Question :
71.A _____ includes a grouping of various types of machinery, : 1299485
71.A _____ includes a grouping of various types of machinery, a common materials handler, and a computer to control the production of a family of parts or products.
A. specialized asset
B. dynamic capability
C. turnkey project
D. flexible machine cell
E. just-in-time inventory
72.Which of the following is a consequence of using flexible machine cells?
A. It fails to adapt to the production of different products.
B. It generally results in stockpiles of partly finished products.
C. It improves capacity utilization and reduces wastes.
D. It increases setup time for complex equipment.
E. It adds to the cost structure of a firm.
73.Flexible manufacturing technologies help a company achieve mass customization, which increases its _____.
A. cost structure
B. waste
C. customer responsiveness
D. learning effects
E. externalities
74.Amber Engineers Inc. wants to be able to customize products for different national markets and in turn increase its customer responsiveness. However, the fixed costs associated with its production are high. Hence, these functions will be performed most efficiently if Amber Engineers Inc.:
A. sets up a production facility that is well suited for mass production.
B. establishes multiple manufacturing facilities in each major national market.
C. increases each manufacturing unit’s minimum efficient scale of output.
D. adopts flexible manufacturing technologies to help achieve mass customization.
E. locates its production unit in countries that have drastic fluctuations in exchange rates.
75.Flexible manufacturing technologies enable companies to:
A. establish multiple manufacturing facilities in each major national market.
B. build large inventories.
C. achieve product standardization across markets.
D. increase their work in progress.
E. produce customized products without a significant cost penalty.
76._____ refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output.
A. Lean production
B. Just-in-time
C. Mass customization
D. Specialized asset
E. Dynamic capability
77.Which of the following statements is true of flexible manufacturing technologies?
A. The idea of manufacturing in each major market is becoming attractive due to these technologies.
B. They fail to produce multiple models from the same line.
C. They are used to reconcile the goals of large volumes and standardized output.
D. They decrease the utilization of individual machines.
E. They allow firms to customize products to national differences at a single facility.
78.Technological factors are making it feasible for firms to concentrate manufacturing facilities at optimal locations. The major brakes on this trend are:
A. differences in endowment factors.
B. transportation costs and trade barriers.
C. rising national differences in consumer tastes and preferences.
D. growing free trade areas and democracy.
E. declining fluctuations in exchange rates.
79.A product’s value-to-weight ratio affects location decision primarily because of its influence on:
A. transportation costs.
B. shelf life.
C. work-in-progress.
D. inventory turnover.
E. capacity utilization.
80.Two product factors impact location decisions. They are the product’s value-to-weight ratio and:
A. whether the product serves universal needs.
B. the product’s life cycle.
C. the product’s packaging.
D. the availability of flexible manufacturing technology.
E. whether the product is produced using environmental friendly methods.
