OMGT 3123 Final Exam Questions and Answers(A+ Solution guide)

False - A mechanism that identifies a firm's targeted customers and sets time frames and performance objectives for the business is called a mission statement False - The operations and supply chain strategy is a functional strategy that is, by definition, an infrastructural strategy Computer Systems - Structural elements of a business include Conformance Quality - Whether the product was made or service performed to specifications is a question of Business Strategy - The firm's targeted customers, time frames, and performance objectives are identified by their 7.2 Hours - A maintenance worker maintains an alibi sheet of all work activities performed in an 8 hour shift. If the work standard is such that 90% efficiency is expected, what is the actual amount of time that should be documented? Design - Which of these steps is NOT part of the Six Sigma process sequence? True - Green belts have more 6 sigma training than team members but less 6 sigma training than black belt. True - Total Quality Management is the management of an entire organization so that it excels in all quality dimensions that are important to customers Conformance Perspective - A quality perspective that focuses on whether or not a product was made or a service was performed as intended is the:True - The reliability dimension of a quality asks how long a product can go between failures or the need for maintenance Cost Reduction - Which of the following is NOT a core idea of total quality management? True - The break-even formula (FC/R - VC) does not include a provision for a price break if a customer purchases a large quantity 95 Bottles/minute - A bottling machine has a theoretical capacity of 100 bottles per minute. During every ten hour shift it operates continuously but is shut down once for 30 minutes for cleaning, inspection, and lubrication. What is its rated capacity? Thickness of laminate of a desktop - Which of the following is NOT an appropriate measure of capacity? Assuring adequate capacity during all types of growth - A lead capacity strategy has the advantage of A lag capacity strategy would be well-suited for a period of high growth - Which of the following statements about capacity strategies is NOT correct? A payment to your raw materials supplier - An example of a variable cost is Location B, 4000 Students - Jimbo Elrod has obtained fixed and variable cost information for four potential locations for his professional wrestling school and summarized it in tabular form below. All values are in dollars