Journal Assignment Business & Finance homework help

Journal Assignment Business & Finance homework help

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Each of your answers should be written using your own words. Do not copy and paste from your textbook or an Internet source. Ensure you cite your work and add reference(s) at the end of your journal. These should be the sources you are citing in your work. You should not need to do research from additional resources unless the question specifically asks you to do so; 

  

1.Why is it necessary to document product explicitly?

2.What are three specific ways in which computer aided design (CAD) benefits the design engineer?

3.Explain how improving quality can lead to reduced costs?

4.What are seven tools of TQM?

5.How can a university control the quality of its output (that is, its graduates)?

6.What is process strategy?

7.If a plant was designed to produce 7,000 hammers per day but is limited to making 6,000 hammers per day because of the time needed to change equipment between styles of hammers, what is the utilization?

8.A production process at Kenneth Day Manufacturing is shown in Figure S7.9. The drilling operation occurs separately from, and simultaneously with, the sawing and sanding operations. A product needs to go through only one of the three assembly operations (the operations are in parallel). Which operation is the bottleneck?

9.List and discuss the techniques used by service organizations to select locations.

10.In Cambodia, 6 laborers, each making the equivalent of $3 per day, can produce 40 units per day. In China, 10 laborers, each making the equivalent of $2 per day, can produce 45 units. In Billings, Montana, two laborers, each making $60 per day, can make 100 units. Based on labor costs only, which location would be most economical to produce the item?

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