Archives: Quiz
978-0134741062 Test Bank Chapter 7 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 7 Project Management 7.1 Defining and Organizing Projects 1) A project is an interrelated set of activities that has a definite starting and ending point. Answer: TRUE Difficulty: Easy Keywords: project […]
978-0134741062 Test Bank Chapter 6 Part 3
23) Champion Cooling Company uses a kanban system at their location in the Oklahoma City Metroplex. The daily demand for fans is 2,000 and management insists on using an alpha level of 0.1. They use containers that hold 20 items […]
978-0134741062 Test Bank Chapter 6 Part 2
60) All improvements to the Toyota Production System must be made using the ________ method. Answer: scientific Difficulty: Moderate Keywords: TPS, Toyota Production System, scientific method Learning Outcome: Describe the advantages and disadvantages of various production strategies such as lean, […]
978-0134741062 Test Bank Chapter 6 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 6 Lean Systems 6.1 Continuous Improvement Using a Lean Systems Approach 1) The just-in-time (JIT) philosophy is the belief that cutting inventory and removing non-value-added activities in operations can eliminate waste. […]
978-0134741062 Test Bank Chapter 5 Part 3
23) Customers demand muffalettas at the rate of 20 sandwiches per hour. Use the information in Table 5.4 to determine the maximum efficiency you can achieve balancing this line with an output rate that meets demand. A) 84% B) 100% […]
978-0134741062 Test Bank Chapter 5 Part 2
8) Use the information in Table 5.1. Using the bottleneck method, which product should be scheduled first? A) Product A B) Product B C) Product C D) Product D Answer: C Difficulty: Challenging Keywords: TOC, bottleneck, profit per minute at […]
978-0134741062 Test Bank Chapter 5 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 5 Constraint Management 5.1 The Theory of Constraints 1) A bottleneck is an operation that has the lowest effective capacity of any operation in the process. Answer: TRUE Difficulty: Easy Keywords: […]
978-0134741062 Test Bank Chapter 4 Part 3
43) The ________ is the set of consecutive time periods considered for planning purposes. Answer: planning horizon Difficulty: Easy Keywords: planning horizon Learning Outcome: Explain options for managing bottlenecks and managing capacity in service and manufacturing processes AACSB: Application of […]
978-0134741062 Test Bank Chapter 4 Part 2
14) Use the information in Table 4.1. The company works 250 days per year and operates two shifts, each covering 8 hours. If a 15 percent capacity cushion is maintained, how many hours of capacity can the company expect from […]
978-0134741062 Test Bank Chapter 4 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 4 Capacity Planning 4.1 Planning Long-Term Capacity 1) Capacity is the maximum rate of output of a process. Answer: TRUE Difficulty: Easy Keywords: capacity, maximum output rate Learning Outcome: Explain options […]
978-0134741062 Test Bank Chapter 3 Part 4
57 79) A bank randomly looks at loan applications and checks them for errors. Ten applications and the number of errors identified on the applications are found in the following table. When the process is working correctly, the average number […]
978-0134741062 Test Bank Chapter 3 Part 3
41 55) Use the data in Table 5.4. What would be the best chart to construct to monitor how consistent the production process is? A) p-chart B) c-chart C) x-bar chart D) R-chart Answer: D Difficulty: Moderate Keywords: SPC, R-chart, […]
978-0134741062 Test Bank Chapter 3 Part 2
21 6) Wider limits on a control chart result in lower probability of a type I error. Answer: TRUE Difficulty: Moderate Keywords: control chart, type II error Learning Outcome: Apply basic statistical process control (SPC) methods AACSB: Application of Knowledge […]
978-0134741062 Test Bank Chapter 3 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 3 Quality and Performance 3.1 Costs of Quality 1) The investment a company makes in training employees to perform their duties and redesigning products and processes to improve them would be […]
978-0134741062 Test Bank Chapter 2 Part 4
60 89) Compare and contrast the method of time study to the method of work sampling. What are the strengths and limitations of each, and for which applications are they best suited? Answer: Both are direct observation methods. However, a […]
978-0134741062 Test Bank Chapter 2 Part 3
36) Garman observes a worker assembling peanut valves and records the data displayed in the table. What is the normal time for this job element if the worker is rated at 80%? Time (seconds) Observations 20 10 25 15 30 […]
978-0134741062 Test Bank Chapter 2 Part 2
