IB DT Paper 1 Topic 10 MCQ

A manufacturer can sell their products in bulk to a retailer for a reduced price. What is the name of this pricing strategy?

• A. Unit cost

• B. Retail price

• C. Wholesale price

• D. Typical manufacturing price

Which of the following are monitored in computer integrated manufacturing (CIM)?

I. Purchasing

II. Recovery of products at the end of their useful life

III. Distribution

• A. I and II only

• B. I and III only

• C. II and III only

• D. I, II and III

A manufacturer can review the sequence of production, tools used and worker movement to help identify areas of improvement. What is the name of this lean production concept, often shown as a flow chart?

• A. Value stream mapping

• B. Lead time

• C. Sorting

• D. Workflow analysis

Which of the following costs are lower in just in time (JIT) production?

I. Storage for finished products

II. Marketing costs

III. Labour costs

• A. I and II

• B. I and III

• C. II and III

• D. I, II and III

Which of the following best describes lead time?

• A. The time for a product to be ordered.

• B. The time for a product to be manufactured.

• C. The time for delivery of a finished product.

• D. The time from order of a product to delivery to the customer.

Which of the following lean production concepts values the opinions and suggestions of the workforce in order to ensure continuous improvement?

• A. Product family

• B. Kaizen

• C. Workflow analysis

• D. Value stream mapping

What is true of just-in-case (JIC) inventory management?

• A. Guarantees that products will be available

• B. Reduces inventory costs

• C. Enables lean production

• D. Efficient use of materials

Which of the following is a pricing strategy where a company will add a percentage to the total cost of a product?

• A. Demand pricing

• B. Competitor-based pricing

• C. Cost-plus pricing

• D. Psychological pricing

The regulation of the quality of raw materials, assemblies, products and components is referred to as…

• A. Quality control (QC)

• B. Quality assurance (QA)

• C. Statistical process control (SPC)

• D. Standardization

Which of the following is true of break-even?

• A. It is based on qualitative analysis

• B. It is based on all products that a company sells

• C. It is based on fixed and variable costs

• D. It is based on trends of consumer behaviour