1. D. Reducing product quality to keep costs low. Reducing product quality to keep costs low IS factors would NOT be part of a process to improve a business’ competitive positioning in a global marketplace.
2. A. This sector has grown much more rapidly than the manufacturing sector.
3. D. Lean Manufactoring. Lean Manufactoring IS techniques would he be most interested in implementing.
4. A. Intermittent Process.
5. A. CAD/CAM. A company that makes fireplace mantles uses computer modeling in order to ensure that the process used makes the most efficient use of resources and effective design of their products. The company is equipped with CAD/CAM TECHNOLOGY.
6. B. Statistical Quality Control (SQC).
7. C. offer outstanding customer service and efficient locations
8. C . just-in-time. The Toyota assembly plant in Tennessee purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted JUST IN TIME.
9. B. PERT technique. The project manager building a new underwater dolphin exhibit at Chicago's Shedd Aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. He is employing the PERT TECHNIQUES.
10. C. this represents the path of tasks that will take the longest to complete. The following PERT network lists all the different tasks that must occur in order for West Coast Aquatics Swim Club to successfully host a regional swim meet at the Frank Fiscallini Swim Center. The darkened boxes are the critical path because this represents the path of tasks that will take the longest to complete.
Which of the following factors would NOT be part of a process to improve a business’...
Critical Thinking The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994). Increased...
18. In the conversion process, indirect labor is first recorded to which of the following accounts? Multiple Choice Manufacturing Overhead. Finished Goods. Raw Material Inventory. Work-in-Process Inventory. 34. The use of data analytics will likely result in significant changes to clients’ expectations of their auditors. Which of the following is most likely not one of those expected changes? Multiple Choice More time spent gathering and testing data. More innovative thinking. Deeper and broader insights. Faster and more efficient delivery of...
In the summer and fall of 2010, workers were rearranging the furniture in Boeing’s final assembly plant in Everett, Washington, in preparation for the production of the Boeing 767. It was a difficult and time-consuming process, however, because the items of “furniture”—Boeing’s assembly equipment—weighed on the order of 200 tons each. It was a necessary part of setting up a production system based on “lean manufacturing,” also called “just-in-time” production. Lean manufacturing, pioneered by Toyota Motors of Japan, is based...
Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6 "Identify Critical Issues and Priorities" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured....
Problem 11-19 Internal Business Process Performance Measures (LO11-3) Tombro Industries is in the process of automating one of its plants and developing a texible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory in an effort to evaluate performance and determine where Improvements can be made, management has gathered the following data relating to activities over the last four...
Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4 "Strategic Performance" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured. The two most...
Which one would each business most likely: job order costing or process costing explain? A jeweler who specializes in engagement rings Toyota auto manufacturing Campbell’s soup canning Disney film studios A firm that does Chicago-area road repairs A developer of a COVID-19 vaccine. Wilson, maker of NFL game-day footballs
For Scoring Answers The conversion cost of the 7,500 uns in process at the end of the period 7 17· 18. The business philosophy that tocuses on reducing time and cost and 18._ 9 20. eliminating poor quality within manufacturing and nonmanufacturing processes is.... combined into work centers, which are also known as nput quantity is 20. A measure of the ratio of the materials output quantity to the materials 21-24. Identily whether the process cost or job order cost...
Problem 11-19 Internal Business Process Performance Measures (LO11-3] Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four...
Problem 11-19 Internal Business Process Performance Measures (LO11-3] Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four...