Year 12 T10

A business manufactures lamps which has the following costs and revenues:

Fixed costs = €100 000

Sales price per item = €5

Variable costs per item = €3

What would be the number of lamps needed to be sold for the manufacturer to break even?

• 5000

• 33 334

• 50 000

• 100 000

Which quality management system regulates the quality of raw materials?

• Statistical process control (SPC)

• Quality assurance (QA)

• Quality control (QC)

• Just-in-time (JIT)

Which waste would not be reduced by a company switching from just-in-case (JIC) to

just-in-time (JIT)?

• Overproduction

• Unnecessary inventory

• Transporting of raw material

• Defects

What waste mitigation strategy has Apple used in the design of the second generation 2013

version of the MacPro compared to the first generation?

• Recycling

• Reconditioning

• Dematerialization

• Reusing

CIM is a system that uses computers to integrate production, business and manufacturing in order to create more efficient production lines. Which of the following are elements of CIM?

I. Extraction of raw materials

II. Tracking of financial resources

III. Manufacturing final product

• I and II

• I and III

• II and III

• I, II and III

Which of the following terms best describes the most efficient way of designing and producing a

product from the manufacturer’s point of view?

• Cost effectiveness

• Target costs

• Cost analysis

• Cost assurance

Which principle of lean production considers sequence, tools and worker movement in manufacture?

• Value stream mapping

• Lead time

• Kaizen

• Workflow analysis

Which one of the seven wastes does quality control help reduce?

• Overproduction

• Unnecessary inventory

• Defects

• Transporting

Which price setting strategy focuses on measuring all of the costs involved in producing a given product and adding a profit margin?

• Demand pricing

• Cost-plus pricing

• Product line pricing

• Psychological pricing

What is this symbol an example of?

• Quality assurance

• Quality control

• Lean production

• Kaizen