Operations Management Home work practice:

$52.$ What is "line balancing" in operations management?

a$)$ Allocating workers to different production lines

b$)$ Reducing the time required for machine setup

c$)$ Distributing work evenly across production stations

d$)$ Increasing the efficiency of a specific task

$53.$ Which of the following is the purpose of "work$-$in$-$progress $($WIP$)"$ inventory?

a$)$ To provide raw materials for production

b$)$ To represent products that are currently being processed

c$)$ To account for finished goods in the warehouse

d$)$ To facilitate the shipping of completed orders

$54.$ What is "capacity flexibility" in operations management?

a$)$ The ability to produce a variety of products with the same set of resources

b$)$ The ability to produce large quantities of a single product

c$)$ The ability to reduce lead time for orders

d$)$ The ability to maintain low production costs

$55.$ What is a "supply chain risk" in operations management?

a$)$ The risk of inventory shortages due to demand fluctuations

b$)$ The risk of insufficient production capacity

c$)$ The risk associated with disruptions in supply or transportation

d$)$ The risk of poor customer satisfaction

$56.$ What is the "economic batch size" $($EBS$)$ model used for?

a$)$ To determine the optimal production batch size that minimizes total cost

b$)$ To set the appropriate reorder point

c$)$ To calculate the batch processing time

d$)$ To reduce the amount of waste generated in production

$57.$ What is "takt time" in production management?

a$)$ The maximum time allowed to produce a product

b$)$ The time required to produce one unit based on customer demand

c$)$ The time allocated for machine maintenance

d$)$ The time for completing all production tasks

$58.$ Which of the following is NOT a feature of "Agile manufacturing"?

a$)$ Flexibility to meet customer demands quickly

b$)$ Standardized processes for all products

c$)$ Use of modular designs

d$)$ Collaboration with suppliers for product development

$59.$ What is the primary goal of "operations strategy"?

a$)$ To reduce the cost of production

b$)$ To achieve long$-$term competitive advantage through operational efficiency

c$)$ To focus only on increasing production speed

d$)$ To maximize inventory levels

$60.$ Which of the following is a key element of "Total Cost of Ownership" $($TCO$)?$

a$)$ The cost of purchasing materials

b$)$ The cost of transportation

c$)$ The cost of operating and maintaining equipment

d$)$ All of the above