Question 1

High-quality innovators typically gain which advantages?

Accepted Answer

A)  They can fund more new design and development projects than other firms.
B)  They satisfy customers more effectively, building strong brand image and customer loyalty.
C)  They can sell at lower prices or lower the total sales needed for a new product to pay back its initial development costs.
D)  None of these.E) B) and D)
F) A) and D)

Question 2

An FMEA estimates the risk priority number (RPN)  for a given failure mode to be 36. The occurrence rating is 3 and the severity rating is 3. Thus, the undetectability rating is:

Accepted Answer

A)  3
B)  4
C)  5
D)  6E) A) and C)
F) B) and D)

Question 3

The stage of a product/process innovation in which managers determine the target values of product attributes, volume, and price is:

Accepted Answer

A)  Product and market testing.
B)  Product and process planning.
C)  Detailed design and development.
D)  Concept development.E) B) and C)
F) A) and C)

Question 4

_______________ transform product specifications and new process technology into a new or revised production system.

Accepted Answer

A)  New process design and development projects
B)  New product design and development projects
C)  Concurrent engineering projects
D)  Operations management projectsE) None of the above
F) All of the above

Question 5

Overall, it is clear that well-managed innovation projects:

Accepted Answer

A)  Apply only to manufacturing firms.
B)  Increasingly involve input from multiple functions in a company.
C)  Should always be executed sequentially.
D)  All of these.E) A) and B)
F) All of the above

Question 6

In conducting a failure modes effects analysis, the following data were developed for three modes Mode 1: Severity = 5, Occurrence = 2, and Undetectability = 7
Mode 2: Severity = 3, Occurrence = 6, and Undetectability = 5
Mode 3: Severity = 7, Occurrence = 2, and Undetectability = 4
Which has the highest risk?

Accepted Answer

A)  Mode 1
B)  Mode 2
C)  Mode 3
D)  Mode 1 and Mode 2 are equal in having highest riskE) A) and D)
F) None of the above B

Question 7

The "house of quality" is best described as:

Accepted Answer

A)  An approach in which customers use product prototypes version and provide feedback to developers.
B)  A template that guides the translation of product features into technical product specifications.
C)  Research efforts that gather detailed data describing customers' wishes, needs, likes, and dislikes regarding specific product features and functionalities.
D)  A template that guides identification and translation of customer requirements into product specifications.E) All of the above
F) A) and B)

Question 8

What is the first step in conducting value engineering/value analysis?

Accepted Answer

A)  Estimate the value of each function in a product.
B)  Identify the functional purposes of a product.
C)  Compare the importance and cost of each function.
D)  Ask suppliers to provide cost information.E) All of the above
F) None of the above

Question 9

A growing emphasis on involving supply chain partners in product/process innovation is known as:

Accepted Answer

A)  Portfolio planning
B)  Launch and learn
C)  Codevelopment
D)  Design outsourcingE) B) and C)
F) C) and D) C

Question 10

A disadvantage of "component standardization" is that it:

Accepted Answer

A)  Increases development time.
B)  Increases development cost.
C)  Increases the difficulty of inventory management.
D)  None of these are disadvantages.E) A) and D)
F) A) and C)

Question 11

Fast innovators typically gain which advantages?

Accepted Answer

A)  They produce a more continuous stream of new product introductions that create a greater and more constant market awareness of their brands.
B)  They have fewer problems in launching new products and fewer failures in the marketplace.
C)  They can sell at lower prices or lower the total sales needed for a new product to pay back its initial development costs.
D)  All of theseE) A) and B)
F) B) and C)

Question 12

A project aimed at finding new core products or processes is called a(n) :

Accepted Answer

A)  Research and advanced development project.
B)  Radical breakthrough development project.
C)  Next generation development project.
D)  Enhancement development project.E) B) and D)
F) B) and C)

Question 13

An advantage of "early supplier involvement" is that it:

Accepted Answer

A)   Generally leads to higher-quality products.
B)   Decreases time to launch new products.
C)   Avoids the financial risks of development.
D)   A and B.
E)   All of these.F) All of the above
G) C) and D)

Question 14

A project team interested in identifying and correcting potential quality problems in a product design would find which one of the following tools most useful?

Accepted Answer

A)  QFD
B)  FMEA
C)  Value analysis
D)  DFME) All of the above
F) C) and D)

Question 15

Acton Corporation has identified a way to combine several existing technologies into a new product. This is most likely to have occurred in a:

Accepted Answer

A)  Research and advanced development project.
B)  Radical breakthrough development project.
C)  Next-generation development project.
D)  Enhancement development project.E) B) and C)
F) C) and D)

Question 16

"Concurrent engineering" is best described as:

Accepted Answer

A)  The simultaneous implementation of engineering projects critical to the manufacture of new products.
B)  Assigning multiple engineers to a project to ensure the accuracy of the work.
C)  The simultaneous design and development of all the processes and information needed to manufacture a product, to sell it, to distribute it, and to service it.
D)  Engineering techniques that seek to capture leading-edge knowledge and technology in the design phase of a new product.E) None of the above
F) B) and C) C

Question 17

Which of the following statements is true regarding product/process innovation?

