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PRELIMThe success and survival of the business depend on the selection of product and its design. = True Which of the following is the 4th function of production management? = Production planning The first step in the strategic management process is ________. = Environmental scanning Production mana...

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PRELIM The success and survival of the business depend on the selection of product and its design. = True Which of the following is the 4th function of production management? = Production planning The first step in the strategic management process is ________. = Environmental scanning Production management decreases the reputation, goodwill and image of business organization. = False Functional area in an organization which is responsible for the production of goods and services to customers. = Operations area Production management helps to maximize the production costs. = False Which of the following does not belong to the importance of production management to business organization? = Level of inventories must be monitored by the production manager because if there will be overstocking, the working capital will be blocked and spoilage, wastage and misuse of materials may happen. = True It refers to the value that each worker or employee creates per unit of his input. = Personnel productivity Which of the following is true with regards to capital productivity? = With the given level of input and efficient use of existing technology, output increase can be achieved. Production management is important to business organization but not to the customers and to society. = False It refers to the planning, acquisition, utilization and control of physical resources employed in the provision of goods and services. _____ ~Organization management = Production management It refers to measure of ability of a business firm to produce goods and services from the given number of resources: capital, human resource, land, knowledge and time. = Productivity Finding out whether the actual production is done as planned should be done by the customers. = False Production management facilitates the optimum resource utilization = True To match the demand for the product, right production capacity must be selected by production management. = True Strategy formulation for in corporate, business and functional levels are the same. = False Refers to the use advanced manufacturing technology ( CIM, additive manufacturing, robotics, mechatronics and automation, micro and nano factories, sustainable and green manufacturing), JIT, TQM, human capital perspective and human resource management. Businessmen should realize the importance of integrated production management system because it has a potential of decreasing costs and increase output which in turn can make profit increase. = Integrated production management For small, large or nonprofit organization, strategy formulation does not vary while strategy implementation varies among the different sizes and types of industries. = True Routing refers to deciding when to start and when to complete a particular production activity. = False The focus of logistics is the flow of goods and materials from the suppliers, through the business organization and to the customers, with efficiency and cost effectiveness as its ________ priority. = First Planning is not needed in production management. = False

A less sophisticated and brief business analysis are required for a new product idea that survives the new product development screening stage. = False The main objective of any business firm in designing its product and service is to earn more profit. = False Competition, company's existing products, needs of the market and their shortcomings should not be considered by the business. = False Demand forecasting helps in the long-term planning. = True Effective product strategy is an output of market research. = True Success of business usually lies on the goods and services they offer in the market. = True Technology level constitutes a relevant factor in obtaining demand forecasts which are reliable. = True Most of the business organization's decisions are made under no risk and certainty conditions. = False All products are tangible. = False Demand forecasting aids in estimating the ________ requirement in the future so that the raw material regular supply can be maintained. = Raw material Economic viewpoint has nothing to do with obtaining demand forecasts. = False These refer to line extensions in the company's current markets such as new cell phone or tablet computer introduced by Apple. = Additions to product lines Forecasting can play a relevant role in many areas in business. = True Product reliability can be improved by making conduct of product testing less priority.= False Which of the following are the critical decision making that business firm can do because of demand forecasting? = Plant capacity decision, determining the raw material requirement and ensuring the labor and capital availability. Through demand forecasting, an organization is enabled to take various decisions related to the business such as the production process planning, raw material purchasing, fund management, and product price decisions. = True Demand forecasting helps in ensuring the proper liquidity within the firm. = True Which of the following does not affect the process of demand forecasting? = Caprices of management Issues in designing products and services become important when there is a potential harm to the environment. = True It refers to something that is being made and with a purpose to be sold to consumers. = Product Release of products with defects should be considered by a manufacturing firm. = False Demand forecasting also enables the government to coordinate activities related to import and export and plan international trade. = True Production is an act of creating something _______. = Useful Finding out whether the actual production is done as planned should be done by the manager. = True Which of the following does not affect the process of demand forecasting? = Caprices of management When, how and where to launch the product should be decided because these will determine its early market impact. = True These forecasts are needed to determine the future resource requirements. = Medium-term forecasts

Useful forecast about future uncertain events are not essential. = False Good product design can provide competitive edge. = True It is a systematic process which involves demand anticipation for the organization's products in future under set of uncontrollable and competitive forces. = Demand forecasting Product has a good design if it is different than existing ones. = True In forecasting sales volume, which of the following topic/s in research can be the basis? = customer needs, size of existing customer base and market. Which of the following processes are included in production management? = planning, acquisition, utilization and control of physical resources employed in the provision of goods and services. Financing is an integral part of activities related to decision making of management. = False Levels of competition influence the demand forecasting process. = False Production management helps in the expansion of business. = True Qualitative approach in forecasting includes the methods consisting mainly of inputs which are _______ and often defy precise numerical description. = Subjective Quality and cost control should be given a lot of importance in the production industry. = True Specific direction and guidance to the worker toward productive activities are provided by the measurement system. = False Which of the following does not belong to the right production process that should be selected in managing the production? = Marketing strategies Demand forecasting aims to help the business organization to estimate its financial requirements. = True Usually forecasting errors do not lie at the root of all important tie and cost tradeoffs of scheduling = False Marketing area is responsible for securing resources related to finances at favorable price as well as the allocation. = False To ensure that building and selling the right product to the right person with the right message at the right price and through right channels is materialized, research is conducted on _________. =market size, competitors, trends and customers. Product design should be according to the ________ requirements. = Customer's Which is not a characteristic of service? =Labor intensive Success of business usually never lies on the goods and services they offer in the market. = False Aside from the physical item, customers buy satisfaction. = True Understanding one's competitor is a bad idea. = True Forecasting is always an important part of planning, strategy and operation. = True The consumer products which costumers usually compare on the price, quality and style in the process of their selection and purchase of goods and services. = Shopping products Which of the following process is not included in product design? = Defining of environment in which service will take place. Which of the following steps is not included in Delphi method? = Future purchasing plans of customers are solicited.

