There's a 30% chance that it's already raining

Question 1

What is joint probablity

Answer 1

the likelihood of an event occurring, given that another event has already occurred

Question 2

What is a pull production process

Answer 2

the production schedule is determined by the actual sale of goods

Question 3

what is a push production process

Answer 3

the demand is forecasted and production is produced to that forecast.

Question 4

In a cost of quality system, liability costs would be classified where?

Answer 4

in the external failure category

Question 5

List types of preventive costs to prevent defects before the products are produced?

Answer 5

employee training
preventive maintenance
supplier education expense

Question 6

What is safety stock?

Answer 6

a buffer for variations in demand and lead-time for the delivery of material. affects the reorder point but does not enter into the quantity to be ordered

Question 7

What is an internal failure cost?

Answer 7

incurred when a product that does not conform to its design specifications is detected before shipment to customers.

Question 8

Examples of internal failures

Answer 8

Rework
Spoilage
Scrap
Breakdown maintenance

Question 9

What are conformance costs?

Answer 9

prevention and appraisal

Question 10

What are non-conformance costs?

Answer 10

internal and external failure