Kaizen's - Hunt For Triumph

5 Questions | Total Attempts: 49

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Kaizen

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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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