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Accounting Information Systems Study Set 1
Quiz 15: Integrated Production Processes IPP
Path 4
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Question 1
True/False
Manufacturing is often the quickest way for developing countries to increase domestic wealth and citizen wages.
Question 2
True/False
Theoretically, in the push approach to manufacturing, each job consists of a batch of one unit.
Question 3
True/False
With the pull approach to manufacturing, factory machinery is arranged in clusters or cells.
Question 4
True/False
Continuous inventory management is an inventory management approach where inventory needs and production capabilities are matched across the entire global enterprise.
Question 5
True/False
A process costing is a costing approach where detailed costs to perform activities throughout the value chain are computed and can be managed or assigned to cost objects, including products.
Question 6
True/False
Purchase orders convey authority for the manufacture of a specified product or subassembly in specified quantity and describe the material, labor, and machine requirements for the job.
Question 7
True/False
Manufacturing resource planning (MRP) is an integrated decision support system for planning, executing, and controlling manufacturing operations.
Question 8
True/False
Lifecycle costs are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.
Question 9
True/False
The computer technology application that automates the product design process, including but not limited to the functions of geometric modeling, materials stress and strain analysis, drafting, storing product specifications, and mechanical simulation of a product's performance, is called CAD/CAE.
Question 10
True/False
Production systems facilitate integration of all aspects of product design, manufacturing, and marketing processes.
Question 11
True/False
Product lifecycle management (PLM) systems are ERP modules or enterprise system add-ons that organize data by product, including designs, manufacturing specifications, quality, and warranty performance.
Question 12
True/False
Materials requirements planning is a process that uses bills of material, raw material and WIP inventory status data, open order data, and the master production schedule to calculate a time-phased order requirements schedule for materials and subassemblies.
Question 13
True/False
Cycle time is the time it takes from when authorization is made for goods to be produced to when the goods are completed.
Question 14
True/False
The inventory production schedule is a statement of specific production goals developed from forecasts of demand, actual sales orders, or inventory information.
Question 15
True/False
JIT is a manufacturing philosophy or business strategy for designing production processes that are more responsive to precisely timed customer delivery requirements.
Question 16
True/False
An assembly line manufacturing system is a highly automated computer integrated manufacturing system that has its goal of achieving the ability to quickly produce wide varieties of products using the same equipment.