1. You can cut the cycle time of a process by doing all of the following EXCEPT:
a. Add resources
b. Shorten task time
c. Modify the existing process
d. Reduce customer demand for goods and services
2. Activity utilization is calculated using which of the folllowing equations?
a. Time required / Time available
b. Direct labor hours / Total labor hours
c. Capacity required / Capacity available
d. (Total machine hours – Hours of machine down time) / Total hours
3. Another name for capacity is:
a. flow time
b. lead time
c. throughput time
d. throughput rate
4. Equipment spare parts and supplies are examples of which of the following types of inventories?
a. Raw materials inventories
b. Work-in-process inventories
c. Finished goods inventories
d. Maintenance, repair, and operating inventories