WGU C215 Operations Management -Objective Assessment Prep Guide & Terminologies Combo Study Guide 2024 -2025 with 750 Questions and Verified Correct Answers Guaranteed A+ - CORRECT ANSWER: downtime costs associated with preparing the equipment for the next product being produced" "costs such as scrap costs, calibration costs, and - CORRECT ANSWER: setup cost 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality - CORRECT ANSWER: Total Quality Management (TQM) Philosophy 7 - CORRECT ANSWER: The annual cost of goods sold for a company is $8,400,000 and the average inventory is $1,200,000. What is the number of weeks of supply? 7 - CORRECT ANSWER: The annual cost of goods sold for a company is $8,400,000 and the average inventory is $1,200,000. What is the number of weeks of supply? 14 points for quality improvement - CORRECT ANSWER: Which total quality management (TQM) process was developed to stress management's responsibility for quality? 14 points for quality improvement - CORRECT ANSWER: Which total quality management (TQM) process was developed to stress management's responsibility for quality? 20,500 - CORRECT ANSWER: A company's monthly widgets demand has been consistent for the past few years but now a variable shift in demand is forecasted. The demands are predicted to be: -Jan 20,000 units -Feb 17,000 units -Mar 19,000 units -Apr 21,000 units -May 22,000 units June 24,000 units Beginning inventory of 10,000 units should be maintained. What is the average monthly new widget production demand for the company? 20,500 - CORRECT ANSWER: A company's monthly widgets demand has been consistent for the past few years but now a variable shift in demand is forecasted. The demands are predicted to be: - January 20,000 units - February 17,000 units - March 19,000 units - April 21,000 units - May 22,000 units - June 24,000 units Beginning inventory of 10,000 units should be maintained. What is the average monthly net widget production demand for the company? A card that specifies the exact quantity of product that needs produced. - CORRECT ANSWER: Kanban card A card that specifies the exact quantity of product that needs produced. - CORRECT ANSWER: Kanban card a card that specifies the exact quantity of product that needs to be produced - CORRECT ANSWER: kanban card A card that specifies the exact quantity of product that needs to be produced. - CORRECT ANSWER: Kanban card a chart showing the sequence of steps in producing the product or service - CORRECT ANSWER: process flowchart a chart that identifies potential causes of particular quality problems - CORRECT ANSWER: cause -and-effect diagram A chart that identifies potential causes of particular quality problems. - CORRECT ANSWER: Cause and effect diagrams A chart that identifies potential causes of particular quality problems. - CORRECT ANSWER: Cause and effect diagrams A chart that shows frequency distribution of observed values of a variable. - CORRECT ANSWER: Histogram A chart that shows frequency distribution of observed values of a variable. - CORRECT ANSWER: Histogram a chart that shows the frequency distribution of observed values of a variable - CORRECT ANSWER: histogram A chase aggregate plan - CORRECT ANSWER: Which type of aggregate plan is preferable when a company produces custom or special purpose equipment, one -of-a-
kind items, or highly perishable products? a chase aggregated plan - CORRECT ANSWER: Which type of aggregated plan is preferable when a company produces custom or special purpose equipment, one of a kind, or highly perishable products? A company can quickly adapt to changing customer needs. - CORRECT ANSWER: Flexible A company can quickly adapt to changing customer needs. - CORRECT ANSWER: Flexible a company can quickly adapt to the changing needs of its customers - CORRECT ANSWER: flexibility a company receives a fee for executing a transaction - CORRECT ANSWER: transaction fee model A company receives a fee for executing a transaction - CORRECT ANSWER: Transaction fee model A company receives a fee for executing a transaction - CORRECT ANSWER: Transaction fee model a competitive priority focusing on low cost - CORRECT ANSWER: cost a competitive priority focusing on offering a wide variety of goods or services - CORRECT ANSWER: flexibility a competitive priority focusing on speed and on -time delivery - CORRECT ANSWER: time a competitive priority focusing on the quality of goods and services - CORRECT ANSWER: quality a concept that takes a total system approach to creating efficient operations - CORRECT ANSWER: lean systems a condition in which the average cost of a unit produced is reduced as the amount