Question 75(1 point)

Just-in-time production is called a pull system because actual orders "pull" the goods through the production process.

Question 75 options:

TrueFalse

Question 76(1 point)

Wages earned by workers in the nation of Ruritania are only a third as high as the wages paid to Canadian workers. This clearly means that Canadian firms that outsource production to Ruritania will enjoy much lower costs of production.

Question 76 options:

TrueFalse

Question 77(1 point)

Which of the following is the set of strategies and practices to eliminate waste?

Question 77 options:

lean production

lean investment

lean manufacturing

lean management

Question 78(1 point)

What type of production emphasizes production of goods to meet actual current demand, therefore minimizing the need to hold inventories of finished goods and work-in-process?

Question 78 options:

PERT

ERP

MRP

just-in-time (JIT)

Question 79(1 point)

Vertical integration means performing functions in a supply chain internally rather than having them outsourced.

Question 79 options:

TrueFalse

Question 80(1 point)

Which of the following is true of goods?

Question 80 options:

They are intangible.

They must be consumed when they are produced.

They can have some aspect of quality measured objectively.

They require customers to be actively involved in their production.