Management principles

How would company founders and managers treat each statement below? Would they consider them true or false? Tick the selected answer.

  1. Increasing our efficiency means that we must achieve a better result bearing less
    financial expenses.
    □ TRUE □ FALSE
  2. We should not allow for the downtime in relation to equipment or people in order to
    do the job quickly.
    □ TRUE □ FALSE
  3. To reduce the time of product (service) production, everyone should work harder in
    their position to do the job faster.
    □ TRUE □ FALSE
  4. We need to put great emphasis on timely completion of work by each of our
    specialists and suppliers.
    □ TRUE □ FALSE
  5. Creating a long-term planning system for material and technical needs will
    significantly reduce the lead time.
    □ TRUE □ FALSE
  6. Since we can order some components in large quantities, we should search for
    suppliers that offer discounts for large orders.
    □ TRUE □ FALSE
  7. We need to encourage customers to buy products in large quantities, setting discounts
    for large batches.
    □ TRUE □ FALSE
  8. You can reduce the lead time by dividing all the work into separate functions (a
    single-function specialist does his job faster than a “multi-tasking” employee).
    □ TRUE □ FALSE
  9. The reason for reducing the lead time is that we can charge our customers extra
    money for urgent work.
    □ TRUE □ FALSE
  10. The main obstacle to introduction of new management methods (including QRM) is
    the need for significant investments in technology.
    □ TRUE □ FALSE
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