Question

1 In the context of FMEA, which of the following formulas is used to calculate the risk priority number?

Select one:

A. Risk priority number = severity X likelihood of occurrence

B. Risk priority number = likelihood of occurrence X inability of controls to detect

C. Risk priority number = successful projects/ total project portfolio

D. Risk priority number = severity X likelihood of occurrence X inability of controls to detect

2 The Sapphire Crystal Company wants to decentralize its innovation activities to different divisions. Each decentralized R&D lab plays a different role in firm's strategy and are coordinated centrally. The _____ strategy is best suited to achieve this goal.

Select one:

A. center-for-global

B. local-for-local

C. locally leveraged

D. globally linked

3 Which statement is not true about standardization?

Select one:

A. It can ensure that activities within the firm run smoothly and yield predictable outcomes.

B. It can be used to ensure quality levels are met.

C. It can stifle innovation.

D. It involves the use of centralization.

4 What is not the advantage of using the method of screening questions?

Select one:

A. It can assess different dimensions of the project decision.

B. It can structure the discussion about project details like potential costs and benefits.

C. It covers questions on the role of customer and capabilities, and the net present value analysis.

D. It enables a firm to consider a wider range of issues that may be important in the firm's development decisions.

5 The President of Spoonflower Inc. is trying to decide on the composition of a new product development team. If she chooses members who are from different backgrounds, she can reap the benefits of:

Select one:

A. homophily.

B. lesser cross-fertilization of ideas.

C. a wider mix of information sources.

D. social loafing.

6 In U.S., a patent must ____ to be patentable:

Select one:

A. be useful, be novel, and be obvious

B. be useful, be novel, and not be obvious

C. be useful, be cost effective, and be obvious

D. be useful, be cost effective, and not be obvious

7 TEE Inc. has a high level of formalization. The company's employees are more likely to:

Select one:

A. exhibit high levels creativity and experimentation.

B. feel empowered to implement new solutions.

C. feel there is a lack of written documentation to guide individual behavior

D. feel a rigid organization culture.

Answer 1

Dear Student, As per revised HomeworkLib guidelines we can answer only two questions. However I have answered 3 questions. If I break the rules my account will be suspended. Please understand.

1 - D

2 - A

3 - D