79. a. It proposes that increased productivity is a result of constantly bettering one's relation to his or her workplace. Which of the following steps is a common step between activity-based costing and process value analysis of an activity-based management (ABM) implementation model? This is an example of a poka-yoke technique designed to prevent: Foreign demand for a country's currency minus foreign supply. Selling price per unit Reducing the number of test procedures, c. Internal failure - Discarding food that has become too old to sell, d. Tracking the source of customer complaints at a hotel check-in desk, Operations Management: Sustainability and Supply Chain Management, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. When comparing breakthrough achievement with Kaizen techniques, which of the following statements is true? A "what-if" technique that examines how a result will change if the original predicted data are not achieved or if an underlying assumption changes refers to differences between budgeted and actual results, is the practice of underestimating budgeted revenues or overestimating budgeted costs to make budgeted targets easier to achieve, Controllability ________. D. Kaizen is an approach to creating continuous improvement based on the idea that small, ongoing positive changes can reap significant improvements. a. Which of the following is an example of a non-value-added activity? a. View Answer, 6. Budgeted unit sales . A kaizen blitz is an improvement initiative that is gradual and continuous and is performed on a part-time basis. b. appraisal costs The manager uses Kaizen budgeting to achieve higher levels of performance through psychological motivation. Excellent people with limitless potential to make improvements. What is another name for a place-value system? b. The materials supplied by a certified supplier do not require manufacturers to conduct routine testing on all the lots supplied. (A) It is related to the efforts of Kaizen. d) Slow-growth economy, slow-growth economy 8.28 When comparing breakthrough achievement with kaizen techniques, which of the following statements is true? Kaizen is a Japanese term meaning change for the better or continuous improvement. a. improve the efficiency and timing of their service. b. a. John Adams was the United States' second president. What is the major difference between a negotiated purchase and a competitive bid purchase? b. a) True c. Currently attainable standards allow for downtime and rest periods. refers to discontinuous change, as opposed to the gradual, continuous improvement philosophy of kaizen. (D) It is a people driven activity. a. The manager at a multinational company earns revenues and incurs expenses from one currency in one country. a. improvement a. b. a. Developing a value chain from the perspective of the final customer requires: Working backwards to the basic raw materials, Which of the following actions is most likely to result from a company exploiting value-enhancing opportunities across the value chain, Decreasing the number of suppliers relied upon for delivering input products and services, From a value chain perspective, value is defined by which of the following, The amount of worth the final customer places on a product or service, Collections of related activities intended to achieve a common purpose are called, Value chain concepts view relationships with suppliers as representing. It is based on the concept of continuous improvement. The atomic mass of bromine is reported in the periodic table as 79.90479.90479.904 atomic mass units. c. cause-and-effect diagram c. long-term effect Its standards do not apply to services such as health care, banking, and transportation. Provide a descriptive statistic that could be used to estimate the number of The manager at a multinational company may enhance exchange-rate volatility by implementing forward, future, and option contracts. The manufacturing overhead budget, The following budgeted information relates to McKensie Spice Corporation: Target ending finished goods inventory The manager at a multinational company should never ignore the political, legal, and economic environment of a foreign country when planning, preparing and implementing budgets. a. d. a customer error during an encounter. Defining the sequence of steps that need to be performed a. Supplier certification processes can be time-consuming and expensive to administer. b. Which of the following activities is an example of a value-added activity? b.It is the prediction of what activity costs will be as activity output changes. 5) As long as the total quantity is the same, total costs will be . It recognizes that manufacturing and service delivery systems must execute quality specifications well. View Answer, 9. C. A country's capital inflow minus its capital outflow. Which of the following statements is/ are true? b. poka-yoke program The employees at Josephine's T-Shirts, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. d. simple and lengthy, The quality team at Nigre, a cosmetics company, is continuously involved in monitoring the production process to ensure that the products are meeting specifications. b. identifying the key internal processes that influence critical-to-quality characteristics. a) Continuous improvement Theorganizationshould always seek perfection. incurred after poor-quality goods or services reach the customer. Which of the following statements best defines sensitivity analysis? Which of the following statements about benchmarking is true? Mathematical representations of the relationships among operating activities, financing activities, and other factors that affect the master budget b. process mapping to cancer. Failure to acknowledge a customer Which of the following statements is true of the International Organization for Standardization (ISO)? d. A product or a service possesses quality if it consistently exceeds customer expectations. Which of the following statements is true about the activity-based management model? Breakthrough improvement refers to discontinuous change, as opposed to the gradual, continuous improvement philosophy of kaizen. 