External failure costs include warranty, complaint, and lawsuit fees.
After delivery, product or service problems incur external failure costs. Poor quality or performance causes customer unhappiness and legal action, resulting in these costs.
External failure costs involve fixing outside issues that affect consumer satisfaction.
Project duration is estimated from project network activity earliest starting (ES) and latest finishing (EF) periods.
Critical route analysis uses these periods to identify the critical path and estimate project completion time.
It's true.
Lead time is order-to-delivery.
Lead time is the time it takes to place, process, manufacture (if necessary), and deliver an order.
It covers the complete order-to-delivery process.
In electronic commerce, consumers supply firms with goods, services, knowledge, or input. Internet and digital platforms allow customers to actively participate in the marketplace as producers or contributors.
Standards-based production systems have all the possibilities listed.
Following standards and protocols, these systems achieve efficiency, uniformity, and quality.
Explaining each trait:
Yes you are correct, Monitor the number of defects
Time-based business principles accelerate important operations and processes to improve productivity, minimize lead times, and increase customer satisfaction.
The question's options reduce time and follow time-based management.
Reasons follow "Due to." All of choices b, c, d, and e can make project management difficult.
Thus, option a—"All of the above"—is correct.
It's true.
Value added is the difference between input costs and product pricing.
A firm adds value to its products and services during production and processing.
The difference between inputs (raw materials, labor, and other costs) and outputs is it.
Control chart limits in statistical process control (SPC) are usually calculated using process data.
Control limits are calculated using process variability. Control charts monitor the process and detect outliers.
It's true.
Division of labor divides a complex industrial process into smaller, specialized jobs and assigns them to separate workers.
This strategy boosts workforce efficiency, production, and specialization.
It's true.
Business and operations management processes turn inputs into outputs.
This transformation converts inputs—raw materials, resources, or information—into outputs—products, services, or desired results (outputs).
"In business" usually refers to commercial and economic activity.
Organizations and people manufacture, sell, exchange,
Marketing, operations, and finance help a firm succeed and develop.
A simple linear product supply chain delivers products from suppliers' suppliers to direct suppliers, then to the producer, distributor, and end client.
This supply chain is clear, with each organization contributing to product manufacturing, distribution, and delivery until it reaches the buyer.
Mission drives organizations.
An organization's mission is its raison d'être and ultimate goal.
The mission statement describes the organization's goals, stakeholders, and community impact.
