Assessment 5
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Open block drawer
Started on Monday, 5 August 2024, 5:12 PM
State Finished
Completed on Monday, 5 August 2024, 5:16 PM
Time taken 4 mins 28 secs
Marks 19.00/25.00
Grade 76.00 out of 100.00
Question 1
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Question text
Which one of the following is the most general method of describing quality?
Select one:
a.
Standardisation
b.
Inspection
c.
Specification
d.
Job performance
Feedback
The correct answer is: Specification
, Question 2
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Question text
Toyota gradually shifted away from the tenet of lean manufacturing. Seeking cost leadership and
market leadership has gone too far, and differentiation through quality, reliability and fuel efficiency
becomes blurred. The execution of such business strategy the past few years has lured Toyota to rush
into relationships with suppliers it has not adequately vetted and to apply questionable security
measures as it sourced parts from all around the world. Given Toyota’s current problems with their
suppliers, it might be worthwhile to keep more inventory on hand to avoid stock-out situations. There
are however disadvantages of keeping too much inventory. Which one of the following is a
disadvantage of keeping too much inventory?
Select one:
a.
More urgent orders.
b.
Higher unit prices.
c.
Operating capital is tied-up.
d.
Lost sales.
Feedback
The correct answer is: Operating capital is tied-up.
Question 3
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Question text
Following several worldwide recalls, it has become evident that Toyota has rushed into relationships
with suppliers whom have not been adequately vetted. Supplier alliances and supplier development
are thus crucial elements that need to be addressed. At which level of purchasing and supply planning
will supplier alliance and supplier development occur?
Select one:
a.
Strategic level
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