Which of the following factors is most important when partnering with a supplier?

Traditional cost systems focus on capturing direct material and direct labor costs while summarizing all other costs as a percentage of the direct labor hours. While this method of accounting conforms to GAAP (generally accepted accounting principles) accounting standards, it does not provide the necessary information for managers to effectively run their operations. Which of the following is one of the reasons traditional accounting is not useful to measure operations?

Some companies have been using a measure of profitability for their business which takes after tax profit minus the total cost of capital. The total cost of capital includes equipment, real estate, computers and other equipment which should improve productivity plus working capital such as cash , inventories and receivables. This calculation and profitability measure is known as:

Comparing the relative effectiveness of two or more businesses in performing a process by comparing the cost to perform and the level of success in execution is called:

A project justification has two objectives. One is to validate the need for the acquisition of the new technology. The second is to

Using a PERT network to manage projects generally involves a high degree of time uncertainty. To further clarify this uncertainty, the PERT team looked at time as a random variable to which statistics could be applied. Which of the following is not a time estimate to be used in solving the statistical probability of time during a project?

All of the following are functions of supply chain management EXCEPT:

Reducing which of the following is an element of the JIT approach?

According to the volume-variety matrix, companies which have low variety and high volume are best suited to which of the following manufacturing environments?

What is the most critical factor if a company is going to achieve manufacturing excellence?

When a flexible manufacturing system is implemented, workers＇ skill levels can be reduced. The perceived advantages of doing this are:
I. Less expense for low skill workers
II. Workers will feel responsible for ensuring the system functions well
III. The work force will shrink causing the union to lose power