OIS 5650 (QUIZZES) QUESTIONS AND ANSWERS
SOLVED 100% CORRECT
What is commonly an important element in any improvement methodology?
Answer - communication
In today's business environment, application of lean principles is _________
Answer - a strategic weapon
What size is usually needed for a sample size to be considered credible or
statistically significant? Answer - 30
Aside from a terrorist act, or catastrophic technical problem, a commercial
plane crash is invariably errors of? Answer - teamwork and communication
A six sigma organization strives to have what percent of events fall within six
sigma? Answer - 99.9997%
What are the 5 S's in the 5s methodology? Answer - Sort
Set in order
Shine
Standardize
Sustain
,What is the most common type of data distribution? Answer - normal
distribution
Edwards Deming is best known for Answer - TQM
In the book "The Goal," Goldratt introduced the concept of _________ Answer
- TOC (theory of constraints)
In the context of this class, inventory in a production line is always a good thing
Answer - It depends
The reason (or more likely reasons) Joe Flom became widely successful was
because... Answer - He practiced his skills (M&A) in relative anonymity and
then the market changes and his services were in high demand
Chris Langan won how much money on 1 vs 100 Answer - $250,000
According to Gladwell, which of the following statements is most true
regarding intelligence? Answer - a minimum intelligence level (around 120) is
required to succeed, then other factors begin to have more weight
the Bible, without vision, people will _________ Answer - perish
Significant wealth is often determined by... Answer - -being born into the right
family
-being born in the right year(s)
-being born with sufficient IQ
, Why did Korean Airlines struggle with an excessive number of crashes? Answer
- because of cultural communication problems
Bill Joy was most greatly benefitted by... Answer - University of Michigan's
computer lab
According to Gladwell in Outliers, frequently, people with Chinese heritage are
better at math because... Answer - language
Korean Airline's crash problems are best solved using... Answer - a systematic
problem solving approach along with understanding of cultures and language
To succeed as a leader of continuous improvements effort, which skill(s) are
most critical? Answer - having a vision and appropriately setting expectations
to stake holders
What is the theory of constraints primary objective? Answer - improve
throughput (sales)
If you go look at a factory, an operation that has a constraint (Herbie) will likely
have... Answer - a pile of inventory in front of the bottleneck
Taking cans of food and other items out of Herbie's backpack is analogous to...
Answer - elevating and improving the bottleneck
According to Jonah, typical cost accounting principles... Answer - often counter
to understanding operational expenses in the Theory of Constraints
methodology
Statistical variance usually... Answer - is cumulative
SOLVED 100% CORRECT
What is commonly an important element in any improvement methodology?
Answer - communication
In today's business environment, application of lean principles is _________
Answer - a strategic weapon
What size is usually needed for a sample size to be considered credible or
statistically significant? Answer - 30
Aside from a terrorist act, or catastrophic technical problem, a commercial
plane crash is invariably errors of? Answer - teamwork and communication
A six sigma organization strives to have what percent of events fall within six
sigma? Answer - 99.9997%
What are the 5 S's in the 5s methodology? Answer - Sort
Set in order
Shine
Standardize
Sustain
,What is the most common type of data distribution? Answer - normal
distribution
Edwards Deming is best known for Answer - TQM
In the book "The Goal," Goldratt introduced the concept of _________ Answer
- TOC (theory of constraints)
In the context of this class, inventory in a production line is always a good thing
Answer - It depends
The reason (or more likely reasons) Joe Flom became widely successful was
because... Answer - He practiced his skills (M&A) in relative anonymity and
then the market changes and his services were in high demand
Chris Langan won how much money on 1 vs 100 Answer - $250,000
According to Gladwell, which of the following statements is most true
regarding intelligence? Answer - a minimum intelligence level (around 120) is
required to succeed, then other factors begin to have more weight
the Bible, without vision, people will _________ Answer - perish
Significant wealth is often determined by... Answer - -being born into the right
family
-being born in the right year(s)
-being born with sufficient IQ
, Why did Korean Airlines struggle with an excessive number of crashes? Answer
- because of cultural communication problems
Bill Joy was most greatly benefitted by... Answer - University of Michigan's
computer lab
According to Gladwell in Outliers, frequently, people with Chinese heritage are
better at math because... Answer - language
Korean Airline's crash problems are best solved using... Answer - a systematic
problem solving approach along with understanding of cultures and language
To succeed as a leader of continuous improvements effort, which skill(s) are
most critical? Answer - having a vision and appropriately setting expectations
to stake holders
What is the theory of constraints primary objective? Answer - improve
throughput (sales)
If you go look at a factory, an operation that has a constraint (Herbie) will likely
have... Answer - a pile of inventory in front of the bottleneck
Taking cans of food and other items out of Herbie's backpack is analogous to...
Answer - elevating and improving the bottleneck
According to Jonah, typical cost accounting principles... Answer - often counter
to understanding operational expenses in the Theory of Constraints
methodology
Statistical variance usually... Answer - is cumulative
