_________ was the first one to introduce the value engineering analysis during the World War II era
Uniliver Philippines
General Electric CompanyCorrect
Meralco
Procter and Gamble
A factor that may influence the choice of business location which refers to cost with regards to getting the raw materials for the business production or stocks for sale
Land cost
Energy cost
Transport costCorrect
Labor cost
A forecasting technique using a weighted moving average, where past observations are adjusted according to their age
Regression models
Seasonality
Exponential smoothingCorrect
Focus forecasting
A macroscopic decision-making of an overall process route for converting the raw material into finished goods
Project Management
Quality Control
Process DesignCorrect
Operations Manager
A manufacturing layout wherein group resources are being layout based on the similar functions or processes
Product layout
Combination layout
Process layoutCorrect
Fixed position layout
A measure of the effective use of resources, usually expressed as the ratio of output to input
Competitiveness
Strategy
ProductivityCorrect
Wastivity
A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources
TrueCorrect
False
A refined system of supply chain management where the buyers authorize specific range of materials or assembly parts to the vendors for provisioning and making them
Materials
Vendor-Managed Inventory ControlCorrect
Vendors
Redundancy
A strategy for a sustainable supply chain which identifies and quantifies the materials used and waste sources released in the environment along the entire supply chain of 68 the product or process - from raw material stage to customer stage and finally to the end of life disposal
Product life cycle assessmentCorrect
Innovation
Supplier relationships
Global governance and accountability
A system that allows a user to simulate the effectiveness of numerous forecasting techniques and select the best method
Seasonality
Focus forecastingCorrect
Exponential smoothing
Regression models
A system that is used to maintain a desired level of quality in a product or service
Production Planning and Control
Materials Management
Globalization
Quality ControlCorrect
A waiting line priority rule determines which customer is served next A frequently used priority rule is first-come, first-served
TrueCorrect
False
After Action Review helps you learn how to evaluate your project as it progresses, so that you can make adjustments and improve performance
TrueCorrect
False
Although each priority rule has merit, it is important to use the priority rule that best supports the
All of these
Customers
Arrival and service patterns
Overall organizational strategyCorrect
Arises when actual production is less than what is achievable or optimal for a firm
Capacity Planning
Excess CapacityCorrect
Financial Analysis
Decision Theory
Because business firm estimates the current demand for the products that it offers in the market, it enables the business to move ________ to achieve the set goals and objectives
Backward
ForwardCorrect
Sideward
Sideward and backward
Business process management is not a one-time exercise
TrueCorrect
False
Buying or leasing the business premises are the possible options of choosing for business premise
TrueCorrect
False
Capability Maturity Model Integration (CMMI) is a process improvement training and appraisal program and service administered and marketed by Carnegie Mellon University and required by many DOD and US Government contracts, especially in software development
TrueCorrect
False
Concept is where the key issue of the matter is defined
TrueCorrect
False
Defined as the ratio if waste to input
Competitiveness
Strategy
Productivity
WastivityCorrect
Demand forecasting helps in ensuring the proper liquidity within the firm
TrueCorrect
False
DMAIC can be implemented as a stands alone improvement procedure in quality or as a part of other process improvement initiatives
TrueCorrect
False
Effective product strategy is an output of market research
TrueCorrect
False
Employees with the use of their expert knowledge of the process, make better decisions
TrueCorrect
False
Energy costs are important also in running a business that's why should be considered in looking for a business location
TrueCorrect
False
Entity relationship diagram demonstrates the _________ between the different data categories and shows the different data categories required for the database development
disaffiliation
commonality
relationshipCorrect
difference
Essential for an organization to maintain current levels of performance, to react to changes in its internal and external conditions and to create new opportunities
Capability Maturity Model Integration
Enterprise Quality Management Software
Quality Assessment
ImprovementCorrect
Facilities System consists of all equipment, machinery and furnishings within the building
True
FalseCorrect
Five elements form an organization's model of success Which of these are those?
Vision, Mission, Requirements of success, guiding principles and evidence of success
Operations, equipment, personnel, Material flows should be satisfiedCorrect
None of these
Facility Systems, Layout, Handling Systems
Focused not only on product and service quality, but also on the means to achieve it
Quality Management Software
Quality Control
Quality Improvement
Quality ManagementCorrect
For compiling business requirements and representing the requirements as a model, logical database modeling is required
TrueCorrect
False
For some, lean is the set of "tools" that assist in the identification and steady elimination of waste
TrueCorrect
False
Forecast or time estimates are past oriented
True
FalseCorrect
Having a long-term vision of the challenges one needs to face to realize one's ambition
Kaizen
None of these
ChallengeCorrect
GenchiGenbutsu
How a product looks, sounds, feels, tastes or smells is a matter of reflection of individual preference and personal judgment
TrueCorrect
False
HRM practice which refers to providing employees with such things likes shares of company stocks and profit-sharing programs
Employee ownershipCorrect
Information sharing
Incentive pay
Selectivity in recruiting
If a business firm has products and services with "poor quality", it cause them to market the said product ineffectively
TrueCorrect
False
If workers can be able to perform multifunction by operating multiple equipments at the same time, multifunctional workforce can be achieved
TrueCorrect
False
In _________ statistical data and accumulated expertise of people who collect the data and use forecasting are required
Gathering informationCorrect
Choosing and fitting models
Conducting preliminary analysis
Defining the problem
In a single-phase system,the service is completed:
All at onceCorrect
Series of steps
All of these
Indefinitely
In addition to waiting, what other possible actions the customer has?
