Question 6
The question below is based on the following cost information: What is the carrying cost?
- 14%
- 16%
- 20%
- 25%
Question 7
Which of the following concepts could a firm implement to reduce defects?
- Hansei
- Jidoka
- Muri
- Heijunka
Question 8
Inventory turns is an appropriate performance measure for which of the following functions?
- Material control
- Activity-based costing control
- Total quality management
- Flexible manufacturing
Question 9
The primary purpose of enterprise resources planning is to:
- focus on the manufacturing function within an organization.
- integrate an approach to business management.
- use external knowledge to seek an internal advantage.
- provide data protection along the supply chain.
Question 10
Which of the following techniques typically eliminates common errors?
- Practical kaizen training
- Kaizen
- Poka-yoke
- Kanban