Question 1

Renting resources coupled with remanufacturing is one way of reducing capital expenditures while improving sustainability.

Accepted Answer

Renting resources, such as equipment or machinery, can help reduce the upfront capital expenditure required for purchasing those resources. Additionally, remanufacturing (the process of restoring used products to like-new condition) can extend the lifespan of those resources, reducing the need for frequent replacements and ultimately improving sustainability. By combining these two strategies, organizations can reduce their environmental impact while also saving money in the long term.

Question 2

A theme running through just-in-time systems is to bring operations closer together..

Accepted Answer

Just-in-time systems prioritize bringing together operations and processes in order to reduce waste and increase efficiency. By minimizing the distance and time required to move materials and products between stages of production, companies can optimize their processes and respond more quickly to customer demands.

Question 3

A theme running through just-in-time systems is the involvement of employees in problem solving.

Accepted Answer

Just-in-time systems rely heavily on employee involvement in problem solving and continuous improvement processes to achieve their goals of efficiency and waste reduction.

Question 4

A theme running through just-in-time systems is the removal of wasteful inventory.

Accepted Answer

Just-in-time systems are designed to minimize inventory and eliminate waste in the production process. This is accomplished by producing goods only when they are needed, rather than in advance, resulting in a leaner and more efficient supply chain.

Question 5

Just-in-time systems do not deal with the removal of wasteful inventory.

Accepted Answer

Just-in-time (JIT) systems focus on reducing waste, including the elimination of unnecessary inventory, to improve efficiency and reduce costs.

Question 6

Advances in technology and transportation could lead to major problems in finding work for unemployed people.

Accepted Answer

With advances in technology, automation and artificial intelligence are becoming more prevalent, leading to the displacement of human workers. Additionally, improvements in transportation make it easier for companies to outsource jobs to other countries with lower labor costs. These factors could make it more difficult for unemployed people to find work in certain industries.

Question 7

Advances in technology and transportation will not lead to problems in finding work for unemployed people.

Accepted Answer

Advances in technology and transportation have the potential to automate or outsource jobs, leading to unemployment for many individuals. While new jobs may be created in these industries, there is no guarantee that they will be accessible or suitable for everyone who becomes unemployed. Additionally, there may be a significant period of adjustment and retraining required for individuals to develop the skills necessary to fill these new roles.

Question 8

Industry 4 refers to cyber-physical manufacturing systems relying on the Internet of things, Cloud computing, and Big Data infrastructure.

Accepted Answer

Industry 4.0, also known as the fourth industrial revolution, is indeed focused on cyber-physical systems that leverage IoT, cloud computing, and Big Data.

Question 9

Factors in the decision to either rent or buy resources are
I. Need to own critical, highly specialized resources
II. Unattractive rental rates and/or terms
III. Maintenance
IV. Complexity
V. Product churn
A) Items I, II, and V only
B) Items III, IV, and V only
C) Items I, II, III, and IV only
D) All of the above

Accepted Answer

All the factors listed (I. Need to own critical, highly specialized resources, II. Unattractive rental rates and/or terms, III. Maintenance, IV. Complexity, V. Product churn) can influence the decision to rent or buy resources. Each factor can impact the cost, efficiency, and feasibility of resource management in different contexts.

Question 10

Which of the following are future issues for operations management?
A) Heightened global competition.
B) Impacts of technology and fashion changes.
C) Resource scarcity.
D) Maintaining operational performance while gearing up for new product and service offerings.
E) All of the above.

Accepted Answer

All of the options listed are potential future issues for operations management. Heightened global competition can increase pressure on efficiency and productivity, impacts of technology and fashion changes can require adaptation and flexibility, resource scarcity can create supply chain challenges, and maintaining operational performance while introducing new products or services can be a complex balancing act.

Question 11

Which of the following is not one of the challenges facing operations management's ability to deal with product churn.
A) Heightened global competition.
B) Technology
C) Fashions
D) Customer service and satisfaction
E) All are factors

Accepted Answer

All the options listed (A: Heightened global competition, B: Technology, C: Fashions, D: Customer service and satisfaction) are indeed challenges that operations management must navigate to effectively deal with product churn. Each factor contributes to the complexity of managing product lifecycles and customer demands in a rapidly changing market.

Question 12

Product churn feeds conspicuous consumption through the force and vagaries of:
A) Technology and fashion
B) Resource scarcity
C) Operational performance
D) Production and service efficiencies
E) Process innovation

Accepted Answer

Product churn is driven by the need for consumers to constantly have the latest and greatest technology and fashion items. This creates a culture of conspicuous consumption, where individuals are willing to consistently upgrade their products in order to keep up with trends and maintain a certain status.