Leave
Depart
Balk, Renege, JockeyCorrect
None of these
In choosing a location, there is a need to research on the future competitors
TrueCorrect
False
In idea generation, listing of customer needs and the identification of ________ are done
existing weaknesses in one's products and product areas
existing weaknesses in one's products
existing weaknesses in one's products and gaps in your product range
existing weaknesses in one's products, gaps in your product range and product areasCorrect
In screening ideas, business firm should consider _________
Competition only
Competition, company's existing products and needs of the market
Competition, company's existing products , needs of the market and their shortcomingsCorrect
Competition and company's existing products
In the Accept Situation stage, everyone in the team begins research
True
FalseCorrect
In the identifying relationship, the primary key of parent entity is inherited by the child entity as a non-primary key attribute
True
FalseCorrect
In waiting line systems, the terms server and channel are used
Opposing
Incompatible
InterchangeableCorrect
Mismatched
It is a process of imagining and creating a thing or object which is meant for mass production
Product development
Product advertising
Product launching
Product designCorrect
It is a business practice with techniques and structured methods
Business process managementCorrect
Business process modeling
The way forward
Physical database modeling
It is a focused methodology for carefully listening the customers' voice and then effectively responding to those customer's needs and expectations
Taguchi's quality design
Quality function developmentCorrect
Concurrent engineering
ISO 9000
It is a top down leadership approach which entails top management transparency and accountability towards all stakeholders of the extended supply chain
Product life cycle assessment
Innovation
GovernanceCorrect
Supplier relationships
It is a way of looking at and then controlling the processes which are present in the business organization
Business accounting management
Business process managementCorrect
Business marketing management
Business organization management
It is important to recognize that we do not use the term facilities planning as a synonym for such related terms as facilities location, facilities design, facilities layout, or plant layout
TrueCorrect
False
It is really individuals who are managing themselves because many individuals are working on a variety of projects
TrueCorrect
False
It is the subjective dimension of quality
Durability
Perceived quality
Conformance
AestheticsCorrect
It often involves multiple types and sources of inputs, as well as their interpretation, which can be subjective
None of these
Evidence based decision-makingCorrect
Process approach
Relationship-management
It refers to something that is being made and with a purpose to be sold to consumers
Specimen
ProductCorrect
Thing
Object
It refers to the degree to which a design of a product and operating characteristics meet established standards
Performance
Reliability
ConformanceCorrect
Feature
It supports the contract stage It enables the closing of deal with the supplier if the two parties agree already on price
E-sourcing
E-informing
E-auctioningCorrect
E-tendering
Just-in-time (JIT) originated in _______
JapanCorrect
Philippines
Korea
China
Lean aims to make the work simple enough to understand, do and manage
TrueCorrect
False
Level of inventories must be monitored by the production manager because if there will be overstocking, the working capital will be blocked and spoilage, wastage and misuse of materials may happen
TrueCorrect
False
One factor in choosing a location which refers to the nearness of the market in the business location
Raw material
Transportation cost
Land
MarketCorrect
One of the objectives to achieve in performance measure is to identify which processes needs improvement
TrueCorrect
False
Operations has no influence whatsoever on competitiveness through product and service design, cost, location, quality, response time, flexibility, inventory and supply chain management, and service
TrueCorrect
False
Optimum space utilization increases the time in material and people movement and promotes safety
TrueCorrect
False
Partnering is when there is a short-term commitment between two or more business firms with a purpose of specific goal and objective attainment by maximizing the participant's resource effectiveness
True
FalseCorrect
Physical database modeling depends on the software already being used in the business organization
TrueCorrect
False
Process layout is recommended for batch production
TrueCorrect
False
Process thinking is the focus of fundamental part of TQM
TrueCorrect
False
Production management helps the business to face competition in the market
TrueCorrect
False
Qualitative approach in forecasting include the methods consisting mainly of inputs which are _______ and often defy precise numerical description
Objective
Common
Prevalent
SubjectiveCorrect
Qualitative forecasting method wherein sales estimates of each regional salesperson are provided and the said forecasts are then reviewed to make sure that the said estimates are realistic