Final QA! Flashcards
According to Brigham Young, what will ruin the nation?
Gold and silver the the “heart’s content”
The more customized the product, the easier it is to forecast demand.
False!
Match these:
Standard Assembly to Order
Low Variety Make to Stock
High Variety Engineer to Order
Custom Make to Order
Standard Make to Stock
Low Variety Assemble to Order
High Variety Make to Order
Custom Engineer to Order
A company’s process strategy is its approach to converting resources (inputss) into goods and services
True
A process that utilizes inexpensive, general-purpose capital equipment will tend to have lower variable costs than a process that utilizes expensive specialized capital equipment
False
When computing the theoretical minimum number of workstations for a product layout, you should always round up to the nearest whole number.
True
A process that utilizes inexpensive general-purpose capital equipment will tend to employ higher-skilled workers.
True
Generally speaking, the more specialized the production equipment, the lower the variable costs.
True
Which fast-food company unknowingly migrated its business into a product-process matrix “mismatch zone” during the 1990s, driving up their inventory costs?
McDonalds
Which firm discussed in class relied most on responsiveness in its production and operations strategy?
Dell
Efficiency, not responsiveness, should be the primary focus of processes that produce a great variety of products
False
The financial services industry, in terms of GDP, has more than doubled since the 1960s
True
