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20 Cards in this Set

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TF reducing production costs by selecting suppliers that offer higher-quality raw materials and components at reasonable prices is one way US firms are trying to become more competitive in the global marketplace.

True

TF the degree to which resources are physically changed is referred ti as the focus of a production process

False

TF basic research consists of activities undertaken specifically to put new or existing knowledge to use in producing goods and services

False

TF a typical planning horizon for many firms is one year

True

TF scheduling involves both routing and timing of production activities

True

A manufacturing process that combines raw materials or components to create a finished product is referred to as a___

Synthetic process

A ___ line is a group of similar products that differ only in relatively minor characteristics.

Product

Inventory control is concerned about___

Holding costs and storage costs

A__system combines robotics and computer-integrated manufacturing in a single production process

Flexible manufacturing

The productivity growth rate in the US is __

Lagging behind the productivity growth rates of such countries as Korea, Taiwan, Sweden, Japan, and the United Kingdom

TF an analytical process combines raw materials or components to create a finished product.

False

TF today, the American economy is now characterized as a service economy

True

TF when labor-intensive technology is used, people must do most of the work

True

TF the objective of purchasing is to ensure that required materials are available when they are needed in the proper amounts and at minimum cost

True

TF the US productivity growth rate is the highest in the world

False

Operations managers often refer to the resource or resources that comprise the major or most important input as the___

Focus of the production

__consists of activities aimed at uncovering new knowledge and scientific advancement.

Basic research

Product __ is the development of a plan for converting a product idea into an actual product

Design

Groups of employees who meet on company time to solve problems are ___

Quality circles

ISO 9000 standards help a firm to ___

Improve quality management