Week 2

Question 1

Which of the following is considered a fixed cost?

Accepted Answer

Rent

Question 2

What is one benefit of using technology and software in production?

Accepted Answer

Improves data management and accuracy

Question 3

Which factor is considered when determining the physical location for production?

Accepted Answer

Supplier and market proximity

Question 4

What is the impact of an efficient production location?

Accepted Answer

Reduces operational costs

Question 5

The product/service launch phase involves final testing and design adjustments.

Accepted Answer

False

Question 6

What is the primary role of suppliers in the production process?

Accepted Answer

Providing raw materials or services

Question 7

Marketing and production should be aligned to ensure that the production capabilities meet market demand.

Accepted Answer

True

Question 8

Flexible working hours can improve operational efficiency during peak production periods.

Accepted Answer

True

Question 9

What is the main purpose of financial milestones in the production process?

Accepted Answer

To set revenue and profit goals

Question 10

What is the purpose of a product prototype phase?

Accepted Answer

To test design concepts and functionality

Question 11

What does a flexible working hours system affect in production?

Accepted Answer

Employee work-life balance

Question 12

Supplier selection criteria include factors like quality, cost, and reliability.

Accepted Answer

True

Question 13

Which of the following skills are critical for operating machinery in production?

Accepted Answer

Technical skills

Question 14

Proximity to suppliers is not a critical factor in determining the location of production.

Accepted Answer

False

Question 15

What type of technology helps with production management?

Accepted Answer

ERP systems

Question 16

What is a key criterion when selecting suppliers?

Accepted Answer

Supplier reputation

Question 17

Why is regular equipment maintenance important in production?

Accepted Answer

To enhance safety and avoid downtime

Question 18

Regular equipment maintenance is unnecessary if equipment is new.

Accepted Answer

False

Question 19

Which of the following is a variable cost in production?

Accepted Answer

Rent, Materials

Question 20

Which activity is part of the design phase in production milestones?

Accepted Answer

Creating conceptual design drafts

Questions 20