120 100 or productive work per year. On average, t basic citoner information for a manual customer der spend an additional 0.04 Required What is the What is the der entry c C. Measuring and Managing Process Performance Part One. Multiple Choices (10 Marks) 1. Which of the following hest represents the Plas shop in the Plan-Do-Check-Act (PDCA) A) Take actions to lower costs, change once allocations, improve the quality, cycle time and introduce new products and ved B) Measure and monitor ongoing performance and take short-term actions based on the measured performance C) Define the the organization's purpose and select the focin and scope of its string D) Implement the chosen course of action 2. Constrains from the theory of constraints may include 4 A) the availability of direct materials in manufacturing linear i square feet of display space for a retailer 8) C) direct labor in the service industry D) All of the above are correct. 3. Lean man manufacturing A) has a central philosophy that resource spending that does not add value must be elim B) defines value as any action or process for which the customer is willing to pay C) is derived from the Toyota Production System D) All of the above are correct include the cost of raw-materials inspections and assembly-line impections A) Prevention costa B) Appraisal costs C) Internal failure costs D) External failure costs 5. All the statements below are true regarding Kaizen costing except that A) cost-variance analysis compares target Kaizen costs with actual cost reduction an B) cost reductions apply to all variable costs. C) workers are assumed to have the best knowledge to improve processes and redac D) cost reduction targets are set and applied on an annual basis. 6. One goal of stage. is to design costs out of products in the research, development, and A) cost-plus pricing B) target costing C) Kaizen costing D) traditional costing 7. Standard costing includes: A) continuous improvement B) monthly cost reduction targets C) the assumption that workers closest to the process know best