Question 2 (Mandatory) (1 point) Saved Production has been the traditional term used to for the set of activities managers perform to help their firms create goods. Today the concept as we now use it also includes 2 A) utility B) services 12 C) the factors of production D) economic resources 15 Question 9 (Mandatory) (1 point) Which of the following statements about facility location is most accurate? A) Advances in information technology permits firms to locate in expensive metropolitan areas. B) Manufacturers seek to reduce time-to-market by selecting a location which will lower transportation costs. C) Most companies locate major facilities within a few miles of where they began operations. D) Most firms are uninterested in labour costs when making decisions about where to locate. Question 12 (Mandatory) (1 point) The standard of living of Canadians is at risk because our productivity has not kept pace with competing nations. To improve this situation Canada needs to place a greater emphasis on A) reducing costs B) managing natural resources C) innovation D) modernizing tax laws Question 13 (Mandatory) (1 point) A production control tool that specifies the necessary ingredients of a product, the order in which they should be combined, and how many of each are needed to make one batch: A) productivity list B) product manifest C) bill of materials D) JIT ingredients