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1. What is a bottleneck in a flowchart?
A) The point where production is evened out
B) Multiple storage areas
C) Two stages operating independently
D) The longest task in the process
2. Which element is part of a financial plan?
A) Product pricing
B) SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis
C) Budget projections
D) Compensation planning
3. How does inventory management differ for manufacturing organizations compared to service organizations?
A) Manufacturing organizations must maintain tangible inventory.
B) Service organizations must maintain work-in-progress types of inventory.
C) Service organizations are concerned with managing idle time due to material and component shortages.
D) Manufacturing organizations must keep large amounts of product on hand at all times, regardless of demand.
4. A company is experiencing an unusual amount of deliveries that are either late or an incorrect quantity.
Which type of system is used to identify and manage this type of problem?
A) FMS (flexible manufacturing system)
B) MRP (material requirements planning)
C) ERP (enterprise resource planning)
D) CRP (capacity requirements planning)
5. Which factor determines how long it takes a qualified operator to perform a duty of the job requirements under the assumption that the operator is working at a sustainable pace with the proper tools for the process?
A) Standard time
B) Performance time
C) Normal time
D) Observed time
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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