{"id":25639,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/bus-515-final-exam-part-1"},"modified":"2017-08-12T06:55:30","modified_gmt":"2017-08-12T06:55:30","slug":"bus-515-final-exam-part-1","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/bus-515-final-exam-part-1\/","title":{"rendered":"BUS 515 FINAL EXAM PART 1"},"content":{"rendered":"<p>Chapter 6<\/p>\n<p>Multiple Choice Question 19<\/p>\n<p>What measures the central tendency of a set of data?<\/p>\n<p>Coefficient of variation<\/p>\n<p>Variance<\/p>\n<p>Standard deviation<\/p>\n<p>Mean<\/p>\n<p>Range&nbsp;<\/p>\n<p>Multiple Choice Question 39<\/p>\n<p>Consider a p-chart measuring the percentage of defective light bulbs. If the LCL is .04 and a sample has 1% defects, what is the implication?<\/p>\n<p>The process is in a state of control.<\/p>\n<p>The process is out of control even though the variation is \u201cgood.\u201d<\/p>\n<p>The value of sigma must be increased.<\/p>\n<p>The process has too many errors.<\/p>\n<p>&nbsp; A calculation error must have occurred<\/p>\n<p>Multiple Choice Question 16<\/p>\n<p>An OC curve is an example of what?<\/p>\n<p>Traditional statistical tools<\/p>\n<p>Fishbone diagramming<\/p>\n<p>Acceptance sampling<\/p>\n<p>Experimental design<\/p>\n<p>Statistical process control<\/p>\n<p>Multiple Choice Question 25<\/p>\n<p>On a control chart, what separates common from assignable causes of variation?<\/p>\n<p>x-bar lines<\/p>\n<p>Control limits<\/p>\n<p>Specification limits<\/p>\n<p>Production limits<\/p>\n<p>Mean divided by standard deviation<\/p>\n<p>Multiple Choice Question 41<\/p>\n<p>What are preset ranges of acceptable quality characteristics?<\/p>\n<p>Control limits<\/p>\n<p>Product specifications<\/p>\n<p>Six-sigma limits<\/p>\n<p>AQC limits<\/p>\n<p>R-chart limits<\/p>\n<p>Chapter 7<\/p>\n<p>Multiple Choice Question 26<\/p>\n<p>According to JIT, __________ is carried to cover up a wide variety of problems, such as poor quality, demand uncertainty, and slow delivery.<\/p>\n<p>Inventory<\/p>\n<p>Excess capacity<\/p>\n<p>A group of back-up workers<\/p>\n<p>Spare equipment<\/p>\n<p>Insurance&nbsp;<\/p>\n<p>Multiple Choice Question 65<\/p>\n<p>Which of the following is not a role of JIT management?<\/p>\n<p>creating a JIT culture<\/p>\n<p>cost and information sharing<\/p>\n<p>serving as coaches and facilitators<\/p>\n<p>developing an incentive system<\/p>\n<p>ensuring multifunctional training occurs<\/p>\n<p>Multiple Choice Question 36<\/p>\n<p>JIT uses a pull system where communication starts with either the customer or with the _________ work station in the production line.<\/p>\n<p>First&nbsp;<\/p>\n<p>Bottleneck<\/p>\n<p>Dominant<\/p>\n<p>Most expensive<\/p>\n<p>Last&nbsp;<\/p>\n<p>&nbsp;Multiple Choice Question 61<\/p>\n<p>JIT production workers are expected to<\/p>\n<p>Cover up quality problems<\/p>\n<p>Ignore data<\/p>\n<p>Take responsibility in getting to the root cause of quality problems<\/p>\n<p>Blame problems on someone else<\/p>\n<p>Have a poor attitude about quality<\/p>\n<p>Multiple Choice Question 70<\/p>\n<p>The benefits of long-term relationships with a small number of suppliers include all of the following except<\/p>\n<p>Always getting the lowest price<\/p>\n<p>Focus on improving process controls<\/p>\n<p>Greater accountability<\/p>\n<p>Develop stable delivery schedules<\/p>\n<p>Eliminate paperwork<\/p>\n<p>Chapter 8<\/p>\n<p>Multiple Choice Question 1<\/p>\n<p>Forecasting is not a function which contributes to:<\/p>\n<p>deciding which business market to pursue<\/p>\n<p>deciding which product to produce<\/p>\n<p>&nbsp;deciding how bonuses should be allocated<\/p>\n<p>deciding how much inventory to carry<\/p>\n<p>deciding how many people to hire<\/p>\n<p>Multiple Choice Question 10<\/p>\n<p>Which forecasting method is particularly good for predicting technological changes and scientific advances?<\/p>\n<p>Market research<\/p>\n<p>Executive opinion<\/p>\n<p>Delphi method<\/p>\n<p>Na\u00efve method<\/p>\n<p>Gamma method<\/p>\n<p>Multiple Choice Question 30<\/p>\n<p>What are the most frequently used forecasting techniques?<\/p>\n<p>Linear regression<\/p>\n<p>Simple mean<\/p>\n<p>Exponential smoothing<\/p>\n<p>Weighted moving average<\/p>\n<p>Econometric models<\/p>\n<p>Multiple Choice Question 17<\/p>\n<p>Which of the following is a causal forecasting method?