Lean operations and jit Study guides, Study notes & Summaries

WGU C483 Practice Test 2 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical Ans: A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis Ans: D.) Decision-making 3.)In a SWOT analysis, the absence...

PRE-ASSESSMENT: OPERATIONS MANAGEMENT (VDC2) PVDC Attempt #1 Status: Passed 1. Which definition used for quality evaluates how well a product performs its intended function? YOUR ANSWER CORRECT ANSWER Fitness for use Support services Value for price paid Psychological criteria 2. Which total quality management (TQM) process was developed to stress management’s responsibility for quality? YOUR ANSWER CORRECT ANSWER Statistical quality control c...

Foundations of Operations Management, 4e Cdn. (Ritzman) Chapter 3: (More) Sustainable Supply Chains and Humanitarian Logistics 3.1 End-of-Chapter Problems 1) It is perfectly alright to describe a business as sustainable. Answer: FALSE Diff: 2 Type: TF Reference: More Sustainable Supply Chains 2) No supply chain is sustainable because so many complex interactions may improve social performance. Answer: TRUE Diff: 1 Type: TF Reference: More Sustainable Supply Chains ...

budgeting - Answer the allocation of scarce resources among competing demands allotment - Answer controls the rate of spending authorized by an appropriation allocation - Answer controls specific use of the monies appropriated cash basis accounting - Answer income is not counted until cash (or check) is actually received, and expenses are not counted until they are actually paid. accrual basis accounting - Answer Transactions are recognized at the time they are incurred, as opposed to when...

C720 Readiness Assessment 4.0 Under what two conditions should a periodic review system be adopted? Choose 2 answers When a company must manually track inventory levels When a supplier will only deliver at a specific interval When a supplier will not be able to monitor the inventory When the demand for a product is constant, but at a low level What characteristics are mostly associated with a perpetual inventory system? Choose 2 answers When a company must manually track inventor...

Managerial Accounting, 7e (Wild) Chapter 1 Managerial Accounting Concepts and Principles 1) Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and compare actual to planned results. Answer: TRUE Difficulty: 1 Easy Topic: Purpose of Managerial Accounting Learning Objective: 01-C1 Explain the purpose and nature of, and the role of ethics in, managerial accounting. Bloom's: Remember AACSB/Accessibility: Communication /...

MSSC Final Practice Test QUESTIONS AND VERIFIED ANSWERS LATEST UPDATE 2023 Communication is a process by which we assign and convey meaning in an attempt to create __________. - ANSWER Shared understanding Lean manufacturing is a method of eliminating waste. What is the purpose of eliminating waste? - ANSWER Reduce both cost and lead time while increasing quality In communication, to avoid making assumptions is a special responsibility of the __________. - ANSWER Receiver JIT red...

WGU C215 Pre-assessment PVDC questions correctly answered 2023 Which definition used for quality evaluates how well a product performs its intended function? - correct answer Fitness for use Which total quality management (TQM) process was developed to stress management's responsibility for quality? - correct answer 14 points for quality improvement Which total quality management (TQM) process consists of 13 published standards and guidelines? - correct answer ISO 9000 A company manuf...

WGU C215 Operations Management PVDC questions and answers (2023) Which definition is used for quality evaluates how well a product performs its intended function? - correct answer Fitness for use Which total quality management (TQM) process was developed to stress management's responsibility for quality? - correct answer 14 points for quality improvement Which total quality management (TQM) process consists of 13 published standards and guidelines? - correct answer ISO 9000 A company ...

1. TQM: Total Quali- ty Management 2. Customer De- fined Quality 3. Conformance to specification 4. Example of Con- formance to specification is an integrated organizational effort designed to improve quality at every level. TQM is about meeting quality expectations as defined by the customer. measures how well the product or service meets the targets and tolerances determined by its designers. The wait for hotel room service may be specified as 20 minutes, but there may be an acceptable delay...