Solution Library

Features Of Lean Product Development And Reasons For Failure To Adopt Activity Based Costing System

Question

1. Which of the following are important features of ‘lean product development’ as practised in the ‘Toyota Production System’?

I. Reduce reliance on people and cut costs through automation

II. Standardize design, processes and people skills

III. Make problems visible by reducing inventories and stopping production when defects are identified.

IV. A primary focus on shareholder value

A. I and IV only
B. II and III only
C. I, II and III only
D. II, III and IV only


2. Which of the following options are considered to be the main reasons for the failure of many companies to adopt activity-based costing systems?

I. Behavioral and organizational resistance to new systems that may have identified embarrassing information about a particular cost object.

II. The expense of creating the system and the complexity of maintaining it and keeping it accurate were higher than the benefits of a more accurate costing system.

III. Costing was still not accurate as constant estimates were still required to determine both cost drivers and consumption of resources for cost assignment.

IV. Increased automation of production and computerized administration limited the need for detailed investigation of cost structures.

A. I and II only
B. II and IV only
C. I, II and III only
D. I, III and IV only

Summary

These multiple choice questions belong to Operations Management and the 1st question discusses about the important features of lean product development and 2nd question is about the main reasons for failure of many companies to adopt activity-based costing systems.

Total Word Count NA

Download Full Solution

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.