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WGU C720 OA LATEST EXAM REAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)|AGRADE
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WGU C720 OA LATEST EXAM REAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)|AGRADE
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By: DrMedinaReed • 10 months ago
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By: DrMedinaReed • 1 year ago
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WGU C720 OA LATEST EXAM 2023 -2024 REAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)|AGRADE A new, energy -efficient furnace is being installed in a steel factory. Because it would have added 10% to the cost of the furnace, management has decided not to install the optional safety override for the furnace. This decision is most likely to lead to w hich of the following? - ANSWER - An increase in legal costs Refers to the organizational issue of balancing financial profitability with environmental responsibility - ANSWER - sustainability Operations managers rarely become involved with worker safety o r environmental pollution complaints because such ethical issues are only handled by an organizations legal department. True or False - ANSWER - False SWOT analysis is used as a ______ tool when a firm crafts a strategy that helps distinguish itself among competitors, develops competitive advantages, and avoids barriers within the business environment. - ANSWER - strategic The difference between the lowest cost producer of a good and the next lowest cost producer of the same good is known as a - ANSWER - Relative advantage Characteristics associated with a perpetual inventory system - ANSWER - -when a company needs to know exact inventory balances at all times -when a company wants accurate financial statements Under what two conditions should I periodic rev iew system be adopted - ANSWER - -When a supplier will only deliver at a specific interval -when a company must manually track inventory levels SWOT analysis is used as a ___ tool when used to uncover exploitable opportunities within the competitive landsc ape. - ANSWER - simple What best describes a competitive advantage? - ANSWER - A capability valued by customers that gives a firm in edge over its rivals A technique used to analyze the flow of materials, ideas, and information to understand how processes function. Each activity in the process is defined as a value added or non -value added - ANSWER - Value stream mapping In a JIT environment, the master schedule usually has a ____ planning horizon. - ANSWER - 2-3 month What production system uses general pu rpose machinery and is level scheduled? - ANSWER - JIT What indicates the quantities of component parts that will be made each day, because leadtimes are usually short in a JIT environment - ANSWER - Final assembly schedule Which technique should a company adopt to keep a smooth production process? - ANSWER - Level schedule What helps to reduce set up time in a JIT system? - ANSWER - Placing the needed tools and equipment in predetermined locations and shortening the downtime of equipment Why is the movement of materials simplified in a JIT system? - ANSWER - Parts are moved b y hand What types of waste are related to JIT? - ANSWER - Inventory Waiting Motion and movement Transportation Overproduction Overprocessing Defects A firm that uses JIT would most likely use a group technology production system to ____? - ANSWER - A group technology production system may be used to make several different, but related, parts. The idea behind GT is that each part follows the same essential processing sequence which can reduce set up time. Employee empowerment - ANSWER - Extending employ ee responsibility and authority to the lowest levels of an organization Crosby - ANSWER - Quality is Free, Zero Defects, Do it right the first time Juran - ANSWER - fitness for use, Pareto Taguchi - ANSWER - Robust Design and Parabolic Quality Loss Functio n Higher quality products and processes Quality must be designed into a product Deming - ANSWER - 14 points, system caused defects not employees Ishikawa - ANSWER - fishbone diagram; cause and effect diagram to diagnose quality problems, quality circles A key advantage of team problem -solving is that team members _____. - ANSWER - share (workload) A ____, which is also known as a box chart, illustrates the frequency of data observations within a preset range of values. - ANSWER - histogram Benchmarking - ANSWER - The purpose of benchmarking is to set a standard based upon the company that is recognized as the best at a certain activity but those other companies need not be competitors, nor be within the same industry. Which tool is used in the six sigma de fine phase to provide an overview of an entire process and identify what is necessary to meet customer needs? - ANSWER - Value Stream Mapping Value Stream Mapping - ANSWER - a process that helps managers understand how to add value in the flow of material a nd information through the entire production process Employee training that focuses on the use of Pareto charts will most likely enable employees to? - ANSWER - Determine the likely causes of quality problems ___ are incurred when a company evaluates cust omer satisfaction. - ANSWER - Appraisal costs Which competitive advantage with a company gain from choosing to partner with a single supplier to source similar parts? - ANSWER - An increase in total qualityThe benefits of buying summaries with Stuvia:
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