Manufacturing
what is lean manufacturing
The production of goods using less of everything compared to mass production.
what is Just-in-time inventory control
parts and materials are delivered to the facility right before they are used. Materials then don't have to be stored in the warehouses
What is the annual report
yearly statement of the financial condition, progress, and expectations of the firms.
Where is cash found on the balance sheet
In the asset section
what is oregon's rank in football
10
what is continuous process manufacturing
long production runs turn out finished goods over time
name the 4 main types of facility layouts
Assembly line
Modular
Fixed-position
Process
what is the accounting equation
Assets = liabilities + equity
Is inventory grouped with Plant, property, and equipment
no, inventory is under the current asset section, PPE is under fixed assets
where was the ice cream company Ben and Jerrys founded
vermont
How are process manufacturing and assembly processes different
process manufacturing chemically or physically changes the good. Assembly puts the different parts together to make a good
what are the main things managers look at when picking a faculty location
labor costs and land costs are the two main factors. Then they will look at things like taxes, quality of transportation, and quality of life in the area
Which section is accumulated depreciation found on the balance sheet
the asset section
What is the contribution margin
Sales/revenues - total variable costs(also what is considered a variable cost)
what is the most streamed song on spotify
shape of you
what is needed to create mass customization
flexible production. In mass customization, you need to create tons of unique products.
In a pert chart, what is the critical path
it's the path that will take the longest to finish. Managers focus on making sure that path gets complete because if it gets delayed, the entire project will get delayed.
What does a balance sheet cover for a company.
Assets, liabilities, and owners equity.
liquidity is how quickly we can turn something into cash.
1 = cash
2 = accounts receivable
3 = inventory
What is the 5th largest country by total area
brazil
what is computer-integrated manufacturing? also, what is a pro and con
it's when CAM and CAD are united. One pro can be it makes your manufacturing very effienct. One con is it's super expensive
what is six sigma quality, and what is the "formula" for it.
six sigma quality reflects how well a company's quality control is. To meet the six sigma quality you are only allowed 3.4 defects per million opportunities.
what is on an income statement
it goes over your revenue and expenses (things like, fixed costs, cost of goods sold, and sales)
How do we calculate net profit (or net loss)
we take the net margin and then subtract the other cost section
what is the derivative of the function f(x) = 3x^5 + 2x^3 + 7x
15x^4 + 6x^2 + 7