Accepted Answer

A)  Innovation projects are operational processes.
B)  Product and process development activities are usually closely linked.
C)  Product/process design is a part of the resource/technology supply chain.
D)  All of these statements are true.E) A) and C)
F) B) and D)

Question 18

Cross-functional integration is needed in innovation projects because:

Accepted Answer

A)  Everyone deserves to have a voice in the design of a new product.
B)  It is cheaper to solve problems uncovered early in development.
C)  Process design decisions are dependent on product design decisions.
D)  Both B and C are correct.E) B) and D)
F) None of the above

Question 19

The stage of the product life cycle in which process innovation becomes an important way to increase efficiencies is:

Accepted Answer

A)  Launch
B)  Growth
C)  Maturity
D)  DeclineE) B) and D)
F) None of the above

Question 20

Companies usually first build product prototypes in which stage of product/process innovation?

Accepted Answer

A)  Concept development
B)  Detailed design and development
C)  Market testing
D)  CommercializationE) All of the above
F) None of the above

Exam 4: Productprocess Innovation

High-quality innovators typically gain which advantages?

Correct Answer
verified

An FMEA estimates the risk priority number (RPN) for a given failure mode to be 36. The occurrence rating is 3 and the severity rating is 3. Thus, the undetectability rating is:

Correct Answer
verified

The stage of a product/process innovation in which managers determine the target values of product attributes, volume, and price is:

Correct Answer
verified

_______________ transform product specifications and new process technology into a new or revised production system.

Correct Answer
verified

Overall, it is clear that well-managed innovation projects:

Correct Answer
verified

Correct Answer
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B

The "house of quality" is best described as:

Correct Answer
verified

What is the first step in conducting value engineering/value analysis?

Correct Answer
verified

A growing emphasis on involving supply chain partners in product/process innovation is known as:

Correct Answer
verified
C

A disadvantage of "component standardization" is that it:

Correct Answer
verified

Fast innovators typically gain which advantages?

Correct Answer
verified

A project aimed at finding new core products or processes is called a(n) :

Correct Answer
verified

An advantage of "early supplier involvement" is that it:

Correct Answer
verified

A project team interested in identifying and correcting potential quality problems in a product design would find which one of the following tools most useful?

Correct Answer
verified

Acton Corporation has identified a way to combine several existing technologies into a new product. This is most likely to have occurred in a:

Correct Answer
verified

"Concurrent engineering" is best described as:

Correct Answer
verified
C

Which of the following statements is true regarding product/process innovation?

Correct Answer
verified

Cross-functional integration is needed in innovation projects because:

Correct Answer
verified

The stage of the product life cycle in which process innovation becomes an important way to increase efficiencies is:

Correct Answer
verified

Companies usually first build product prototypes in which stage of product/process innovation?

Correct Answer
verified

Exam 4: Productprocess Innovation

High-quality innovators typically gain which advantages?

Correct AnswerverifiedShow Answer

An FMEA estimates the risk priority number (RPN) for a given failure mode to be 36. The occurrence rating is 3 and the severity rating is 3. Thus, the undetectability rating is:

Correct AnswerverifiedShow Answer

The stage of a product/process innovation in which managers determine the target values of product attributes, volume, and price is:

Correct AnswerverifiedShow Answer

_______________ transform product specifications and new process technology into a new or revised production system.

Correct AnswerverifiedShow Answer

Overall, it is clear that well-managed innovation projects:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedB

The "house of quality" is best described as:

Correct AnswerverifiedShow Answer

What is the first step in conducting value engineering/value analysis?

Correct AnswerverifiedShow Answer

A growing emphasis on involving supply chain partners in product/process innovation is known as:

Correct AnswerverifiedC

A disadvantage of "component standardization" is that it:

Correct AnswerverifiedShow Answer

Fast innovators typically gain which advantages?

Correct AnswerverifiedShow Answer

A project aimed at finding new core products or processes is called a(n) :

Correct AnswerverifiedShow Answer

An advantage of "early supplier involvement" is that it:

Correct AnswerverifiedShow Answer

A project team interested in identifying and correcting potential quality problems in a product design would find which one of the following tools most useful?

Correct AnswerverifiedShow Answer

Acton Corporation has identified a way to combine several existing technologies into a new product. This is most likely to have occurred in a:

Correct AnswerverifiedShow Answer

"Concurrent engineering" is best described as:

Correct AnswerverifiedC

Which of the following statements is true regarding product/process innovation?

Correct AnswerverifiedShow Answer

Cross-functional integration is needed in innovation projects because:

Correct AnswerverifiedShow Answer

The stage of the product life cycle in which process innovation becomes an important way to increase efficiencies is:

Correct AnswerverifiedShow Answer

Companies usually first build product prototypes in which stage of product/process innovation?

Correct AnswerverifiedShow Answer

Correct Answer
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B

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C

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C

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