WorksheetsLesson 32 (Ops 2 retrieval)
Total questions: 10
Worksheet time: 5mins
Which is NOT an aspect of Total Quality Management?
Zero defects
Benchmarking
Buffer stock
Quality chains
A business has a maximum stock level of 2,000 items, it holds no buffer stock. It uses 250 units each day, and has a lead time of 5 days with its supplier. What is i) the reorder level and ii) the reorder quantity?
Reorder level 1,250 units and reorder quantity 2,000
Reorder level 250 units and reorder quantity 1,750
Reorder level 1,000 units and reorder quantity 1,250
Reorder level 1,250 units and reorder quantity 750 units
Which approach to quality focuses on defect detection as opposed to defect identification?
Total Quality Management
Quality Control
Quality Assurance
Kaizen
Which is NOT an internal economy of scale?
Technical
Managerial
Education
Financial
A business produces and sells 1,200 items, and has maximum capacity of 2,000 items. It used to produce and sell 1,500 items. What is the likely consequence of this?
It will have lower unit costs and higher profit margins
It will have higher unit costs and lower profit margins
It will have lower revenue and lower fixed costs
It will have lower revenue and higher fixed cost
Which is NOT a benefit of using Just-in-Time stock control?
Less storage costs
Lower risk of obsolescence
Better cashflow
It allows for unreliable suppliers
A business is growing. It is considering investing in a new robotic production line to handle the larger quantities and become more efficient. Which internal economy of scale is being sought here?
Managerial
Technical
Purchasing
Financial
Due to the influx of automotive businesses in the North-East local banks have began tailoring banking and debt factoring services to the sector. This is an example of?
Internal financial economies
Internal purchasing economies
External financial economies
External supplier economies
Which is true of the motivational theory of Vroom?
He had a hierarchy of needs which he believed must be achieved in an upwards order
He believed that workers were primarily motivated by the opportunity to form relationships in the workplace
He believed that there were some factors which motivated, but other factors which merely avoided worker dissatisfaction
He believed workers needed to value the reward, believe they could achieve the target and expect the reward to be honoured to be motivated
Quality assurance may be thought to be better than quality control because:
It requires less worker training
It will avoid wastage of materials and time
It is less time consuming and disruptive to processes
It will leave quality in the hands of only those most senior inspectors
