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(solution) MULTIPLE CHOICE Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of..


MULTIPLE CHOICE Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5) They take twice the human effort. They have the same defects in the finished product. They require half of the engineering effort. They use half the floor space for the same output. They carry 50% more inventory. Question 2.2. (TCO 7) Operations management includes (Points : 5) facility location but not layout. facility layout but not location. capacity planning. just-in-time inventory control. holding output steady while lowering costs. Document Preview: MULTIPLE CHOICE  Question 1.1. (TCO 7) Some of the characteristics of lean systems include which of the following? (Points : 5) They take twice the human effort. They have the same defects in the finished product. They require half of the engineering effort. They use half the floor space for the same output. They carry 50% more inventory. Question 2.2. (TCO 7) Operations management includes (Points : 5) facility location but not layout. facility layout but not location. capacity planning. just-in-time inventory control. holding output steady while lowering costs. Question 3.3. (TCO 8) A supply chain is longer than a channel of distribution because it includes links from suppliers to manufacturers, whereas the channel of distribution begins with manufacturers. The channel of distribution includes which of the following? (Points : 5) Wholesalers Commercial banks Suppliers’ plants Consumers Manufacturers Question 4.4. (TCO 8) If there is one thing that advertisers agree upon, it is the growing importance of social media in product promotion. Given this information, (Points : 5) investing in social media hinders a company in reaching its goals. social media needs to work hand in hand with other channels. social media reaches old audiences that have new devices. nontraditional audiences are the new target for social media. social media and direct mail are complementary to one another. Question 5.5. (TCO 1) You own a hardware store in the small town where you live. A big-box, multiline competitor has just opened. You see the following as your advantages of maintaining your market share and continued sales revenue. (Select all that apply.) (Points : 5) Quickly adapting to the market  Providing improved customer service  Increasing your inventory levels  Opening a branch store across the street from the big box  Providing free expert advice and consultation to your customers  Question 6.6. TCO 1) You are fairly good at various and sundry home repairs. You aren’t very good...

 


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