ACC 23 - MID TERM

The key concept in Theory of Constraints (TOC) is:

• benchmarking

• the bottleneck

• throughout

• reengineering

In each of the phase of a product's sales life cycle, management's focus will be:

• parallel

• on the next phase as well as the current one

• different

• undifferentiated

The sequence of activities within the firm which begins with research and development, followed by design, and manufacturing, marketing/distribution, and customer service is the:

The sequence of phases in the products or service's life in the market- from the introduction of the product or service to the growth in sales and finally maturity, decline, and withdrawal from the market is the:

Which of the following determines the desired cost for a product based upon a given competitive price?

• benchmarking

• target costing

• reengineering

• life-cycle costing

Which of the following industries has high upstream costs?

• retail

• perfumes

• cosmetics

• computer software

Throughput time consists of:

• process time

• inspection time and move time

• process time, inspection time, and move time

• process time, inspection time, move time, and queue time

ABC Manufacturing has the following information:

Moving time: 18 days; Inspection time: 12 days; processing time 20 days; and storage time 40 days. What is the total amount of value-added time?

ABC Manufacturing has the following information:

Moving time: 18 days; Inspection time: 12 days; processing time 20 days; and storage time 40 days. What is the total amount of non value-added time?

ABC Manufacturing has the following information:

Moving time: 18 days; Inspection time: 12 days; processing time 20 days; and storage time 40 days. What is the product cycle time?