1) What was the trigger for Fourth industrial revolution?
solution) a) digital revolution
2) What were the major drivers for Fourth industrial revolution?
solution) a) digitization
3) What does a tipping point refer to in terms of industrial revolution?
solution)a) radical changes that are required in near future.
4) Which of the following is an element of globalization?
solution) d) all of the above ( i.e supply chain management, emerging market and business model)
5) Advancement in technology facilitates manufacturing with high quality products.
solution) b) True
6)Which government agency is responsible for environmental regulations?
solution) a) environmental protection agencies
7) What is the expected duration of a recession?
solution) a) few months to not more than few years
8) Finishing good inventories through eliminating wastes from processes is the property of which type of good production system?
solution) b) Lean production system
9) How many types of wastes are defined in the Lean production system?
solution) c) 7
10) What are the impacts of Lean production system?
solution) d) all of the above (i.e lower cost, shortest lead time and provides best quality)
11) Smart and connected products can be achieved through ________________.
solution) d) All of the above ( i.e embedded systems , cloud computing and internet of things)
12) Which of the following is one of the key attributes of a smart business model?
solution) a) value proposition
13) What is meant by agility in smart factory?
solution) c) both a and b ( i.e. self-configuration and flexibility)
14) What is the use of smart grid in smart factories?
solution) a) load balancing
15) Which technology can be used to operate instruments remotely in smart factories?
solutions) a) Augmented reality
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