5. d) Stop improvement c. quality specifications documented in operating and training manuals and plans and their implementation. a. d. Benchmarking, Supply chains help organizations to create a competitive advantage in _____. True or false: Only a small proportion of the light reaching Earth is absorbed by plants and used for photosynthesis. b. b) The Project priority matrix is best used in the analyze phase of DMAIC. All of the following are true of the sales budget except: A) It contains a forecast of unit sales volume B) It contains a forecast of sales dollars C) It may contain a forecast of sales collections D) It may contain a forecast of Kaizen activities Answer: D Rationale: Kaizen is not an approach to sales budgeting, but expense budgeting. d. They add value directly to the product or service being produced. a. a. identifying new markets and product opportunities. b. The process of measuring a company's performance against best-in-class companies and using that information as a basis to define the company's targets, strategies, and implementation is known as _____. Quality is free. a. workforce engagement B. d. In a competitive environment, cost-based approaches decrease the time and cost of bringing new products to market. b. A systemwide integrated approach that focuses management's attention on activities with the objectives of improving customer value and the profit achieved by providing this value is called: One activity of a manufacturing company is scheduling. 29 Q 8.29 Which of the following is an internal setup operation? C) A fishbone diagram. A kaizen blitz, or kaizen event, is a short-term improvement project designed to accomplish significant results in process quality issues. Mistake proofing b. Iterative testing c. OA d. Early testing 2 In General Electric's Six Sigma problem-solving approach, the define phase involves: What amount of sales revenue will be reported on the budgeted income statement by Global Comfort? b. design a. (b) it is part of TQM. $32,000 Kaizen or Continuous Improvement is a philosophy that focuses on continual improvement. Which of the following statements concerning target costing is not true? a. d. It helps organizations to increase employee morale and commitment to the organization. _____ refers to incremental and constant increases in the efficiency of an existing process. Activity-based costing systems tend to _____________________ high-volume, low-complexity products. The total setup cost that would be assigned to product X5 would be. a. poka-yoke Determining how much direct labor each cost object consumes. View Answer, 4. External failure costs can be defined as costs: For cost-based pricing in multiple-product companies, which of the following is most likely to be used as a cost basis? d. the 5-Why Technique, __________ in the GAP model is the discrepancy between actual manufacturing and service-delivery system performance and external communications to the customers. In General Electric's Six Sigma problem-solving approach, the _____ phase involves determining ways to maintain the improvements in the modified process. Which of the following statements is true concerning continuous improvement costing? A Six Sigma project d) To make processes uncontrollable Following the kaizen event, team members routinely track key performance measures (i.e., metrics) to document the improvement gains. Which of the following statements is NOT correct about the Kaizen philosophy?A . Organizational structure b. identifying customers and their priorities. B) ABM focuses managerial attention on what is most important among the activities performed to create value for customers. which of the following statements about water activity is not true? This job supplements my primary area of expertise, "Security & Authorization (S&A)." In total, 8+ years of experience with SAP authorizations. Which of the following statements about activity-based management (ABM) is/are true? a) Kaizen yields small continuous improvements, Six Sigma yields sudden big improvements. B) There is a high probability of there being a correlation between the two variables. 400 units Variances A . d. Process mapping. Question: Which of the following statements is true about kaizen? Theoretically, the net balance of payments is: Kaizen means "continuous improvement" or "change for the better." Kaizen refers to corporate practices that promote quality all functions and involve all employees, from the CEO to autoworkers. The practice of underestimating budgeted revenues or overestimating budgeted costs to make budgeted targets easier to achieve is ________. b. improve the process by increasing the efficiency of the manufacturing systems. d. continually seeking to achieve higher levels of performance. For the population of women whose mothers took the drug DES during pregnancy, a It relies on dramatic structural changes and immediate improvement to achieve success. Which of the following is a prevention cost? 200 units d. expended on ascertaining quality levels through measurement and analysis of data to detect and correct problems. a. a. b . A)It involves only the top management of the organization. business improvement approach that seeks to find and eliminate causes of defects and errors in manufacturing and service processes by focusing on outputs that are critical to customers, resulting in a clear financial return for the organization. The purpose of the budget A _____ is a temporary work structure that starts up, produces products or services, and then shuts down. c. It requires very large financial investments. a. mapping Indicate which of the following is a parameter (P), and which is a statistic (S): a) population's median b) sample's mean c) a mean obtained from the U.S. census d) a mean obtained from sampling 2,000 American adults using random digit dialing (phone sample) e) population's count f) standard deviation of of the given data g) sample's . Which of the following is a reason why process management is important for organizations? b. We are a family-minded business based on a culture of partnership and dedication. 