Take this quiz after completing all lessons in the “Improving Cost” section of the course. There are 17 questions in this quiz.
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Question 1 of 17
1. Question
What is the only truly good long-term strategy for handling rising costs?
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Question 2 of 17
2. Question
Which of these strategies are effective cost-reducing strategies?
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Question 3 of 17
3. Question
Improving quality should always be a priority, but only when it can be accomplished cheaply.
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Question 4 of 17
4. Question
The cost of poor quality can be as high as:
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Question 5 of 17
5. Question
How is a productivity improvement realized?
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Question 6 of 17
6. Question
The outcome of productivity improvement should result in reducing headcount and letting go of people.
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Question 7 of 17
7. Question
Having lots of inventory gives everyone peace of mind (including management) because it doesn’t have to be monitored and managed so much.
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Question 8 of 17
8. Question
The more inventory you have, the more opportunity there is for it to be damaged, spoiled, or lost.
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Question 9 of 17
9. Question
What does reducing inventory accomplish?
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Question 10 of 17
10. Question
What happens when reducing the length/size of a production line?
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Question 11 of 17
11. Question
A well-designed and small production line can easily scale labor up or down as needed to meet customer demand.
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Question 12 of 17
12. Question
If you have four machines that are inoperable 25% of the time due to downtime, how much of your machine capacity is effectively wasted by downtime?
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Question 13 of 17
13. Question
Inefficiency and increased cost naturally occurs whenever a machine goes down and the production schedule is changed.
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Question 14 of 17
14. Question
The bigger a work area is…
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Question 15 of 17
15. Question
Sorting (from 5S) is a very effective first step to take when seeking to reduce the overall space consumption of an area.
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Question 16 of 17
16. Question
Long lead times have more quality problems.
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Question 17 of 17
17. Question
A shorter lead time often results in space savings because of how it eliminates waste and keeps inventories small.
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