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Updated: Jun 02, 2026
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1. How does a just-in-time (JIT) system influence all functional areas within a company?
Choose 2 answers
A) Companies enhance workers' ability to perform.
B) Companies are able to reduce waste.
C) Companies develop new ways to generate revenue.
D) Companies' workers demonstrate intrinsic values.
E) Companies can participate when it is convenient.
2. Which project life cycle phase focuses on determining whether the proposed project is technically, financially, and operationally viable?
A) Conception
B) Execution
C) Feasibility analysis
D) Planning
3. A company's monthly widgets demand has been consistent for the past few years but now a variable shift in demand is forecasted.
The demands are predicted to be:
* January: 20,000 units
* February: 17,000 units
* March: 19,000 units
* April: 21,000 units
* May: 22,000 units
* June: 24,000 units
Beginning inventory of 10,000 units should be maintained.
What is the average monthly net widget production demand for the company?
A) 20,500
B) 20,000
C) 22,167
D) 21,667
4. Which formula would indicate that a fast-food restaurant was performing at, above, or below its benchmark?
A) Time a resource is used / time a resource is available
B) Throughput time / value-added time
C) Actual output / standard output
D) Output / input
5. Which total quality management (TQM) process consists of 13 published standards and guidelines?
A) ISO 9001
B) ISO 9000
C) ISO 9002
D) ISO 1400
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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