What does Quality Control focus on?

Checking products after production

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

Data privacy and cybersecurity risks

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

Trademarks, copyrights, patents

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

(defective output / total output) x 100

Which of the following best describes offshoring?

Transferring business functions to another country

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

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

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

High levels of worker motivation

Which of the following is a benefit of contingency planning?

Saves valuable time in a crisis

What is Digital Taylorism?

Tracking and analyzing employee performance using data

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 an example of incremental innovation?

Gillette adding extra blades to its razors

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

To ensure products are delivered efficiently from suppliers to customers

What is the main goal of Lean Production?

Reduce waste and improve efficiency

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Unit 5 - Operations

20 termsStudBud Administration17 plays

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Questions 20

Answers

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

Unit 5 - Operations Flashcards | StudBud