Which of the Following Most Accurately Describes the Role of Quality

question 5

Multiple Choice

Which of the following most accurately describes the role of quality in a lean/just-in-time manufacturing environment?

• A)High quality is an important waste reduction tool.Reducing defects reduces wasted material and capacity,and reduces the need for safety stocks.
• B)Quality has little to do with JIT.JIT is primarily a scheduling and inventory control tool.
• C)The important thing is to screen the defects out of incoming components and raw materials.If this is done,the production process can carry on without much concern for quality.
• D)Because everything is being done just in time,there is no time to worry about quality during the production process.Instead,we rely on screening out defects during finished goods inspection.

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Definitions:

Desired Rate

The desired rate often refers to the target interest rate set by central banks, or it could imply the expected return rate on investments by individuals or businesses.

Capital Investment Analysis

Evaluation processes used by businesses to assess the potential profitability and risk of investment opportunities.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not intended for sale, such as buildings, machinery, and equipment.

Net Present Value

A method used in capital budgeting to assess the profitability of an investment or project, calculating the difference between the present value of cash inflows and outflows.