MQM 227 Exam with Questions and Answers 100% Correct
A difference between project and continuous flow categories of process flow
structures is which of the following? - ✔✔The size and bulk of the product
A listing of immediate predecessor activities is important information in a CPM
analysis for which of the following reasons? - ✔✔It specifies the relationships in
the CPM network of activities.
A make-to-order firm will work with the customer to design the product and
then make it from purchased materials, parts, and components. - ✔✔False
A project can be subdivided into which of the following? - ✔✔Work packages
A reason that firms must develop more new products than ever is which of the
following? - ✔✔Product life cycles are shorter.
All other things remaining the same, if the sales revenue increases, asset
turnover ratio will - ✔✔Increase
Assume a fixed cost for a process of $15,000. The variable cost to produce each
unit of product is $10, and the selling price for the finished product is $25.
Which of the following is the number of units that has to be produced and sold
to break even? - ✔✔1,000 Units
Automobiles and appliances are classified as "pure goods." - ✔✔False
, Buying a ticket for a college football game where there are multiple windows at
which to buy the ticket features which type of queuing system line structure? -
✔✔Multichannel, single phase
Capacity can be defined as the ability to hold, receive, store, or accommodate -
✔✔True
Capacity flexibility means having the ability to rapidly increase or decrease
production levels or to shift production capacity quickly from one product or
service to another. - ✔✔True
Capacity planning involving acquisition or disposal of fixed assets such as
buildings, equipment or facilities is considered as which one of the following
planning horizons? - ✔✔Long range
Capacity planning involving consideration of production scheduling and
inventory position is characterized by which one of the following time
durations? - ✔✔Short range
Consumer electronics is an example of a product developed in which variant of
the generic product development process? - ✔✔Platform products
Design for manufacturing and assembly delivers product improvements by
emphasizing which of the following? - ✔✔Simplification of the product by
reducing the number of separate parts
Economic analysis of product development projects is useful in which of the
following circumstances? - ✔✔Go/no-go milestones
A difference between project and continuous flow categories of process flow
structures is which of the following? - ✔✔The size and bulk of the product
A listing of immediate predecessor activities is important information in a CPM
analysis for which of the following reasons? - ✔✔It specifies the relationships in
the CPM network of activities.
A make-to-order firm will work with the customer to design the product and
then make it from purchased materials, parts, and components. - ✔✔False
A project can be subdivided into which of the following? - ✔✔Work packages
A reason that firms must develop more new products than ever is which of the
following? - ✔✔Product life cycles are shorter.
All other things remaining the same, if the sales revenue increases, asset
turnover ratio will - ✔✔Increase
Assume a fixed cost for a process of $15,000. The variable cost to produce each
unit of product is $10, and the selling price for the finished product is $25.
Which of the following is the number of units that has to be produced and sold
to break even? - ✔✔1,000 Units
Automobiles and appliances are classified as "pure goods." - ✔✔False
, Buying a ticket for a college football game where there are multiple windows at
which to buy the ticket features which type of queuing system line structure? -
✔✔Multichannel, single phase
Capacity can be defined as the ability to hold, receive, store, or accommodate -
✔✔True
Capacity flexibility means having the ability to rapidly increase or decrease
production levels or to shift production capacity quickly from one product or
service to another. - ✔✔True
Capacity planning involving acquisition or disposal of fixed assets such as
buildings, equipment or facilities is considered as which one of the following
planning horizons? - ✔✔Long range
Capacity planning involving consideration of production scheduling and
inventory position is characterized by which one of the following time
durations? - ✔✔Short range
Consumer electronics is an example of a product developed in which variant of
the generic product development process? - ✔✔Platform products
Design for manufacturing and assembly delivers product improvements by
emphasizing which of the following? - ✔✔Simplification of the product by
reducing the number of separate parts
Economic analysis of product development projects is useful in which of the
following circumstances? - ✔✔Go/no-go milestones
