Management Notes

Reference Notes for Management

“Making it right the first time” is: 

"Making it right the first time" is: 

“Making it right the first time” is: 

 Options:

A. an unrealistic definition of quality.
B. a user-based definition of quality.
C. a manufacturing-based definition of quality.
D. a product-based definition of quality.
E. the definition of quality proposed by the American Society for Quality.

The Correct Answer Is:

C. a manufacturing-based definition of quality.

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If demand is not uniform and constant, then stockout risks can be controlled by: 

If demand is not uniform and constant, then stockout risks can be controlled by: 

If demand is not uniform and constant, then stockout risks can be controlled by: 

 Options:

A. increasing the EOQ.
B. spreading annual demand over more frequent, but smaller, orders.
C. raising the selling price to reduce demand.
D. adding safety stock.
E. reducing the reorder point.

The Correct Answer Is:

D. adding safety stock.

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