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Exam 23: Theory of Constraints

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Question 21

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Which of the following is a "focusing step" of Dr.Eli Goldratt's theory of constraints?

A) Reduce system constraints.
B) Reinforce system constraints.
C) Support system constraints.
D) If you have no system constraints, make some.
E) Identify system constraints.

F) None of the above
G) B) and C)

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Question 22

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The "dollar days" inventory measurement can be used in purchasing to discourage large work-in-process and producing earlier than is needed.

A) True
B) False

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Question 23

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An MRP system can allow for product rejects by building a larger batch than is demanded, but a JIT system cannot tolerate poor quality.

According to the theory of constraints, throughput is the rate at which money is generated by the system through sales.

A synchronous manufacturing system does not have excess capacity throughout the system, except for the bottleneck.

From an operations standpoint, one of the goals of the firm under the theory of constraints is to increase throughput while simultaneously reducing inventory and reducing operating expense.

What are the three measurements in TOC that give guidance to the firm's operations? (1) ______________________________.(2) ______________________________.(3) ______________________________.

Departments within a firm often are at odds with each other because reward systems are often not synchronized with the basic goal of the firm: to make money.

Statistical fluctuation refers to the normal variation about a mean or average.

On an assembly line, a transfer batch can be one unit.

According to the theory of constraints, a non-bottleneck is any resource where capacity is less than the demand placed on it.

What is the term that refers to the normal variation about a mean or average?

According to the theory of constraints, the term "productivity" is defined as all those actions that bring a company closer to its goals.

Buffer inventory in front of a bottleneck is called a time buffer.

The effects of statistical variations in processing times in a dependent sequence will eventually cancel themselves out due to the law of averages.

In a process sequence where a product flows from process A to process B, process B is called the contingent process.

Describe how cost accounting is sometimes antithetical to TOC?

Transfer batch is another term for process batch.

Which of the following is a negative aspect of JIT compared to synchronous manufacturing?

According to the theory of constraints, which of the following can be a CCR?