TEST 4 Production Theory

According to J. R. Hicks, what is the objective of production?

• To organise activity of transforming resources

• To satisfy the demand for transformed resources

• To transform resources into finished products

• To produce goods and services

What are the components of production?

• Engine, Information, Order Manufacturing, Conveyor

• Equipment, Assembly Line, Output, Input

• Raw material, Labor, Management, System

• Job Analysis, Idle Time, Process Layout, Flexible

What is the manufacturing process in which manufacturing starts only after a customer's order is received?

• Assembly to Order

• Line Production

• Make to Stock

• Make to Order

In which type of production are products manufactured based on demand forecasts?

• Make to Order

• Assembly to Order

• Make to Stock

• Line Production

What is the workflow in which a customer's order triggers a manufacturing order for a product, which will then be built using components and subassemblies stocked by the manufacturer?

• Make to Order

• Line Production

• Make to Stock

• Assembly to Order

What is the main purpose of Make to Stock production?

• To start manufacturing after a customer's order is received

• To build products using stocked components and subassemblies

• To manufacture based on demand forecasts

• To satisfy the demand for transformed resources

What is the main purpose of Assembly to Order production?

• To manufacture based on demand forecasts

• To satisfy the demand for transformed resources

• To build products using stocked components and subassemblies

• To start manufacturing after a customer's order is received

What is the main purpose of Make to Order production?

• To satisfy the demand for transformed resources

• To start manufacturing after a customer's order is received

• To build products using stocked components and subassemblies

• To manufacture based on demand forecasts

What is the meaning of MTO in production?

• Assembly to Order

• Make to Order

• Line Production

• Make to Stock

What is the meaning of ATO in production?

• Make to Order

• Assembly to Order

• Line Production

• Make to Stock