Question 13

Factors in the decision to either rent of procure resources are:
A) Resource specificity requirements
B) Resource scarcity
C) Operational performance
D) Production and service efficiencies
E) Process innovation

Accepted Answer

Resource specificity requirements play a crucial role in the decision to either rent or procure resources. If resources required are highly specific, it may be difficult or costly to rent or lease them. In such cases, purchasing and owning the resources may be a better option.

Question 14

Factors in the decision to either rent of procure resources are:
A) Resources utilization
B) Resource scarcity
C) Rental rates and terms
D) Production and service efficiencies
E) Process innovation

Accepted Answer

The answer of Factors in the decision to either rent...

Question 15

Factors in the decision to either rent of procure resources are:
A) Need for lower specificity resources
B) Resource scarcity
C) Production and service efficiencies
D) Process innovation
E) Level of maintenance and complexity

Accepted Answer

The answer of Factors in the decision to either rent...

Question 16

Which of the following reduce the tension between labor and process efficiency:
A) Removal of waste
B) Involvement in problem solving
C) Team based decision making
D) All of the above
E) None of the above

Accepted Answer

A) Removal of waste can help increase process efficiency while reducing the burden on labor.
B) Involvement in problem solving allows both labor and management to work together towards solutions that benefit both parties.
C) Team-based decision making allows labor to have a say in process improvements and can reduce the feeling of being left out or undervalued. Overall, all three choices can help reduce tension between labor and process efficiency.

Question 17

Computer technology has driven changes in the following areas :
A) Manufacturing processes
B) Communication
C) Data management
D) Product design
E) All of the above

Accepted Answer

Computer technology has had a significant impact on all of the listed areas. Manufacturing processes have become more automated and precise with the use of computer-controlled machines. Communication has become faster and more efficient with the development of the internet and various communication technologies. Data management has been streamlined with the use of databases and data analytics tools. Product design has become more sophisticated and precise with the use of computer-aided design tools.

Question 18

With inter-regional development, it is assume that the following will lose significance influence in managing global competitive forces:
A) National boundaries
B) Free-trade zones
C) Labor rates
D) Only A and B
E) A, B, and C

Accepted Answer

Inter-regional development aims to reduce the significance of national boundaries, free-trade zones, and labor rates by promoting a more integrated and competitive global market.

Question 19

Regional economics policies based upon lower labor costs, lead to which of the following over time:
I. Increase labor costs
II. Skill shortages
III. Increased consumption
IV. Weaken currency
V. Reduced price competitivenes
VI. inflation
A) Only items I, II, and V
B) Only items I, II, III, and VI
C) Only items I, III, IV, and V
D) All of the above except IV
E) All of the above

Accepted Answer

Policies based on lower labor costs can initially attract businesses, leading to increased demand for labor (I), which may result in skill shortages (II) as the demand for skilled workers outpaces supply. Increased employment and wages can boost consumption (III). Over time, as labor costs rise, the region may become less price competitive (V), and the increased demand can lead to inflation (VI). A weakened currency (IV) is not a direct result of policies based on lower labor costs but can be influenced by various other factors including monetary policy and trade balances.

Question 20

Robotics cannot benefit which of the following areas :
A) Labor costs
B) Process efficiency
C) Labor utilization
D) Product design
E) All of the above are benefited

Accepted Answer

The answer of Robotics cannot benefit which of the following...

Quiz 12: The Future of Operations Management

Renting resources coupled with remanufacturing is one way of reducing capital expenditures while improving sustainability.

A theme running through just-in-time systems is to bring operations closer together..

A theme running through just-in-time systems is the involvement of employees in problem solving.

A theme running through just-in-time systems is the removal of wasteful inventory.

Just-in-time systems do not deal with the removal of wasteful inventory.

Advances in technology and transportation could lead to major problems in finding work for unemployed people.

Advances in technology and transportation will not lead to problems in finding work for unemployed people.

Industry 4 refers to cyber-physical manufacturing systems relying on the Internet of things, Cloud computing, and Big Data infrastructure.

Factors in the decision to either rent or buy resources are I. Need to own critical, highly specialized resources II. Unattractive rental rates and/or terms III. Maintenance IV. Complexity V. Product churn

Which of the following are future issues for operations management?

Which of the following is not one of the challenges facing operations management's ability to deal with product churn.

Product churn feeds conspicuous consumption through the force and vagaries of:

Factors in the decision to either rent of procure resources are:

Factors in the decision to either rent of procure resources are:

Factors in the decision to either rent of procure resources are:

Which of the following reduce the tension between labor and process efficiency:

Computer technology has driven changes in the following areas :

With inter-regional development, it is assume that the following will lose significance influence in managing global competitive forces:

Regional economics policies based upon lower labor costs, lead to which of the following over time: I. Increase labor costs II. Skill shortages III. Increased consumption IV. Weaken currency V. Reduced price competitivenes VI. inflation

Robotics cannot benefit which of the following areas :