of output is increased - CORRECT ANSWER: economies of scale A condition in which the cost of each additional unit made decreases. - CORRECT ANSWER: Economies of scale A condition in which the cost of each additional unit made decreases. - CORRECT ANSWER: Economies of scale a condition in which the cost of each additional unit made increases - CORRECT ANSWER: diseconomies of scale A condition in which the cost of each additional unit made increases. - CORRECT ANSWER: Diseconomies of scale A condition in which the cost of each additional unit made increases. - CORRECT ANSWER: Diseconomies of scale a condition occurring when there are more people on the payroll than are needed to produce the planned output - CORRECT ANSWER: undertime a constant production plan for a facility with a given planning horizon - CORRECT ANSWER: uniform plant loading A constant production plan for a facility with a given planning horizon. - CORRECT ANSWER: Uniform plant loading A constant production plan for a facility with a given planning horizon. - CORRECT ANSWER: Uniform plant loading a constrained optimization problem in which all the functions involving decision variables are linear - CORRECT ANSWER: linear program (LP) a constraint such as 3x ₁ + 5x ₂ ≤ 22, often used to model a limitation on the amount of a resource that can be used - CORRECT ANSWER: less-than-or-equal -to constraint a constraint such as 4x ₁ + 7x ₂ ≥ 50, often used to model a requirement that must be satisfied - CORRECT ANSWER: greater -than-or-equal -to constraint a constraint such as 6x ₁ + 3x ₂ = 30, used to specify that a requirement must be met exactly - CORRECT ANSWER: equality constraint
kind items, or highly perishable products? a chase aggregated plan - CORRECT ANSWER: Which type of aggregated plan is preferable when a company produces custom or special purpose equipment, one of a kind, or highly perishable products? A company can quickly adapt to changing customer needs. - CORRECT ANSWER: Flexible A company can quickly adapt to changing customer needs. - CORRECT ANSWER: Flexible a company can quickly adapt to the changing needs of its customers - CORRECT ANSWER: flexibility a company receives a fee for executing a transaction - CORRECT ANSWER: transaction fee model A company receives a fee for executing a transaction - CORRECT ANSWER: Transaction fee model A company receives a fee for executing a transaction - CORRECT ANSWER: Transaction fee model a competitive priority focusing on low cost - CORRECT ANSWER: cost a competitive priority focusing on offering a wide variety of goods or services - CORRECT ANSWER: flexibility a competitive priority focusing on speed and on -time delivery - CORRECT ANSWER: time a competitive priority focusing on the quality of goods and services - CORRECT ANSWER: quality a concept that takes a total system approach to creating efficient operations - CORRECT ANSWER: lean systems a condition in which the average cost of a unit produced is reduced as the amount of output is increased - CORRECT ANSWER: economies of scale A condition in which the cost of each additional unit made decreases. - CORRECT ANSWER: Economies of scale A condition in which the cost of each additional unit made decreases. - CORRECT ANSWER: Economies of scale a condition in which the cost of each additional unit made increases - CORRECT ANSWER: diseconomies of scale A condition in which the cost of each additional unit made increases. - CORRECT ANSWER: Diseconomies of scale A condition in which the cost of each additional unit made increases. - CORRECT ANSWER: Diseconomies of scale a condition occurring when there are more people on the payroll than are needed to produce the planned output - CORRECT ANSWER: undertime a constant production plan for a facility with a given planning horizon - CORRECT ANSWER: uniform plant loading A constant production plan for a facility with a given planning horizon. - CORRECT ANSWER: Uniform plant loading A constant production plan for a facility with a given planning horizon. - CORRECT ANSWER: Uniform plant loading a constrained optimization problem in which all the functions involving decision variables are linear - CORRECT ANSWER: linear program (LP) a constraint such as 3x ₁ + 5x ₂ ≤ 22, often used to model a limitation on the amount of a resource that can be used - CORRECT ANSWER: less-than-or-equal -to constraint a constraint such as 4x ₁ + 7x ₂ ≥ 50, often used to model a requirement that must be satisfied - CORRECT ANSWER: greater -than-or-equal -to constraint a constraint such as 6x ₁ + 3x ₂ = 30, used to specify that a requirement must be met exactly - CORRECT ANSWER: equality constraint
