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MAR 4203 Final Test Questions & Answers 2024/2025 £6.31   Add to cart

Exam (elaborations)

MAR 4203 Final Test Questions & Answers 2024/2025

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  • Module
  • MAR 4203
  • Institution
  • MAR 4203

MAR 4203 Final Test Questions & Answers 2024/2025 Total quality management (TQM) - ANSWERSmanaging the entire organization so that it excels on all dimensions of products and services that are important to the customer Design quality - ANSWERSvalue of the product in the marketplace Confo...

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  • October 17, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MAR 4203
  • MAR 4203
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MAR 4203 Final Test Questions &
Answers 2024/2025

Total quality management (TQM) - ANSWERSmanaging the entire organization so that it excels on all
dimensions of products and services that are important to the customer



Design quality - ANSWERSvalue of the product in the marketplace



Conformance quality - ANSWERSmeeting design specifications consistently



appraisal costs - ANSWERScosts of detecting what's wrong (inspection)



prevention costs - ANSWERScosts associated with preventing defects before they happen (research,
training)



internal failure costs - ANSWERScosts resulting from defects that are discovered during the production of
a service or product



external failure costs - ANSWERScosts that arise when a defect is discovered after the customer receives
the service or product (recalls)



assignable variation - ANSWERSvariation in a production process that can be traced to specific causes
and fixed (costly)

- outside of control limits



random variation - ANSWERSNatural variation in the output of a process, created by countless minor
factors (okay, impossible to get rid of)

- inside control limits

, P Chart - ANSWERSattribute control chart

- in between two limits: in control



p bar - ANSWERSaverage of p values

- p = defective units/ total units



X-Bar Chart and R-Chart - ANSWERSvariable control charts



x bar - ANSWERSaverage of values in each sample



R - ANSWERSmaximum value in a sample - minimum value in a sample



x double bar - ANSWERSmean of all the x bar values



r bar - ANSWERSmean of all the r values



Process Capability Index - ANSWERSmeasures if a process can produce output according to the design
specifications

- customers satisfied with quality

- the larger, the better

- Cpk < 1.33, incapable

- Cpk > 1.33, capable



six-sigma quality - ANSWERS3.4 defects per million opportunities

- Cpk >/= 2, capable

- Cpk < 2, incapable



Strategic forecasts - ANSWERSforecasts used to help set the strategy of how demand will be met

- long term

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