what could possibly replace the face to face? is this good

  Discuss various factors that affect the demand for bonds

Interpret this graph using the Loan able funds theory. Discuss various factors that affect the demand for bonds and supply of bonds.

  What is agency theoryagency theory is the theory that

what is agency theory?agency theory is the theory that describes the relationship between two parties in either the

  Quality team effectiveness amp employee developmentplease

quality team effectiveness amp employee developmentplease explain1. how can an employee be motivated by quality

  Organization life cyclesapply the concept of life cycle to

organization life cyclesapply the concept of life cycle to an organization with which you are familiar such as a

  Provide a clear idea of the role that the executive branch

provide a clear idea of the role that the executive branch plays in health policy formulation and

  Explain contribute toward an office supply business

Explain contribute toward an office supply business that they would like to start up and They are aware that there will be stiff competition in the business district where they will be opening

  Review financial and market performance

You are required to demonstrate to a board of directors the viability of your business. This report needs to be based on the full completed 6 quarters. Note, the board of directors has not seen the business plan presented to the venture capitalist..

  Revenue models and potential strategic alliances

Bob wants you to consider each of the other revenue models and potential strategic alliances which might make sense for this site. Write a report of 200 words, summarised with recommendations?

  Calculate the ebit-tax and net income

Write the answers to the following questions in Word or Excel format, including your calculation and the results. Use the Attach File function below.

  Capture the complexity of motivating individuals in a

capture the complexity of motivating individuals in a diverse workforceprepare a mini-scenario that captures the

  Write steps to take making decision to implement program

Utilizing S.W.O.T. analysis write down 1,000 to 1,200 word paper explaining steps to be taken in making decision to implement the program or not at this time.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd