Some managers believe machine performance is more important in a JIT environment than in a non-JIT environ-ment. Do you agree or disagree? Explain your answer.

Q: 1- What are the four cost categories of a costs of quality program? 2- What are relevant revenues…

A: Cost of quality program's costs can be divided into two main groups and four sub-groups. Main two…

Q: Why there is an unmistakable trend in manufacturing to improve quality?

A:

Q: Which of the following is a limitation of activity-based costing? More cost pools Poorer management…

A: Introduction: ABC costing also called as Activity based costing. According to the consumption cost…

Q: Managers often assume a strictly linear relationship between cost and the level of activity.How can…

A: The managers often assume the strictly linear relationship between the cost and the level of…

Q: You need to briefly describe the “Margin of Safety”. Do companies typically want to maximize or…

A: The margin of Safety - MOS is the difference between actual sales and break-even sales. The margin…

Q: part of a process happen without negatively impacting another part? What are some reasons for erring…

A: Lean methodology eliminates waste to the core in a process and ensures that reduction in delays…

Q: A good structure diagram should be loosely coupled yet strongly cohesive. How can you achieve both…

A: Entity-Relationship Diagram: A diagram which represents the entity relationship available in the…

Q: “Managers will always choose the alternative that maximizes operating income or minimizes costs in…

A: Operating income: Income that is derived from business revenues after deducting operating expenses…

Q: It is ridiculous to suggest that process costing may also be suited to service firms, as services…

A: Process Costing:   It is a method of cost accounting where manufacturing costs are collected and…

Q: Write an essay outlining the key principles of lean manufacturing.

A: Lean Manufacturing:   Lean manufacturing can be defined as a systematic way to minimize waste in a…

Q: Why does the high cost of the system negatively impact the organization's bottom line?

A: The question is based on the concept of bottom line of a company and its relationship with high cost

Q: Describe how a Project Manager can draw in a crucial but less supportive stakeholder?

A: Project management is the process in which the efforts of a team or a group of people are directed…

Q: Process value analysis is the examination, quantification, and explanation of the effects of cost…

A: Process Value Analysis: Process value analysis involves a critical analysis of all the processes…

Q: User acceptance testing is more important in an object-oriented development process than in a…

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Q: Which is a disadvantage of an enterprise resource planning (ERP) system? Helps companies adjust to…

A: Enterprise resource planning: It is a process that integrates different areas of the organization…

Q: Which of the following is not a characteristic of a lean accounting system? Multiple Cholce Costs in…

A: lean accounting is the collection of principal and the process that provides the numerical feedback…

Q: The theory of constraints suggests that the improvement efforts should usually be focused on: a.…

A: Lets start with understanding of meaning theory of constraint. Theory of constraint find out the…

Q: Which of the following is not a characteristic of a good performance measurement system? Group of…

A: There are many measures used by an organization to measure the performance of its employees. The…

Q: Which is not true in lean manufacturing? a) Process flexibility results in market responsiveness b)…

A: Lean manufacturing is a system that enhances customer value and always strives towards improvement…

Q: Do you think transaction processing systems differ significantly between service and manufacturing…

A:

Q: In your opinion, where should companies spend most of their quality funds: on prevention,…

A: Firstly we need to understand following Costs: Prevention costs: These are incurred in preventing…

Q: Which of these efforts or actions (i.e., changing values) requires managing quality, i.e., decrease…

A: Product production comprises all operations associated to the creation of a deliverable product,…

Q: Which of the following statements is true with respect to the performance metrics useful for…

A: In production process, the ratio of direct labor should be more than the indirect labor. An ideal…

Q: Compare and contrast the structured design approach and the object-oriented approach. Which do you…

A: Given question is about the difference between the structured design approach and the object…

Q: ERP systems use the best-practices approach in designing their applications, yet goodness of fit is…

A: ERP:   Enterprise Resource Planning is management software that helps in integrating all the…

Q: Discuss how an emphasis on financial performance of cost centers, as measured by traditional cost…

A: Cost Accounting System:   Cost accounting system can be defined as a framework designed by the…

Q: Managers should pay little attention to bottleneck operations since they have limited capacity for…

A: In case of company manager play an important role in order to run the company and perform their…

Q: Customer Response Time includes Manufacturing Cycle Time. Manufacturing Time or Process Time is…

A: Customer Response Time=Manufacturing cycle time+Receipt time+Delivery time

Q: A company with an advanced manufacturing environment typically will have a higher break-even point,…

A: Advanced manufacturing environment: It can be defined as a situation where a strong competition…

Q: Explain why traditional cost allocation methods fail in a computer-integrated manufacturing…

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Q: What issues are accountants concerned with when determining their preference for CASE tools that…

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Q: “There is no tradeoff between customer-response time and on-time performance.” Do you agree?…

A:

Q: Identify the factor that affects the faithful representation. a. Efficiency of computer systems b.…

A: Level of incomplete is a factor that affects the faithful representation.... Option D level of…

Q: Production managers are not concerned about the capacity because capacity creation does not require…

A: Production managers are those who are mainly involved in the production planning.

Q: Explain how IT outsourcing can lead to loss of strategic advantage.

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Q: Identify the following as applying more to lean (L) or to traditional (T) businesses. Quality…

A: Lean business model: This model is used by business with lower cost and high quality grows rapidly.

Q: Discuss how rushing the system’s requirements stage may delay or even result in the failure of a…

A:

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.