What is the primary goal of Supply Chain Management (SCM)?

To ensure products are delivered efficiently from suppliers to customers

Which of the following is the correct equation for defect rate?

(defective output / total output) x 100

What are the main types of intellectual property rights (IPR)?

Trademarks, copyrights, patents

Which of the following is an example of incremental innovation?

Gillette adding extra blades to its razors

What is Digital Taylorism?

Tracking and analyzing employee performance using data

Which of the following is a key advantage of job production?

High levels of worker motivation

What is a major concern related to the Internet of Things (IoT)?

Data privacy and cybersecurity risks

What does Quality Control focus on?

Checking products after production

Which of the following is a consequence of a low capacity utilization rate?

Underused resources and higher per-unit costs, Minimal time for maintenance repairs

What is the main difference between crisis management and contingency planning?

Contingency planning is proactive, while crisis management is reactive

Which of the following is a benefit of contingency planning?

Saves valuable time in a crisis

Which of the following best describes offshoring?

Transferring business functions to another country

What is the main goal of Lean Production?

Reduce waste and improve efficiency

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Unit 5 - Operations

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Questions 20

Answers

1
What is the primary goal of Supply Chain Management (SCM)?
To manage customer relationships
To ensure products are delivered efficiently from suppliers to customers
To monitor employee performance
To increase the marketing budget
2
Which of the following is a limitation of break-even analysis?
It includes quantitative and qualitative factors
It is not suitable for a single-product firm
It assumes all costs are variable
It assumes all output is sold
3
Which of the following is the correct equation for defect rate?
(defective output x 100) / (total output + 100)
(total output – defective output / total output) x 100
(defective output / total output) x 100
(total output / defective output) x 100
4
Which production method relies heavily on automation and is used for high-volume, standardized products?
Flow production
Job production
Batch production
Lean production
5
What are the main types of intellectual property rights (IPR)?
Marketing, innovation, branding
Logos, slogans, advertising
Branding, licensing, franchising
Trademarks, copyrights, patents
6
Which of the following is an example of incremental innovation?
Gillette adding extra blades to its razors
Netflix replacing DVDs with online streaming
Tesla inventing self-driving cars
Apple launching the first iPhone
7
What is Digital Taylorism?
The creation of digital marketing content
Using AI to train robots
Tracking and analyzing employee performance using data
Using virtual reality for advertising
8
Which of the following is a key advantage of job production?
Low production costs
High levels of worker motivation
Large economies of scale
Fast production times
9
What is a major concern related to the Internet of Things (IoT)?
Data privacy and cybersecurity risks
Difficulty in analyzing data
Poor product design
Increased cost of employee training
10
What does Quality Control focus on?
Ensure quality throughout the process
Managing employee performance
Preventing defects during production
Checking products after production
11
Which of the following is a consequence of a low capacity utilization rate?
Underused resources and higher per-unit costs
low profit margin
Minimal time for maintenance repairs
Increased efficiency and lower costs
12
What is the main difference between crisis management and contingency planning?
Contingency planning is proactive, while crisis management is reactive
Both are reactive strategies
Crisis management is proactive, while contingency planning is reactive
Both involve responding after a crisis happens
13
Where is the buffer stock located?
Re-order level
Maximum stock level
At the point where a new order is placed
Minimum stock level
14
Which of the following is a benefit of contingency planning?
Saves valuable time in a crisis
Guarantees no crisis will happen
Eliminates all risks
Allows businesses to react without preparation
15
Which of the following best describes offshoring?
Bringing outsourced functions back home
Hiring external staff for short-term projects
Moving production within the same country
Transferring business functions to another country
16
Which of the following is NOT a method of lean production?
Kaizen (Continuous Improvement)
Benchmarking
Just-in-Time (JIT)
Cradle-to-Cradle (C2C)
17
What is the main goal of Lean Production?
Maximize product variety
Increase employee workload
Increase inventory levels
Reduce waste and improve efficiency
18
Sunset industries benefits the most from R&D investment.
False
True
19
A company reverses offshoring and brings production back home. This is called:
Reshoring
Offshoring
Outsourcing
Insourcing
20
What is the margin of safety in units?
100 units
150 units
200 units
50 units

Unit 5 - Operations Flashcards | StudBud