BUS 307 Week 2 Quiz - A Graded - Best Tutorial - All Questions Answered Correctly

Question 1.An example of a variable cost is: 

•   a payment to your raw materials supplier.   
•   a lease payment on a piece of equipment.   
•   a mortgage payment on buildings.   
•   a monthly licensing fee for a software package.   

Question 2.Which of the following statements about capacity strategies is NOT correct? 

• Lead capacity strategy can be used to preempt competitors who might be planning to expand their own capacity.   
• A lag capacity strategy tends to have greater productivity due to higher utilization levels.   
• A match capacity strategy tends to avoid periods of high under- or overutilization.   
• A lag capacity strategy would be well-suited for a period of high growth.   

Question 3.The manufacturing process used to make a wide variety of highly customized products in quantities as small as one is a: 

•   production line.   
•   continuous flow process.   
•   job shop.   
•   fixed position   

Question 4.An advantage of a production line process is:

•   the volume of output needed to justify the investment.   
•   the degree of flexibility of the process.   
•   the per unit cost of items produced on the line.   
•   the range of output typically produced on such a process.

Question 5.In what way are projects and typical business activities similar?

• For most companies, projects and typical business activities can be described as routine.   
• Both projects and typical business activities have a defined ending point at which time they are complete.
• Projects and routine business activities require significant levels of cross-functional and interorganizational coordination.   
• The successful completion of projects and business activities is essential to a firm’s competitive position.   

Question 6.A lead capacity strategy has the advantage of:

•   a reduced risk of overbuilding.   
•   greater productivity due to high utilization levels.   
•   assuring adequate capacity during all types of growth.   
•   the ability to put off large investments as long as possible.

Question 7.A project is a one time undertaking designed to achieve a particular organization goal.

•   True
• False   

Question 8.A revision to a drawing or design released by designers to correct a part is called a(n):

•   engineering change.   
•   part mod.   
•   tweak.   
•   lock-in.   

Question 9.What is the latest that activity D can start if A is 5 days, B is 7 days, C is 4 days, D is 5 days, E is 7 days, and F is 6 days long?  

•   14   
•   15   
•   16   
•   17   

Question 10.   A batch process is less flexible than an assembly line and less efficient that a job shop. 

•   True
• False