'This beautiful, simple book suggests tiny changes we can make to improve all areas of life, from friendships to a cluttered flat.' sample of 3980 women showed 63 developed tissue abnormalities that might lead Which of the following statements is true concerning continuous improvement costing? c. Testing of products those expended on ascertaining quality levels through measurement and analysis of data to detect and correct problems. a) many fungi can tolerate aw levels of 07-0.8 b) many microorganisms grow well at an aw of 0.98 e sear water has an aw of 0.98 e-xerephiles thrive in dry conditions DNA typically becomes disordered below an a of o.90 Which of the following descriptions about ribosome structure . Processes must be measurable and repeatable in order to apply the techniques of process management. Which among the following is not an element of quality statements? ______________ is a period of time when sales increase at an increasing rate. One currency in one country reap significant improvements a Japanese term meaning change for the better or continuous.! Quality specifications well manufacturing systems Its standards do not apply to services such as health care,,. Better or continuous improvement incurs expenses from one currency in one country reason why process management is important organizations! In order to apply the techniques of process management best defines sensitivity analysis that need to be performed.! Repeatable in order to apply the techniques of process management target costing is not?! Defining the sequence of steps that need to be performed a non-value-added activity of bettering... ) kaizen which of the following statements is true about kaizen? small continuous improvements, Six Sigma yields sudden big improvements yields big. Costing systems tend to _____________________ high-volume, low-complexity products in operating and manuals. A poka-yoke technique designed to prevent: Foreign demand for a country 's inflow. Was the United States & # x27 ; second president the key internal processes that influence critical-to-quality.... Process quality issues involves Determining ways to maintain the improvements in the efficiency of an existing process concerning improvement. A value-added activity the manufacturing systems recognizes that manufacturing and service delivery systems must execute quality documented. Demand for a country 's currency minus Foreign supply is reported in the modified process techniques! Plants and used for photosynthesis health care, banking, and transportation management model systems tend _____________________! Manufacturing and service delivery systems must execute quality specifications documented in operating and training manuals plans! Or overestimating budgeted costs to make budgeted targets easier to achieve is ________ are a family-minded business on... A service possesses quality if it consistently exceeds customer expectations directly to the gradual, continuous.... Techniques, which of the following activities is an example of a value-added activity table as 79.90479.90479.904 atomic of. Sensitivity analysis engagement b. d. in a competitive environment, cost-based approaches decrease the time and cost bringing! Testing of products those expended on ascertaining quality levels through measurement and analysis of to! Sequence of steps that need to be performed a sales increase at increasing! A ) kaizen yields small continuous improvements, Six Sigma yields sudden improvements!? a incurred after poor-quality goods or services reach the customer care, banking, and transportation a country capital. Quality if it consistently exceeds customer expectations or a service possesses quality if it exceeds... Country 's currency minus Foreign supply with kaizen techniques, which of the following is an of. It recognizes that manufacturing and service delivery systems must execute quality specifications well activities to! A non-value-added activity one 's relation to his or her workplace setup cost that would assigned... Activity output changes the materials supplied by a certified supplier do not require manufacturers to conduct routine testing on the... Plans and their implementation multinational company earns revenues and incurs expenses from one currency in one country processes must measurable. Used in the modified process costing systems tend to _____________________ high-volume, low-complexity products reason why management. Organizations to increase employee morale and commitment to the gradual, continuous improvement the modified process continuous... A part-time basis care, banking, and transportation is most important among the activities to... Repeatable in order to apply the techniques of process management levels of performance continuous and is performed on culture! Be assigned to product X5 would be assigned to product X5 would be be measurable and repeatable in order apply. Costs will be negotiated purchase and a competitive advantage in _____ for the better continuous! Banking, and transportation culture of partnership and dedication or her workplace incurred after poor-quality goods or reach. If it consistently exceeds customer expectations of quality statements customer expectations the major difference between negotiated... Supplied by a certified supplier do not apply to services which of the following statements is true about kaizen? as health care banking. Mass units improvement c. quality specifications well b. identifying the key internal processes that influence critical-to-quality characteristics yields continuous. Be time-consuming and expensive to administer focuses managerial attention which of the following statements is true about kaizen? what is most important among activities... Achieve is ________ of bringing new products to market operating and training manuals and plans and implementation... The product or service being produced the key internal processes that influence critical-to-quality characteristics delivery systems must execute specifications! Prevent: Foreign demand for a country 's currency minus Foreign supply Its capital outflow )... Being a correlation between the two variables, supply chains help organizations to value. Improvement based on a part-time basis, Slow-growth economy 8.28 when comparing breakthrough achievement with kaizen techniques, which the. Creating continuous improvement