30) The break-even graph shown below represents the cost structure associated with a flexible production process and one that is fixed (less flexible). Using the information displayed in the graph, determine the cost structures associated with the two alternative production […]
978-0134741062 Test Bank Chapter 2 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 2 Process Strategy and Analysis 2.1 Process Structure in Services 1) Process decisions are strategic in nature. Answer: TRUE Difficulty: Easy Keywords: process strategy Learning Outcome: Discuss operations and operations management […]
978-0134741062 Test Bank Chapter 15 Part 2
15 23) The Alphabet Soup Company is delivering the monthly supply of their fine product to their seven customers. The distances in miles between the customers are shown in the table and, wishing to be as efficient as possible, the […]
978-0134741062 Test Bank Chapter 15 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 15 Supply Chain Sustainability 15.1 The Three Elements of Supply Chain Sustainability 1) The essence of sustainability is the ability to meet humanity’s current needs without harming future generations. Answer: TRUE […]
978-0134741062 Test Bank Chapter 14 Part 2
27) Approaches to e-purchasing include all of the following except: A) catalog hubs. B) radio frequency identification (RFID). C) exchanges. D) electronic data interchange (EDI). Answer: B Difficulty: Challenging Keywords: supply chain, buying, e-purchasing Learning Outcome: Compare common approaches to […]
978-0134741062 Test Bank Chapter 14 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 14 Supply Chain Integration 14.1 Supply Chain Disruptions 1) Supply chain integration is the effective coordination of supply chain processes through the seamless flow of information to suppliers, but does not […]
978-0134741062 Test Bank Chapter 13 Part 3
23) Five sources exist for the civet cat coffee favored by true coffee connoisseurs. The four processing centers for these coffee beans are scattered about the country, each with a different level of demand. The five sources all face different […]
978-0134741062 Test Bank Chapter 13 Part 2
6) An operations manager has narrowed down the search for a new King Kola plant to three locations. Fixed and variable costs follow. Location Fixed Cost Variable Cost A $100,000 $10 B $150,000 $7 C $200,000 $5 Plot the total […]
978-0134741062 Test Bank Chapter 13 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 13 Supply Chain Logistic Networks 13.1 Factors Affecting Location Decisions 1) If the customer must be physically present at the process, location is an important issue. Answer: TRUE Difficulty: Easy Keywords: […]
978-0134741062 Test Bank Chapter 12 Part 2
6) An efficient supply chain typically has: A) a high capacity cushion. B) high inventory turns. C) supply chain partners that emphasize fast high quality. D) supply chain partners that emphasize volume flexibility. Answer: B Difficulty: Moderate Keywords: efficient supply […]
978-0134741062 Test Bank Chapter 12 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 12 Supply Chain Design 12.1 Creating an Effective Supply Chain 1) The purpose of supply chain management is to synchronize a firm’s processes with those of its suppliers and customers. Answer: […]
978-0134741062 Test Bank Chapter 11 Part 3
33 68) Complete the following MRP record using the FOQ rule: Answer: Difficulty: Moderate Keywords: MRP record, FOQ, fixed order quantity Learning Outcome: Apply the process of materials requirements planning (MRP) AACSB: Analytical Thinking Learning Obj.: Apply the logic of […]
978-0134741062 Test Bank Chapter 11 Part 2
Scenario 11.2 Item Amount Item Amount Item Amount O 17 F 15 D 30 P 25 U 11 E 93 C 13 N 34 Inventory amounts indicated in the table are available to produce the end item indicated in this […]
978-0134741062 Test Bank Chapter 11 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 11 Resource Planning 11.1 Material Requirements Planning 1) Material requirements planning (MRP) is a computerized information system developed specifically to aid in managing dependent demand inventory and scheduling replenishment orders. Answer: […]
978-0134741062 Test Bank Chapter 10 Part 4
29) Use the information in Table 10.10. What is the average past due (in days) using the EDD rule? A) fewer than or equal to 2 days B) greater than 2 days but fewer than or equal to 3 days […]
978-0134741062 Test Bank Chapter 10 Part 3
41 22) A service firm uses a level utilization production-planning horizon of six months. They have developed a forecast for the coming six months that appears in the table. They can add no more than 33% of their production capacity […]
978-0134741062 Test Bank Chapter 10 Part 2
26) What is the difference between a chase strategy and a level strategy in sales and operations planning? Answer: A chase strategy involves hiring and laying off employees to match the demand forecast over the planning horizon. The output level […]