<\/p>\n<p>Na\u00efve<\/p>\n<p>Moving average<\/p>\n<p>Weighted moving average<\/p>\n<p>Trend adjusted exponential smoothing<\/p>\n<p>Linear regression<\/p>\n<p>Multiple Choice Question 74<\/p>\n<p>\u201cInside information\u201d is most likely garnered through which of the following forecasting methods?<\/p>\n<p>exponential smoothing<\/p>\n<p>seasonal indexes<\/p>\n<p>na\u00efve<\/p>\n<p>Delphi<\/p>\n<p>multiple regression<\/p>\n<p>&nbsp;Chapter 9<\/p>\n<p>Multiple Choice Question 56<\/p>\n<p>The least likely reason for a U.S. firm to choose to locate a factory in a foreign country is _____________.<\/p>\n<p>climate<\/p>\n<p>Natural resources<\/p>\n<p>markets<\/p>\n<p>cheaper suppliers<\/p>\n<p>low labor costs<\/p>\n<p>Multiple Choice Question 55<\/p>\n<p>Issues that need to be considered in location globally include all of the following except______________.<\/p>\n<p>different cultures<\/p>\n<p>FEC accounting requirements<\/p>\n<p>language barriers<\/p>\n<p>different laws<\/p>\n<p>different business practices<\/p>\n<p>Multiple Choice Question 6<\/p>\n<p>Capacity planning is complicated by the fact that ___________________.<\/p>\n<p>capital markets are complex<\/p>\n<p>existing facilities may become obsolete<\/p>\n<p>capacity is difficult to define<\/p>\n<p>capacity is usually purchased in chunks, rather than smooth increments<\/p>\n<p>depreciation must be calculated<\/p>\n<p>Multiple Choice Question 44<\/p>\n<p>Service organizations such as restaurants, movie theaters, and banks focus on locating near ____________.<\/p>\n<p>suppliers<\/p>\n<p>roads<\/p>\n<p>intersections<\/p>\n<p>their customers<\/p>\n<p>potential workers<\/p>\n<p>Multiple Choice Question 25<\/p>\n<p>Management has decided to add capacity incrementally in smaller chunks as needed, rather than purchasing one large facility. This decision ____________________.<\/p>\n<p>is very risky<\/p>\n<p>will result in low initial costs<\/p>\n<p>will ultimately result in lower costs per unit if demand increases rapidly<\/p>\n<p>positions the company to be well prepared for high demand in the future<\/p>\n<p>can lead to a large amount of excess capacity<\/p>\n<p>Chapter 10<\/p>\n<p>Multiple Choice Question 34<\/p>\n<p>The first step in designing a layout is<\/p>\n<p>identifying the facility<\/p>\n<p>gathering information<\/p>\n<p>selecting the correct layout software package<\/p>\n<p>developing a REL chart<\/p>\n<p>developing a from-to matrix<\/p>\n<p>Multiple Choice Question 65<\/p>\n<p>What is the term for a system in which the product being worked on is physically attached to the line and automatically moved to the next station when the cycle time has elapsed?<\/p>\n<p>cyclical line<\/p>\n<p>paced line<\/p>\n<p>&nbsp;autoline<\/p>\n<p>continuous line<\/p>\n<p>constrained line<\/p>\n<p>Multiple Choice Question 4<\/p>\n<p>Which of the following is not one of the four basic layout types?<\/p>\n<p>product<\/p>\n<p>hybrid<\/p>\n<p>process<\/p>\n<p>fixed position<\/p>\n<p>inverted<\/p>\n<p>Multiple Choice Question 27<\/p>\n<p>Which company is widely considered to be the leader of just-in-time production?<\/p>\n<p>Ford<\/p>\n<p>Timex<\/p>\n<p>Gateway<\/p>\n<p>Toyota<\/p>\n<p>Sony<\/p>\n<p>Multiple Choice Question 24<\/p>\n<p>A high-volume paper mill is an example of which layout type?&nbsp;<\/p>\n<p>inverted<\/p>\n<p>circular<\/p>\n<p>process<\/p>\n<p>fixed position<\/p>\n<p>product<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chapter 6 Multiple Choice Question 19 What measures the central tendency of a set of data? Coefficient of variation Variance Standard deviation Mean Range&nbsp; Multiple Choice Question 39 Consider a p-chart measuring the percentage of defective light bulbs. If the <a href=\"https:\/\/www.benedictsol.com\/blogs\/bus-515-final-exam-part-1\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-25639","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/25639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=25639"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/25639\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=25639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=25639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=25639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}