Additional Quizz

Sustainable business activities emphasize ...

• Reuse & Recycle

• High throughput

• Just in time production

• Maximum utilization and minimal waste

Which of the following is important to maximize the likelihood of innovation projects being both technically and commercially successful?

• An in-depth understanding of the dynamics of innovation

• A well-crafted innovation strategy

• A well- designed processes for implementing the innovation strategy

• All are important

Which of the following are ordering/set-up costs?

• Catalog prices

• Purchase or Production cost preparation

• Difference between catalog prices and quantity discounts

• None of the above

Design for remanufacturing is which one of the following?

• Requirement of lean practices

• Scarce resource equipment

• A sustainable manufacturing goal

• Common in the agricultural industry

A major contributor to poor company performance is which of the following?

• Supplier strikes

• Poor risk management

• Aggressive competitors

• Inflation

A successful circular economy model often requires fundamental rethinking of all:

• Products

• Materials

• System of commerce

• All the above

Logistics space refers to which one of the following?

• Distribution center footprint

• Geographic dispersion of the supply chain

• Warehouse capacity

• vehicle capacity

Which enabling tool would be most applicable to the recycling industry?

• Roboctics

• Blockchain

• Drones

• Edge computing

The goal of achieving a circular economy design is:

• Long term goal

• Short term goal

• Dependent upon industry

• An intermediate length goal

"Production rate is synchronized with demand by varying machine capacity or hiring and laying off workers as the demand rate varies, it is often difficult to vary capacity and workforce on short notice, expensive if cost of varying capacity is high, and negative effect on workforce morale", are characteristics of which strategy?

• Optimal

• Level

• Chase

• Collaborate