Kaizen's - Hunt For Triumph
5 Questions
| Total Attempts: 49
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Questions and Answers
- 1.The purpose of the transportation approach for locational analysis is to minimize.
- A.
Total costs
- B.
Total shipping costs
- C.
Total variable costs
- D.
Total fixed costs
- 2.The Production Order Quantity model
- A.
Relaxes the assumption of known and constant demand
- B.
Uses Ordering Cost, not Setup Cost, in its formula
- C.
Assumes instantaneous delivery
- D.
Is appropriate when units are sold/used as they are produced
- 3.The main objective of Work-Study is to improve.
- A.
Cycle time
- B.
Productivity
- C.
Production
- D.
All of the above
- 4.The term ________ implies the foregone profit due to the inability of the company to produce.
- A.
Opportunity cost
- B.
Marginal cost
- C.
Overhead cost
- D.
All of the above
- 5.Which of the following is a forecasting method?
- A.
Keiretsu
- B.
Taguchi Method
- C.
Delphi Technique
- D.
Both ( b ) and ( c )
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