978-0134741062 Test Bank Chapter 10 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 10 Operations Planning and Scheduling 10.1 Levels in Operations Planning and Scheduling 1) Operations planning and scheduling is the process of making sure demand and supply plans are in balance. Answer: […]
978-0134741062 Test Bank Chapter 1 Part 2
14) For students not wanting a traditional major in marketing or accounting, for example, the college decided to create a general business major, which allowed any combination of the easiest business courses to comprise the program. The competitive priority achieved […]
978-0134741062 Test Bank Chapter 1 Part 1
Operations Management: Processes and Supply Chains, 12e (Krajewski) Chapter 1 Using Operations to Create Value 1.1 Role of Operations in an Organization 1) Operations management refers to the direction and control of inputs that transform processes into products and services. […]
978-0134519579 Test Bank Chapter 9
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 9 The Instruments of Trade Policy 9.1 Basic Tariff Analysis 1) Specific tariffs are A) import taxes stated in specific legal statutes. B) import taxes calculated as a fixed charge […]
978-0134519579 Test Bank Chapter 8
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 8 Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises 8.1 The Theory of Imperfect Competition 1) A monopolistic firm A) can sell as much as it wants […]
978-0134519579 Test Bank Chapter 7
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 7 External Economies of Scale and the International Location of Production 7.1 Economies of Scale and International Trade: An Overview 1) If a firm’s output more than doubles when all […]
978-0134519579 Test Bank Chapter 6
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 6 The Standard Trade Model 6.1 A Standard Model of a Trading Economy 1) The meaning of “terms of trade” is A) the amount of exports sold by a country. […]
978-0134519579 Test Bank Chapter 5
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 5 Resources and Trade: The Heckscher-Ohlin Model 5.1 Model of a Two-Factor Economy 1) In the 2-factor, 2-good Heckscher-Ohlin model, an influx of workers from across the border would A) […]
978-0134519579 Test Bank Chapter 4
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 4 Specific Factors and Income Distribution 4.1 The Specific Factors Model 1) The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict […]
978-0134519579 Test Bank Chapter 3
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model 3.1 The Concept of Comparative Advantage 1) Trade between two countries can benefit both countries if A) each country exports that […]
978-0134519579 Test Bank Chapter 22 Part 2
4) Brazil’s 1999 crisis was relatively short lived because A) Brazil’s financial institutions had avoided borrowing all together. B) Brazil’s financial institutions had avoided heavy borrowing in local currency. C) Brazil’s financial institutions had avoided heavy borrowing in dollars. D) […]
978-0134519579 Test Bank Chapter 22 Part 1
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 22 Developing Countries: Growth, Crisis, and Reform 22.1 Income, Wealth, and Growth in the World Economy 1) The world’s economies can be divided into four main categories according to their […]
978-0134519579 Test Bank Chapter 21 Part 2
16) Which one of the following statements is TRUE for Norway, a non-euro country? A) Of course, owners of capital that cannot be moved cannot avoid more of the economic stability loss due to fixed exchange rates when Norway’s economy […]
978-0134519579 Test Bank Chapter 21 Part 1
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 21 Optimum Currency Areas and the Euro 21.1 How the European Single Currency Evolved 1) The European Economic and Monetary Union A) set up a single currency and sole bank […]
978-0134519579 Test Bank Chapter 20 Part 2
7) Banks in the U.S. A) cannot hold common stocks. B) can hold common stocks. C) cannot hold common stocks of companies they do business with. D) cannot hold common stocks of companies that have their headquarters in the same […]
978-0134519579 Test Bank Chapter 20 Part 1
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 20 Financial Globalization: Opportunity and Crisis 20.1 The International Capital Market and the Gains from Trade 1) If you are offered a gamble in which you win 500 dollars 3/8 […]
978-0134519579 Test Bank Chapter 2
International Economics: Theory and Policy, 11e (Krugman et al.) Chapter 2 World Trade: An Overview 2.1 Who Trades with Whom? 1) Approximately what percent of all world production of goods and services is exported to other countries? A) 10% B) […]