Business Production MCQs
Business Production MCQs
Answer these Business Production MCQs and assess your grip on the subject of Business Production.
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1: ____ involves deciding how to approach and plan the risk management activities for the project.
A. Identifying risks
B. Planning risk management
C. Performing qualitative risk analysis
D. Performing quantitative risk analysis
2: ____ is a pure-play company.
A. Technological development
B. Ad-impression
C. Amazon.com
D. Intranet
3: _____ is the single most important source of capital for most new companies.
A. Trade credit
B. Common stock
C. A Treasury bill
D. A floating-rate bond
E. Commercial paper
4: The production of large goods such as airplanes is best accomplished using a ____ layout.
A. Product
B. Process
C. Cellular
D. Fixed position
5: Quick setup or changeover of tooling and fixtures is associated with ____.
A. Single-piece flow
B. Six sigma
C. Visual controls
D. Single minute exchange of dies
6: The main goal of utilizing a mass customization production system is to ________.
A. Produce a customized product at almost the rate of mass production while
B. Protecting property rights
C. Growing role for developing nations
D. A producer of unique iPhone applications
7: The _____ is a measure of quality control equal to 1 fault in 1 million opportunities problems.
A. ISO 9000
B. Six 9s of quality rule
C. Seven run rule
D. Six Sigma rule
8: The list of the 5ss supports lean production by __________.
A. Having limited ability to respond to changes in product and quality
B. identifying non-value items and removing them, in the sort/segregate item
C. In-transit inventory falls as suppliers are located closer to facilities
D. Jones Company has decreased the number of job classifications to just a few
9: Three critical productivity input variables are __________.
A. Quality, efficiency, and low cost
B. Labor, capital and management
C. Lack of precise units of measurement
D. Technology, raw materials and labor
10: With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.
A. A kickback
B. Situation analysis
C. Waste
D. A bribe
11: Lost sales and goodwill are potentially significant costs that may arise from ________.
A. Too little inventory.
B. Re-order level
C. Economic Order Quantity (EOQ)
D. Min value
12: The __________ is used to flag a forecasting model that is getting out of control.
A. Moving average model
B. Tracking signal
C. Causal models
D. A trend
13: Transaction costs and loss of customer goodwill are both examples of ____.
A. Setup costs
B. Ordering costs
C. Holding costs
D. Stockout costs
14: _____ addresses how well a product or service performs the customers intended use.
A. Maintainability
B. Performance
C. Reliability
D. Functionality
15: _____ is the ratio of the output of a process to the input.
A. Variability
B. Flexibility
C. Reliability
D. Productivity
16: _________ has/have helped firms to concentrate on their core business.
A. Supply chains
B. Scheduling
C. Outsourcing
D. ERP
E. Lean production
17: ___________ inventory is the costliest form of inventory one can hold.
A. Finished goods
B. Raw materials
C. Components
D. Work-in-process
18: Tqm is __________, designed to build quality into the product and process design.
A. Reactive
B. Proactive
C. Strategic
D. Competitive
E. Standardized
19: Excitement characteristics are categories in the _________ model.
A. Bipolar
B. Kano
C. Pareto
D. Quality
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Business Production MCQs
