1|Page
OMGT 3123 Final Exam ||Verified Exam!!|| Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam!!!
Continuous flow is more efficient but less flexible than job
shop because___________ - Answer-continuous flow
produces products in extreme high volume
_____________ products involve no customization but
_____________ products are completely customized
driven by actual customer orders. - Answer-make to stock,
make to order
Which of the following refers to a production environment
where a product can be made from common components
after receipt of a customer's order - Answer-assemble to
order
The maximum level of output of a system in a certain time
period under ideal conditions is the ________ - Answer-
theorectical capacity
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If the maximum output level of a piece of equipment is at a
rate of 400 units per hour and the actual output during an
hour is 350 units., which of the following is the capacity
utilization rate? - Answer-87.5%
Assume a fixed cost for a process of $120,000. The
variable cost to produce each unit of product is $35 and
the selling price for the finished product is $50. Which of
the following is the number of units that has to be
produced and sold to break-even? - Answer-8,000
A company is considering producing a product for a new
market. The fixed costs required for manufacturing and
delivering the product is $50,000. Labor and material costs
are estimated to be approximately $25.00 per product. If
the product is sold for $35.00 each, the firm's break-even
volume would be - Answer-5,000 units
Total Quality Management is a management philosophy
characterized by customer driven quality that permeates
the entire organization. - Answer-true
, 3|Page
The quality guru, Joseph Juran, is best known for his
contribution to quality of the 14 Points for Management. -
Answer-false
The TQM component of Customer-Driven Quality defines
two main types of customers, those internal to the
organization and those external to the organization. -
Answer-true
Regarding the Cost of Quality, PAF stands for Perfection,
Assessment, and Failure. - Answer-false
Business process is a structured set of activities designed
to produce a specific output - Answer-true
Business process management consist of the following
steps except.... - Answer-bottleneck identification
Which of the following is NOT a benefit of using business
process management - Answer-increased value-added
time
Productivity is expressed as____________ - Answer-
output divided by input
OMGT 3123 Final Exam ||Verified Exam!!|| Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam!!!
Continuous flow is more efficient but less flexible than job
shop because___________ - Answer-continuous flow
produces products in extreme high volume
_____________ products involve no customization but
_____________ products are completely customized
driven by actual customer orders. - Answer-make to stock,
make to order
Which of the following refers to a production environment
where a product can be made from common components
after receipt of a customer's order - Answer-assemble to
order
The maximum level of output of a system in a certain time
period under ideal conditions is the ________ - Answer-
theorectical capacity
,2|Page
If the maximum output level of a piece of equipment is at a
rate of 400 units per hour and the actual output during an
hour is 350 units., which of the following is the capacity
utilization rate? - Answer-87.5%
Assume a fixed cost for a process of $120,000. The
variable cost to produce each unit of product is $35 and
the selling price for the finished product is $50. Which of
the following is the number of units that has to be
produced and sold to break-even? - Answer-8,000
A company is considering producing a product for a new
market. The fixed costs required for manufacturing and
delivering the product is $50,000. Labor and material costs
are estimated to be approximately $25.00 per product. If
the product is sold for $35.00 each, the firm's break-even
volume would be - Answer-5,000 units
Total Quality Management is a management philosophy
characterized by customer driven quality that permeates
the entire organization. - Answer-true
, 3|Page
The quality guru, Joseph Juran, is best known for his
contribution to quality of the 14 Points for Management. -
Answer-false
The TQM component of Customer-Driven Quality defines
two main types of customers, those internal to the
organization and those external to the organization. -
Answer-true
Regarding the Cost of Quality, PAF stands for Perfection,
Assessment, and Failure. - Answer-false
Business process is a structured set of activities designed
to produce a specific output - Answer-true
Business process management consist of the following
steps except.... - Answer-bottleneck identification
Which of the following is NOT a benefit of using business
process management - Answer-increased value-added
time
Productivity is expressed as____________ - Answer-
output divided by input
