MGMT*2150 Quiz 4 Exam With Complete Questions And
Answers 100% Pass
3 types of production planning - ANSWER design planning, facilities planning, operational
planning
differences in quality are measured by.... - ANSWER types of resources used, timing of
product consumption, measuring quality (satisfied customers)
research and development (R&D) - ANSWER a set of activities intended to identify new ideas
that have the potential to result in new goods and services
Design planning - ANSWER the development of a plan for converting an idea into an actual
good or service, includes decisions related to product line design, production capacity and
selection of manufacturing technology
the major decisions of design planning are to... - ANSWER design a product line, estimate
production capacity, evaluate production technology options
capacity - ANSWER the amount of product that an organization can produce in a given period
of time
when choosing production facilities, what are some considerations that must be made? -
ANSWER proximity to major customers, availability and cost of labour, cost of construction
,and operations, access to key resources
facility layout - ANSWER the arrangement of machinery, equipment and employees within a
production factory
supply chain management - ANSWER the coordination of members of the supply channel
with the goal of reducing inefficiencies, costs and redundancies
materials requirement planning (MRP) - ANSWER a computerized system that integrates
production planning and inventory control
enterprise resource planning (ERP) - ANSWER a computerized system that integrates
production planning, inventory control, quality statistics, sales data and more
3 main aspects of operations planning and control - ANSWER supply chain management,
scheduling, quality control
scheduling - ANSWER the process of specifying and controlling time required for each step in
the process to ensure that the materials and other resources are in the right place at the right
time
PERT (program evaluation and review technique) chart - ANSWER graphic representation of
the PERT technique for scheduling and maintaining control of the schedule
, Gantt chart - ANSWER a graphic scheduling device that displays the tasks to be performed on
the vertical axis and the time required for each task on the horizontal axis
critical path - ANSWER the sequence of activities that take the longest time from start to
finish. a delay in critical path activities will delay completion of a project or production
process
total quality management - ANSWER coordinated efforts directed at improving customer
satisfaction, increasing employee participation, strengthening supplier relationships and
facilitating an organizational atmosphere of continuous quality improvement
six sigma - ANSWER a disciplined approach that relies on statistical data and improved
methods to eliminate defects
true or false: a product can be a good or a service - ANSWER true
consumer product - ANSWER a product purchased to satisfy personal and family needs
business product - ANSWER a product bought for resale, for making other products or for use
in a business's operations
convenience product - ANSWER a relatively inexpensive, frequently purchased item which
Answers 100% Pass
3 types of production planning - ANSWER design planning, facilities planning, operational
planning
differences in quality are measured by.... - ANSWER types of resources used, timing of
product consumption, measuring quality (satisfied customers)
research and development (R&D) - ANSWER a set of activities intended to identify new ideas
that have the potential to result in new goods and services
Design planning - ANSWER the development of a plan for converting an idea into an actual
good or service, includes decisions related to product line design, production capacity and
selection of manufacturing technology
the major decisions of design planning are to... - ANSWER design a product line, estimate
production capacity, evaluate production technology options
capacity - ANSWER the amount of product that an organization can produce in a given period
of time
when choosing production facilities, what are some considerations that must be made? -
ANSWER proximity to major customers, availability and cost of labour, cost of construction
,and operations, access to key resources
facility layout - ANSWER the arrangement of machinery, equipment and employees within a
production factory
supply chain management - ANSWER the coordination of members of the supply channel
with the goal of reducing inefficiencies, costs and redundancies
materials requirement planning (MRP) - ANSWER a computerized system that integrates
production planning and inventory control
enterprise resource planning (ERP) - ANSWER a computerized system that integrates
production planning, inventory control, quality statistics, sales data and more
3 main aspects of operations planning and control - ANSWER supply chain management,
scheduling, quality control
scheduling - ANSWER the process of specifying and controlling time required for each step in
the process to ensure that the materials and other resources are in the right place at the right
time
PERT (program evaluation and review technique) chart - ANSWER graphic representation of
the PERT technique for scheduling and maintaining control of the schedule
, Gantt chart - ANSWER a graphic scheduling device that displays the tasks to be performed on
the vertical axis and the time required for each task on the horizontal axis
critical path - ANSWER the sequence of activities that take the longest time from start to
finish. a delay in critical path activities will delay completion of a project or production
process
total quality management - ANSWER coordinated efforts directed at improving customer
satisfaction, increasing employee participation, strengthening supplier relationships and
facilitating an organizational atmosphere of continuous quality improvement
six sigma - ANSWER a disciplined approach that relies on statistical data and improved
methods to eliminate defects
true or false: a product can be a good or a service - ANSWER true
consumer product - ANSWER a product purchased to satisfy personal and family needs
business product - ANSWER a product bought for resale, for making other products or for use
in a business's operations
convenience product - ANSWER a relatively inexpensive, frequently purchased item which
