Which of the following are critical objectives of process design?I) Throughput time is reduced to absolute minimumII) Process supports level of quality to support marketIII) Reduce product inventoryIV. Process supports product filexibility to meet market demand
Answer(s): A
The following are critical objectives of process design1. Throughput time is reduced to absolute minimum2. Process supports level of quality to support market3. Process supports product filexibility to meet market demand Reduce product inventory is not a critical objective of process design.
Which of the following are profit categories?I) Gross ProfitII) Operating ProfitIII) Net ProfitIV. Variable Profit
Which of the following are profit categories?1. Gross Profit2. Operating Profit3. Net ProfitThere is no such thing as Variable Profit
Which of the following are assets of a company?I) InventoryII) PeopleIII) RentIV. Facilities
Answer(s): B
Which of the following are assets of a company?1. Inventory2. People3. FacilitiesRent would not be considered an asset of a company
What is the MOST critical factor for a company to achieve manufacturing excellence?
The most critical factor would be to improve quality to achieve manufacturing excellence.
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