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Operation management part 1

Which of the following is not a feature of a Just in Time (JIT) inventory control system?
€ No inventories are held by the business
€ Inventories are held by the business just in case there is a delay in deliveries or a surge in demand
€ Inventories are only delivered when needed
€ Finished goods are delivered to the customer as soon as they leave the production process
Which of the following best describes lean production?
€ Producing items in batches
€ Producing one item at a time
€ The production of goods and services focussing on reducing waste, whilst ensuring quality
€ Producing items on an assembly line
Which of the following best describes batch production?
Mass production of identical goods on an assembly line
The production of goods in separate groups
He production of goods one at a time
Standardised products are produced on a large scale
The cost of making one unit of output is calculated by using which of the following:
Fixed costs divided by output
Revenue divided by output
Total variable costs divided by output
Total costs divided by output
Revenue is calculated as:
Fixed costs + total variable costs
Price x total variable costs
Price x quantity sold
Price x total costs
What does the Japanese term ‘Kaizen’ mean?
Continuous improvement
Meeting customer needs
Improving productivity
Producing quality goods and services
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