Lean production essentially means the elimination of

• Labour
• Time
• Waste
• Problems

Added value is when

• Inputs are transformed to create outputs that meet customer demand
• Inputs are made
• Inputs are transformed to create different outputs
• Inputs of a high quality have more value

Operational Objectives do not include

• Profitability
• Flexibility
• Lower unit cost
• Quality

Which of these is a common measure of labour productivity?

• Output scrap rate
• Profit margin
• Quality assurance level
• Output per worker per day

Which of these pairs are ways to improve quality?

• Researching and Trialling
• Researching and Marketing
• Copying and Marketing
• Copying and Researching

An advantage of using inspection in quality control is that

• Inspectors know what to look for
• Costs are increased because there is more waste
• It can prevent defective product from reaching customers
• It assures the reliability of the production process

TQM systems emphasise the need for close links between all members of the

• workforce
• business community
• supply chain
• trade association

An inventory lead time is

• The maximum level of inventory a Business can or wants to hold
• The average delay in handling customer orders
• the amount of time between placing an order with a supplier and receiving the stock
• the time taken to process outstanding sales orders

What does PM stand for?

• Project Manager

• Project Master

• Project Minder

• Professional Manager

What are the Five Project Management Process Groups in order?

• Initiating, Planning, Monitoring & Controlling, Executing, and Closing.

• Initiating, Monitoring & controlling, Planning, Executing, and Closing

• Initiating, Executing, Planning, Monitoring & controlling, and Closing

• Initiating, Planning, Executing, Monitoring & controlling and Closing