Sm C102 Quiz #2

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Correct Question: Which of the following models uses a schematic model of the sequence of steps in a problem and the conditions and consequences of each step? Your Answer: Decision trees Correct Question: The way to build in greater flexibility in your workers is to do which of the following? Your Answer: Provide a broader range of training Incorrect Question: If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? Your Answer: 75 percent Correct Question: The ability to rapidly and inexpensively switch production from one product to another enables what are sometimes referred to as: Your Answer: Economies of scope Correct Question: Capacity planning involving acquisition or disposal of fixed assets such as buildings, equipment or facilities is considered as which one of the following planning horizons? Your Answer: Long-range Correct Question: Capacity planning involving hiring, layoffs, some new tooling, minor equipment purchases, and subcontracting is considered as which one of the following planning horizons? Your Answer: Intermediate range Correct Question: If the actual output of a piece of equipment during an hour is 500 units and it's best operating level is at a rate of 400 units per hour, which of the following is the capacity utilization rate? Your Answer: 1.25 Correct Question: A process flowchart uses which of the following symbols to represent tasks or operations in a flow diagram? Your Answer: Rectangle Correct Question: A process flowchart uses symbols to represent which of the following? Your Answer: Flows of material or customers Correct Question: According to Little's law, which of the following can be used to estimate inventory? Your Answer: Throughput rate times flow time Correct Question: A process flowchart uses which of the following symbols to represent a decision point in a flow diagram?...
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