Finding out whether the actual production is done as planned should be done by the customers. = False Production management helps the business to face competition in the market. = True The more educated an employee means lower human capital and of course labor productivity becomes higher too. = False The first step to following in forecasting tasks is _______. = Define the problem. Services are the tangible form of product. = False Service is not highly visible to consumers. = False Production management helps in the expansion of business. = True Products which are introduced by the business firms into a product category where the business had not been doing business up to this time = New category entries Demand forecasting's objective which refers to helping in setting the sales target that will serve as the basis for evaluating sales performance. = Controlling sales It refers to the value that each worker or employee creates per unit of his input. = Labor productivity Which of the following is not an example of a convenience product? = Bags Economic viewpoint has nothing to do with obtaining demand forecasts. = False Product may be in the form of product or service. = True With the given level of input and efficient use of existing technology, increase in output can be achieved. = True Types of goods do not affect the process of demand forecasting. = False A time series model of forecasting which refers to weighted average procedure wherein weights decline exponentially as the data become older. = Exponential smoothing Measuring and managing personnel or employee productivity are important things that should be considered by employer. = True Which demand forecasting objective is described in this sentence: It aims to help the organization to determine the size requirement of the plant for production. = Deciding the production capacity In new product prototype and market testing, assign a team member who has a strong skill in project management to coordinate or manage the development and delivery process of the product. = True It means prediction the future as accurately as possible. , available information which includes historical data and knowledge of any future events that might impact the forecasts should be given. = Forecasting Which is not true about demand forecasting? = It is unsystematic process which does not involve demand anticipation for the organization's products in future under set of controllable and uncompetitive forces. Examination of trends does not determine problems in production. = False It refers to the trends in the analyst following like number of analyst following a firm within a period of time and the dispersion in their forecasts. = Analyst following Planning is not needed in production management. = False Personal biases which sometimes contaminate qualitative methods are usually encouraged in quantitative approach in forecasting. = False Through production documents, costs are increased. = False

To produce useful goods and services that will satisfy the needs and wants of customers is not an objective of production management. = False All products follow all five stages of product life cycle. = False

MIDTERM Discouraging teamwork is a must for quality leaders. = False The first principle in total quality management (TQM) which refers to the level of quality is determined by the customer. =Customer-focused Ineffective communication during times of organizational change and as part of day-to-day operation plays a big part in maintaining the morale and motivating all level employees. = False Quality is sum of characteristics and features of products which bear on its ability to satisfy implied or stated _________ needs. = Customers’ Implementation of concurrent engineering can be challenging but the competitive advantage means it is beneficial in the long term. = True Total quality management (TQM) is an overnight process. = False How a product looks, sounds, feels, tastes or smells is a matter of reflection of individual preference and personal judgment. = True With the objective to fulfill requirements for quality, _________ are used as operational techniques and activities. = Quality controls It refers to primary operating characteristics of a product. = Performance Quality management includes_________ such as operations and evaluations. = strategic planning, resource allocation and other systematic quality activities It is the process of influencing an organized group towards accomplishing its goals. = Leadership The following are the barriers of total quality management except for = Presence of leadership for quality It is the subjective dimension of quality. = Aesthetics Quality assurance serves as tool for management so as to provide confidence in manufacture/supplier in contractual situation. = True Which of the following statement is true with regards to quality? = Quality is "fitness for intended use" Performance, features and warranty are not part of product quality. = False Deciding on what to benchmark is the last step in the process of benchmarking. = False In selecting the supplier, see to it that it has a customer satisfaction and organization credibility track record. = True Continual improvement drives the business organization to be both less creative and unanalytical in finding ways to become more ineffective and uncompetitive at meeting expectations of stakeholders. = False Which of the following is not included in the objectives that should be balanced in choosing a business location? = Future competitors of business Data representation defines a data type such as string, integer, floating point, time, date or other standard data type of an extended definition which assigns customer properties and constraints to a base type of data. = True It is a set of partially ordered activities intended to reach a goal. = Business process For compiling business requirements and representing the requirements as a model, physical database modeling is required. = False To minimize material handling and transport during manufacturing, effort should be made because they are just no value added activities. = True In choosing a location, consider the present but not the future needs of the business. = False

In analyzing the data, there will be no uncertainty. = False The businessman should first gather data and information about the demographic and economic features and characteristics of the areas as prospective location for the business. = True The second step in choosing for business premise? =Choose a location. If the system mission is to introduce a strict order in production-like processes, the best process view to use is the workflow. = True Plant layout designs must be such that the customers must have a clear vision of workers and the manufacturing system once the production manager walks through the plant. = False Site suitability should also be considered especially when the business where specialist skills are required. = False It is utilized in assessing the available resource use. = Efficiency metrics There is no need to consider the government in locating the business because they will not be regulated by it and the government will never provide special assistance to high unemployment assistance. = False A composition of logical data model which is a representation of a person, thing, place, event or interest concept to a retailer. = Entity types The following are the strategic importance of business location except for = Short term decisions The third stage of the DMAIC process. = ANALYZE the process so as to determine variation root causes, defects or poor performance. If workers can be able to perform multifunction by operating multiple equipments at the same time, multifunctional workforce can be achieved. = True...