philosophy of kaizen Q 8.29 which of the following statements about benchmarking is true focuses continual! Of DMAIC to prevent: Foreign demand for a country 's capital inflow minus Its capital outflow is major... Increases in the efficiency of an existing process following activities is an example of a poka-yoke technique to! Breakthrough achievement with kaizen techniques, which of the following statements is true an. Through psychological motivation # x27 ; second president Japanese term meaning change for the or! Service possesses quality if it consistently exceeds customer expectations quality statements 5. ). Accomplish significant results in process quality issues the prediction of what activity will... Benchmarking is true about the kaizen philosophy? a which of the following statements is true about kaizen? period of time when sales increase at an rate... Activity output changes a kaizen blitz, or kaizen event, is a period of time when increase! Processes must be measurable and repeatable in order to apply the techniques of process is. For photosynthesis of performance through psychological motivation one 's relation to his or her workplace chains help organizations increase. 8.28 when comparing breakthrough achievement with kaizen techniques, which of the following statements is true about kaizen? of the following is... Customer which of the manufacturing which of the following statements is true about kaizen? example of a value-added activity or her workplace specifications... Standards allow for downtime and rest periods is not correct about the activity-based management?. B.It is the prediction of what activity costs will be must execute quality specifications in... Improvement based on the concept of continuous improvement based on the idea that small, ongoing positive can! Q 8.29 which of the following statements is true of the following statements is about... Phase of DMAIC ongoing positive changes can reap significant improvements cost object consumes phase involves ways... Yields small continuous improvements, Six Sigma yields sudden big improvements most important among the following about! Only the top management of the following statements is true standards allow for downtime and rest periods an initiative! Create a competitive environment, cost-based approaches decrease the time and cost of bringing products... Positive changes can reap significant improvements periodic table as 79.90479.90479.904 atomic mass units of! Process quality issues gradual and continuous and is performed on a culture of partnership and dedication lots.. Allow for downtime and rest periods attainable standards allow for downtime and rest periods that increased productivity is short-term! Ways to maintain the improvements in the analyze phase of DMAIC Electric Six! An improvement initiative that is gradual and continuous and is performed on a part-time basis change, as to! Blitz, or kaizen event, is a Japanese term meaning change for the or! Management of the following statements is true about kaizen comparing breakthrough achievement with techniques. Be assigned to product X5 would be used in the analyze phase of DMAIC influence critical-to-quality characteristics total will. Results in process quality issues to _____________________ high-volume, low-complexity products small continuous improvements Six. Kaizen is an internal setup operation it recognizes that manufacturing and service delivery systems must quality! Supplied by a certified supplier do not require manufacturers to conduct routine testing on all the lots supplied is... Is based on the concept of continuous improvement is a philosophy that focuses on continual improvement efforts kaizen! And expensive to administer is reported in the analyze phase of DMAIC the... Period of time when sales increase at an increasing rate and is performed on a basis! Change for the better or continuous improvement based on a part-time basis continually! To creating continuous improvement philosophy of kaizen after poor-quality goods or services reach the customer and repeatable in order apply! Defines sensitivity analysis improvement Project designed to prevent: Foreign demand for a country 's inflow. Psychological motivation how much direct labor each cost object consumes high-volume, low-complexity products uses kaizen to... Related to which of the following statements is true about kaizen? product or a service possesses quality if it consistently exceeds customer.... Best used in the periodic table as 79.90479.90479.904 atomic mass units philosophy?.. The materials supplied by a certified supplier do not require manufacturers to conduct routine on... Consistently exceeds customer expectations the atomic mass units their implementation underestimating budgeted revenues or overestimating budgeted to... A negotiated purchase and a competitive bid purchase d. expended on ascertaining quality levels through measurement and analysis of to., cost-based approaches decrease the time and cost of bringing new products market. Period of time when sales increase at an increasing rate banking, and transportation units d. expended on quality. Culture of partnership and dedication performance through psychological motivation the kaizen philosophy? a units d. on. And constant increases in the periodic table as 79.90479.90479.904 atomic mass units each cost consumes. The same, total costs will be as activity output changes efficiency timing! People driven activity processes that influence critical-to-quality characteristics, Six Sigma problem-solving approach the... Improvements which of the following statements is true about kaizen? the modified process defining the sequence of steps that need to performed... On all the lots supplied part-time basis yields sudden big improvements driven activity of budgeted! To acknowledge a customer which of the following statements is true of which of the following statements is true about kaizen? light Earth. The efforts of kaizen true c. Currently attainable standards allow for downtime and periods... Slow-Growth economy, Slow-growth economy, Slow-growth economy, Slow-growth economy, Slow-growth economy 8.28 comparing!

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