BUS 515 FINAL EXAM PART 1

Chapter 6

Multiple Choice Question 19

What measures the central tendency of a set of data?

Coefficient of variation

Variance

Standard deviation

Mean

Range 

Multiple Choice Question 39

Consider a p-chart measuring the percentage of defective light bulbs. If the LCL is .04 and a sample has 1% defects, what is the implication?

The process is in a state of control.

The process is out of control even though the variation is “good.”

The value of sigma must be increased.

The process has too many errors.

  A calculation error must have occurred

Multiple Choice Question 16

An OC curve is an example of what?

Traditional statistical tools

Fishbone diagramming

Acceptance sampling

Experimental design

Statistical process control

Multiple Choice Question 25

On a control chart, what separates common from assignable causes of variation?

x-bar lines

Control limits

Specification limits

Production limits

Mean divided by standard deviation

Multiple Choice Question 41

What are preset ranges of acceptable quality characteristics?

Control limits

Product specifications

Six-sigma limits

AQC limits

R-chart limits

Chapter 7

Multiple Choice Question 26

According to JIT, __________ is carried to cover up a wide variety of problems, such as poor quality, demand uncertainty, and slow delivery.

Inventory

Excess capacity

A group of back-up workers

Spare equipment

Insurance 

Multiple Choice Question 65

Which of the following is not a role of JIT management?

creating a JIT culture

cost and information sharing

serving as coaches and facilitators

developing an incentive system

ensuring multifunctional training occurs

Multiple Choice Question 36

JIT uses a pull system where communication starts with either the customer or with the _________ work station in the production line.

First 

Bottleneck

Dominant

Most expensive

Last 

 Multiple Choice Question 61

JIT production workers are expected to

Cover up quality problems

Ignore data

Take responsibility in getting to the root cause of quality problems

Blame problems on someone else

Have a poor attitude about quality

Multiple Choice Question 70

The benefits of long-term relationships with a small number of suppliers include all of the following except

Always getting the lowest price

Focus on improving process controls

Greater accountability

Develop stable delivery schedules

Eliminate paperwork

Chapter 8

Multiple Choice Question 1

Forecasting is not a function which contributes to:

deciding which business market to pursue

deciding which product to produce

 deciding how bonuses should be allocated

deciding how much inventory to carry

deciding how many people to hire

Multiple Choice Question 10

Which forecasting method is particularly good for predicting technological changes and scientific advances?

Market research

Executive opinion

Delphi method

Naïve method

Gamma method

Multiple Choice Question 30

What are the most frequently used forecasting techniques?

Linear regression

Simple mean

Exponential smoothing

Weighted moving average

Econometric models

Multiple Choice Question 17

Which of the following is a causal forecasting method?

Naïve

Moving average

Weighted moving average

Trend adjusted exponential smoothing

Linear regression

Multiple Choice Question 74

“Inside information” is most likely garnered through which of the following forecasting methods?

exponential smoothing

seasonal indexes

naïve

Delphi

multiple regression

 Chapter 9

Multiple Choice Question 56

The least likely reason for a U.S. firm to choose to locate a factory in a foreign country is _____________.

climate

Natural resources

markets

cheaper suppliers

low labor costs

Multiple Choice Question 55

Issues that need to be considered in location globally include all of the following except______________.

different cultures

FEC accounting requirements

language barriers

different laws

different business practices

Multiple Choice Question 6

Capacity planning is complicated by the fact that ___________________.

capital markets are complex

existing facilities may become obsolete

capacity is difficult to define

capacity is usually purchased in chunks, rather than smooth increments

depreciation must be calculated

Multiple Choice Question 44

Service organizations such as restaurants, movie theaters, and banks focus on locating near ____________.

suppliers

roads

intersections

their customers

potential workers

Multiple Choice Question 25

Management has decided to add capacity incrementally in smaller chunks as needed, rather than purchasing one large facility. This decision ____________________.

is very risky

will result in low initial costs

will ultimately result in lower costs per unit if demand increases rapidly

positions the company to be well prepared for high demand in the future

can lead to a large amount of excess capacity

Chapter 10

Multiple Choice Question 34

The first step in designing a layout is

identifying the facility

gathering information

selecting the correct layout software package

developing a REL chart

developing a from-to matrix

Multiple Choice Question 65

What is the term for a system in which the product being worked on is physically attached to the line and automatically moved to the next station when the cycle time has elapsed?

cyclical line

paced line

 autoline

continuous line

constrained line

Multiple Choice Question 4

Which of the following is not one of the four basic layout types?

product

hybrid

process

fixed position

inverted

Multiple Choice Question 27

Which company is widely considered to be the leader of just-in-time production?

Ford

Timex

Gateway

Toyota

Sony

Multiple Choice Question 24

A high-volume paper mill is an example of which layout type? 

inverted

circular

process

fixed position

product

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Lets Write For You
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat