Businesss Foundations Seminar Mid Term PCR S12 Quiz Review

_____ is the combining of natural resources, human resources, and capital to produce goods and services. A. Production B. Marketing C. Specialization D. Utilization E. Mechanization

A. Production

The product layout is sometimes called the _____ layout. A. process B. assembly-line C. customized D. intermittent E. variable

B. assembly-line

One useful tool for routing is _____, where production managers "map" the flow from suppliers through the factory to customers. A. value-stream mapping B. production charting C. route visualization D. bottleneck identification E. process mapping

A. value-stream mapping

_____ layout arranges work flow around the production process. All workers performing similar tasks are grouped together. A. intermittent B. process C. assembly D. product-line E. fixed-position

B. process

The _____ is the entire sequence of securing inputs, producing goods, and delivering goods to a customers. A. production life cycle B. supply chain C. channel of distribution D. product life cycle E. demand chain

B. supply chain

_____ focuses on smoothing transitions along the supply chain so that the firm can satisfy its customers with quality products and services while focusing on forging tighter bonds with its suppliers. A. Partnering distribution B. Channel power management C. Supply chain management D. Distribution smoothing E. Participative channel management

C. Supply chain management

Total quality management focuses on: A. creating buyer/supplier dependence B. computer-aided design C. continuous improvement D. creating transactional relationships E. stakeholder harmony

C. continuous improvement

Computer-aided manufacturing (CAM) uses computers to: A. design new programs B. design new products C. develop and control production processes D. modify products E. test new products

C. develop and control production processes

The two key aspects of production control are: A. routing and inventory management B. inventory and raw material availability C. routing and scheduling D. raw material availability and scheduling E. labor management and raw material availability

C. routing and scheduling

Operations management is: A. the process of turning product research into new product development B. a part of marketing C. the management of the production conversion process D. how the firm is managed on a day-to-day basis E. a combination of strategic and tactical management activities

C. the management of the production conversion process