Operations Management Home work practice: $31.$ What is the key advantage of a "product layout" in production? a$)$ Increased flexibility b$)$ Higher utilization of machinery c$)$ Lower cost per unit for mass production d$)$ Faster setup time $32.$ In which of the following situations is a "make$-$to$-$stock" production strategy most suitable? a$)$ Custom$-$made products b$)$ Products with variable demand c$)$ Standardized products with consistent demand d$)$ Low$-$volume, high$-$mix production $33.$ What does "capacity utilization" measure in operations management? a$)$ The rate at which a firm$$s resources are used relative to their maximum potential b$)$ The total cost of producing goods in a factory c$)$ The efficiency of a particular production process d$)$ The amount of waste generated during production $34.$ What is the role of "demand management" in operations management? a$)$ To forecast demand accurately b$)$ To ensure production capacity meets demand fluctuations c$)$ To control inventory levels based on demand d$)$ All of the above $35.$ Which of the following is an example of a "pull$-$based" inventory control system? a$)$ Kanban system b$)$ Reorder point system c$)$ Economic order quantity $($EOQ$)$ d$)$ Periodic review system $36.$ Which of the following best describes "lean manufacturing"? a$)$ Maximizing the production volume b$)$ Minimizing production costs through waste reduction c$)$ Maximizing raw material usage d$)$ Minimizing inventory levels $37.$ What is "total productive maintenance $($TPM$)"$ used for in operations management? a$)$ Improving worker satisfaction b$)$ Reducing downtime by improving equipment reliability c$)$ Maximizing the efficiency of a production process d$)$ Standardizing production processes across multiple plants $38.$ Which of the following is NOT a key characteristic of "project$-$based" production? a$)$ Fixed start and end dates b$)$ Customization of products or services c$)$ High volumes of repetitive tasks d$)$ High involvement of skilled workers $39.$ Which of the following inventory management techniques uses a fixed time period to evaluate stock levels? a$)$ Periodic review system b$)$ Reorder point system c$)$ Economic order quantity $($EOQ$)$ d$)$ Continuous review system $40.$ What is the primary benefit of "cross$-$docking" in supply chain management? a$)$ Reducing the need for warehousing b$)$ Increasing transportation costs c$)$ Maximizing the lead time for orders d$)$ Simplifying product customization $41.$ What is a "service blueprint" in service operations management? a$)$ A plan for managing inventory b$)$ A detailed diagram of customer interactions with a service c$)$ A forecast of demand for services d$)$ A layout design for a service delivery facility