Goods can be inventoried?

Select one: a. True b. False

If the total productivity for a company during a certain period is more than 1, this means that the company is doing very well compared to its competitors.

Select one: a. True b. False

Productivity can be increased by

Select one: a. increasing outputs and inputs with the same ratio b. increasing outputs c. increasing inputs d. A and B Productivity is easier to measure in manufacturing than services Select one: a. True b. False The creation of a unique competence in the market is called Competitive advantage.

Select one: a. True b. False

A strategy is a(n):

Select one: a. set of opportunities in the marketplace.

b. broad statement of purpose.

c. simulation used to test various product line options.

d. plan for cost reduction.

e. action plan to achieve the mission.

During project scheduling, we can easily estimate the exact date project completion

Select one: a. True b. False

Time series patterns that repeat themselves over a period of time (usually less than a year) is called Select one:

a. random variation. b. trend. c. seasonality. d. cycles

. Short range forecasts deal with more comprehensive issues and support planning and products, plants and processes

Select one: a. TRUE b. FALSE

Pareto Chart can help identify the main causes behind a problem

Select one: a. TRUE b. FALSE

Inspection is usually done after each step-by-step production process

Select one: a. TRUE b. FALSE

Which of the following is true about inspection?

Select one: a. it involves examining items to see if an item is good or defective b. it is expensive c. it corrects deficiencies in process or product d. B and C e. A and B