How do you calculate the capacity of a process step that is being performed using three identical machines? *

• a) You just take the process time on one machine and convert it into a capacity.
• b) You convert the process time on one machinet into a capacity and divide by three.
• c) You convert the process time on one machine into a capacity and multiply by three.
• d) You add up the process times and convert them into a capacity.

The product development continuum describes *

• a) How firms can share costs and risks of product development
• b) How firms can use the house of quality to develop a robust product design
• c) How firms continue to use incremental innovation to gain market share.
• d) How firms reduce costs and risks of product development using the house of quality.

Multistep decision scenarios *

• a) Cannot be solved
• b) Can only be solved if they can be summarized in a table.
• c) Can only be solved using multi-step decision trees.
• d) Do not exit.

What is the meaning of the EVPI? *

• The expected value of perfect information is the money you would save when getting more information.
• The expected value of perfect information is the maximum you would spend to get more information
• The expected value with perfect information is how much money you can make when getting more information.
• It is the maximum EMV.

What shape is used in a Flow Chart to depict a yes/no decision? *

• Circle
• Box
• Diamond
• Elongated D