Question Description
Multiple choices in Operation Management (Processes and technology) The attached are two file one the question and the other one is the lesson and you might find the answer on it. Thanks .
Question 11 pts
The two characteristics on which the product-process matrix is based are
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demand stability and worker skills |
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demand volume and product standardization |
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product customization and process speed |
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product quality and process cost |
Process innovation projects are chartered to do all of the following except
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achieve rapid, dramatic improvements in process performance |
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continuously improve existing processes |
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achieve breakthrough improvements |
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totally redesign or reengineer a process from scratch |
A firms process strategy defines all of the following except its
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capital intensity |
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process flexibility |
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vertical integration |
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process selection |
As process selection moves up the diagonal from project to continuous production
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demand volume decreases |
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product variety decreases |
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capital intensity decreases |
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flexibility increases |
If a firm can sell a product for $40 each, then what is the volume needed to break even if the fixed cost of production is $125,000 and labor and material costs are $30 per item?
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125,000 units |
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12,500 units |
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4,167 units |
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3,250 units |
A company is evaluating which of two alternatives should be used to produce a product that will sell for $25 per unit. The following cost information describes the two alternatives
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Process A |
Process B |
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Fixed Cost |
$100,000 |
$200,000 |
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Variable Cost per Unit |
$15 |
$10 |
For what level of volume (output) would the firm prefer Process A to Process B?
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for all volume levels greater than 10,000 |
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for all volume levels less than 13,333.33 |
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for all volume levels greater than 20,000 |
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for all volume levels less than 20,000 |
Match the following products with the most likely way they are produced from the product-process matrix.
Office paper
[ Choose ] Mass production Project Continuous production Batch production
Croissants
[ Choose ] Mass production Project Continuous production Batch production
Cars
[ Choose ] Mass production Project Continuous production Batch production
Custom jewelry
[ Choose ] Mass production Project Continuous production Batch production
