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| 1 | |
Goldratt's rule of production scheduling includes all but: |
| | A) | Do not balance the capacity--balance the flow |
| | B) | Utilization and activation of a resource is not the same thing |
| | C) | An hour saved at a non-bottleneck is a mirage |
| | D) | A process batch should be fixed both along its route and in time |
| | E) | Priorities can be set only by examining the system's constraints |
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| 2 | |
The steps in Goldratt's Theory of Constraints problem solving approach include: |
| | A) | Identify the system constraint |
| | B) | Decide how to remove the system constraints |
| | C) | Elevate the system constraint to highest priority |
| | D) | A and B |
| | E) | A and C |
| | F) | A, B, and C |
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| 3 | |
The measures of the firm's ability to make money according to Goldratt include: |
| | A) | Net profit |
| | B) | Return on assets |
| | C) | Cash flow |
| | D) | A and B |
| | E) | A and C |
| | F) | A, B, and C |
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| 4 | |
Operational measures include: |
| | A) | Throughput |
| | B) | Inventory |
| | C) | Operating expenses |
| | D) | A and B |
| | E) | B and C |
| | F) | A, B, and C |
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| 5 | |
From an operations standpoint, the goal of the firm is to simultaneously increase throughput and inventory and reduce operating expenses. |
| | A) | True |
| | B) | False |
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| 6 | |
If there is no bottleneck, then excess capacity exists and the system should be changed to create a bottleneck. |
| | A) | True |
| | B) | False |
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| 7 | |
Which of the following according to Goldratt is not a component of production cycle time? |
| | A) | Setup time |
| | B) | Process time |
| | C) | Wait time |
| | D) | Queue time |
| | E) | Maintenance time |
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| 8 | |
If the system contains a bottleneck, the _______ is the best place for control. If there is no bottleneck, the __________ is the best place for control. |
| | A) | Capacity-constrained resource, bottleneck |
| | B) | Capacity-constrained resource, drum |
| | C) | Bottleneck, capacity-constrained resource |
| | D) | None of the above |
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| 9 | |
According to Goldratt and Fox, a useful performance measure to treat inventory is ______. |
| | A) | Inventory turnover |
| | B) | Current ratio |
| | C) | Quick ratio |
| | D) | Dollar days |
| | E) | None of the above |
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| 10 | |
The drawbacks of JIT in relation to synchronous manufacturing include all but: |
| | A) | JIT is limited to repetitive manufacturing |
| | B) | JIT requires a stable production level |
| | C) | JIT uses a schedule to assign work to each workstation |
| | D) | JIT does not allow very much flexibility in the products produced |
| | E) | All of the above are drawbacks of JIT |
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| 11 | |
In the TOC application to bank lending, a new market constraint develops because: |
| | A) | The supply of bank funds is less than the demand in the market place |
| | B) | The bank management has failed to hire sufficient loan officers |
| | C) | The bank management refuses to lend to customers who do not have a bank credit card |
| | D) | None of the above |
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