OPERATIONS MANAGEMENT CHAPTER
4 ACCURATE QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
Value Analysis - ANSWER Examination of the function of parts and materials in am effort to reduce cost
and/or improve performance.
Designing For Operation - ANSWER Taking into account the capabilities of the organization in designing
goods and services.
Product Liability - ANSWER The responsibility of a manufacturer for any injuries or damages caused by a
faulty product.
Uniform Commercial Code - ANSWER Products carry an implication of merchantability and fitness.
Life Cycle - ANSWER Incubation, growth, maturity, and decline.
Standardization - ANSWER Extent to which there is absence of variety in a product, service, or process.
Mass Customization - ANSWER A strategy of producing basically standardized goods, but incorporating
some degree of customization.
Delayed Differentiation - ANSWER The process of producing, but not quite completing, a product or
service until customer preferences are known.
Modular Design - ANSWER A form of standardization in which component parts are grouped into
modules that are easily replaced or interchanged.
Reliability - ANSWER The ability of a product, part, or system to perform its intended function under a
prescribed set of conditions.
Failure - ANSWER Situation in which a product, part, or system does not perform as intended.
4 ACCURATE QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
Value Analysis - ANSWER Examination of the function of parts and materials in am effort to reduce cost
and/or improve performance.
Designing For Operation - ANSWER Taking into account the capabilities of the organization in designing
goods and services.
Product Liability - ANSWER The responsibility of a manufacturer for any injuries or damages caused by a
faulty product.
Uniform Commercial Code - ANSWER Products carry an implication of merchantability and fitness.
Life Cycle - ANSWER Incubation, growth, maturity, and decline.
Standardization - ANSWER Extent to which there is absence of variety in a product, service, or process.
Mass Customization - ANSWER A strategy of producing basically standardized goods, but incorporating
some degree of customization.
Delayed Differentiation - ANSWER The process of producing, but not quite completing, a product or
service until customer preferences are known.
Modular Design - ANSWER A form of standardization in which component parts are grouped into
modules that are easily replaced or interchanged.
Reliability - ANSWER The ability of a product, part, or system to perform its intended function under a
prescribed set of conditions.
Failure - ANSWER Situation in which a product, part, or system does not perform as intended.
