Upon recognizing an uncertainty of the value streams that generate customer value, a company＇s first step should be to

In 1987, an international set of quality standards was developed to help companies effectively document the quality systems elements to maintain an efficient quality system. This set of standards is known as:

A common measure of product durability is the:

When purchasing a product, a buyer demands that certain characteristics be present in an acceptable combination in order to consider a product in the running for purchase. These features and values are called:

There are many obstacles to implementing JIT in a manufacturing environment. Which of the following obstacles would be considered most difficult to overcome?

Traditional measurements of manufacturing are not as useful in the flow manufacturing environment. Which of the following would be good measures to use?
I. Machine utilization
II. Defect rates
III. Setup times

Which of the following can be considered factors in the success of an SGIA?
I. Management support and commitment
II. Clear goals always established by management
III. Educating and training all personnel
IV. Recognizing and rewarding the group

The time required between the completion of each successive end product is called:

Under full absorption costing, indirect costs would be handled by which of the following methods?

Which of the following are true regarding variable costing?
I. Fixed factory overhead is not assigned to the product
II. It is acceptable for external financial reporting
III. It is beneficial for internal analysis

Based on the following information, what is the lost time factor?
Planned hours     10
Standard hours earned      8
Actual hours worked     10