Mid Term Exam Essay examples - 1165 Words

Operations Management Mid Term Exam 1. Discuss how just-in-time manufacturing might affect a Job Shop (Consider both positive and negative impacts on both internal and external operations). Just-In-Time (JIT) manufacturing may affect a Job Shop both positively and negatively. The most important affect is that it improves the performance of job shop production. JIT also eliminates waste and/or decreases work in progress (WIP) in that same sense. JIT allows for products that are produced to fulfill an immediate demand for them. JIT emphasizes on quality. Quality is very important in JIT manufacturing because it decreases or eliminates costs and increases profits by producing high quality products the first time around. JIT†¦show more content†¦I would become my own distributor, thus passing these savings to my customers, while gaining market share. Another level of vertical integration would be that I’d purchase more land to have grass to feed my cows, instead of purchasing feed from a feed company. That type of integration is called forward integration. 3. Discuss the concept of the â€Å"Process Spectrum†. Use examples where appropriate. The Process Spectrum is made up of five major types of manufacturing processes that a company may use to get to an end product, or a finished good or service. The continuous flow process is characterized by the flow of material. During this process, the material hardly ever stops, but moves constantly from one process to another. Using the continuous flow process, the time to transform raw material into a finished project can be easily estimated. The Job Shop process is the most flexible of the processes. Unlike the continuous flow process, the Job Shop process it group’s similar equipment together. This most often allows for products to flow from one machine to a different type of machine and back to a previous type of machine, if needed, unlike the continuous flow process. This process fulfills an outside customer’s order by an agreed-upon date and whatever quantity ordered. The batch flow process is most similar to the job shop process, in that the equipment is grouped by function rather thanShow MoreRelatedMid Term Exam Essay1107 Words   |  5 PagesCompare and contrast the traditional motivations for internationalization with the emerging motivations. Traditional motivations for internationalization were the starting point of expansion. The original mental outlook of foreign operations was that they needed to merely be strategic and organized extensions of the domestic business; therefore, traditional motivations reflected that perspective. For example, one of the initial, traditional motivations was the need to secure key supplies. If aRead MoreEssay Mid Term Exam1014 Words   |  5 PagesFIN413 – Practice Midterm Exam Fall 2012 Boris Nikolov William E. Simon Graduate School of Business Administration University of Rochester Name ______________________________ ï‚ · Please do not open exam until instructed to do so ï‚ · Exam is 2 hours ï‚ · This is a closed book exam ï‚ · One page of personal notes allowed ï‚ · Please do not sit in adjacent seats ï‚ · Please write only in the space provided for each question ï‚ · You need a pocket calculator ï‚ · Read MoreInternational Politics : Mid Term Exam724 Words   |  3 PagesL. Paredes-Manfredi VCC INR 2002 INTERNATIONAL POLITICS Mid-Term Exam Answer two of the following questions in an approximately 1 to 1 1/2 page essays each. Be sure to Spell and Grammar check. Use your texts to make citations supporting your essays. No additional research beyond the text is necessary. Each essay is 50 points, total test 100 points. SELECT TWO QUESTIONS ONLY: 1. Explain why it is important to understand the evolution of the world’s international system in order to understandRead MoreMid Term Exam: Political Sciences1307 Words   |  5 PagesMid Term Exam (A0109493Y) Part A \ Q1. The top 4 key stakeholders are as follows: 1. Businesses/ Employers in City Z The main interest of businesses/ employers in city Z is to gain profits for owners/ shareholders. Regarding the issue of wage increase, they will tend to raise an objection because the policy will create an extra cost to their businesses and go against their interests to have more profit. They have a strong political influence because they provide jobs in the city and move the localRead MoreMid Term Exam : Take Home Essay1891 Words   |  8 PagesMid-Term Exam: Take Home Nursing Theory Nur3333 Total Points Available: 20 points This exam is based on the 5 in-class discussion assignments. The 5 evidence-based research articles refer to the models of 5 important theorists: Nightingale, Orem, Watson, Levine and Johnson. Additional sources of information to help in answering the questions can be found in the textbook, particularly in chapters 11 and 13. ALL SOURCES USED MUST BE CITED AT THE END OF THE EXAM USING THE CORRECTRead MoreMid Term : Short Id Exam1220 Words   |  5 PagesMid-Term: Short ID Exam; â€Å"Top Ten† 1. Bronze Age; The Bronze Age was a time when Europe and Asia minor began to transition from the use of stone to bronze ores. It is believed it started sometime in 2300 B.C in parts of Europe. The importance of this period is significant because during this time it shows the improvement of human technology. During this time, bronze is smelted into tools and weapons. The bronze outperformed the stone tools and weapons. It then leads to trading across to the IndusRead MoreChemistry Mid Term Exam Version1284 Words   |  6 PagesChemistry Mid-term Exam Version 2/23/15 Name: Leila Marshall Student number: JM1512137 Directions: It is important that you provide answers in your own words. Please focus only on information from the text/eBook to create your own solutions. Please do not use direct information from an outside source (especially copying and pasting from an â€Å"answer† website). Use of direct information from an outside source is against schoolRead MoreBba 360 Mid Term Exam1773 Words   |  8 PagesBBA 360 Mid Term Exam 1. What were the traditional 4 functions of mgmt developed in 1912 by Fayol? What functions do you think are effective in the 21st century? The traditional 4 functions of management by Fayol are; Planning, Organizing, Leading, and Controlling. Planning is the step where an action plan is created based on the organization and team goal, objectives are created and deadlines. Organizing is the step where team roles, responsibilities and task are assigned. Leading is the stepRead MoreEssay about Mid Term Exam3080 Words   |  13 Pagesunless permitted by the invitation. The term â€Å"telegraphic bids† means bids submitted by telegram or by mailgram. (c) Facsimile bids shall not be considered unless permitted by the solicitation (see 14.202-7). (d) Bids should be filled out, executed, and submitted in accordance with the instructions in the invitation. If a bidder uses its own bid form or a letter to submit a bid, the bid may be considered only if— (1) The bidder accepts all the terms and conditions of the invitation; and (2)Read MoreEssay Mid-Term Exam Busn 3791364 Words   |  6 PagesCorrect: Multiple Choice 31 29 Many Multiple Choice 1 0 Short 4 N/A Grade Details - All Questions Page: 1 2 3 1. Question : (TCO 1) What is the goal of financial management for a sole proprietorship? Student Answer: Decrease long-term debt to reduce the risk to the owner maximize net income given the resources of the firm CORRECT maximize the market value of the equity minimize the tax impact on the proprietor minimize costs and increase production Instructor