Question 1

Under which step of the SWOT analysis would we look into competitors' general cost of goods sold and market share?
A) List company weaknesses
B) Do research
C) List opportunities
D) Develop a strategy and execute it

Accepted Answer

Researching competitors' general cost of goods sold and market share is part of the research phase in SWOT analysis, where you gather information about the external environment, including competitors.

Question 2

How does damage of a robot compare to damage of human workers?

Accepted Answer

If we damage the robot,we can get it replacement parts.But if a human gets injured,he or she requires medical care.A robot does not feel pain; it only knows what its sensors tell it,and even then the information is purely data.If a person gets injured,there is pain and suffering involved not to mention the possibility of scaring,surgery,rehabilitation,and permanent loss of mobility or function.

Question 3

How do we figure ROI?

Accepted Answer

We calculate this by taking the operating cost of the equipment and subtracting it from the amount of money it saves.Once we know the amount of profit or money made using the machine,we divide the total cost of the equipment by this number to determine how long it takes to pay for itself.If we figure it on a part-by-part basis,we would determine how many parts it needs to make to pay for itself and then turn that into a time scale using some correlation between parts produced and the time needed to produce them.If we are working on a cost savings versus human labor then we simply figure out the per-hour savings and use that to get the total hours needed to pay for the robot.Once we have that figure we simply divide be the number of hours it runs per year or week to figure out the time for payback.

Question 4

For industrial systems,the desired amount of time for the robot to pay for itself is in ______.
A) two years or less
B) 36 months or less
C) five years or less
D) six months or less

Accepted Answer

The desired payback period for industrial robots is typically two years or less, as businesses aim for quick returns on their investments in automation technology.

Question 5

Which of the following is not a savings in precision or quality when working with a robot?
A) Higher levels of customer satisfaction
B) The ability to replace worn-out motors
C) Tighter tolerances on parts produced
D) Reduction in scrapped parts

Accepted Answer

Replacing worn-out motors is a maintenance activity, not a savings in precision or quality.

Question 6

Under which step of the SWOT analysis would we look at a facility's location or the skill level of the employees?
A) Determine the focus
B) List threats
C) Establish priorities
D) List company strengths

Accepted Answer

The facility's location and the skill level of the employees are considered internal factors that can provide advantages to a company, thus they are typically examined under the strengths section of a SWOT analysis.

Question 7

What are the eight steps of a SWOT analysis?

Accepted Answer

The answer of What are the eight steps of a...

Question 8

Under which step of the SWOT analysis would we look at strengths and opportunities that are compatible with the goal(s) while also looking at threats and weaknesses that stand in the way?
A) Develop a strategy and execute it
B) List opportunities
C) Do research
D) List company weaknesses

Accepted Answer

Developing a strategy and executing it involves analyzing how strengths and opportunities can be leveraged to achieve goals, while also considering how to address or mitigate threats and weaknesses that may hinder progress.

Question 9

What are the costs associated with worker's injury on the job?

Accepted Answer

The answer of What are the costs associated with worker's...

Question 10

Under which step of the SWOT analysis would we look at challenges that stand in the way of success?
A) Determine the focus
B) List company strengths
C) List threats
D) Establish priorities

Accepted Answer

Threats in a SWOT analysis represent external challenges that could impede success, including competition, market conditions, and regulatory issues.

Question 11

How does robot-operating cost compare to human labor cost?

Accepted Answer

The answer of How does robot-operating cost compare to human...

Question 12

What are some of the places robots can go that humans cannot?

Accepted Answer

The answer of What are some of the places robots...

Question 13

Under which step of the SWOT analysis would we look into new products or changes in social patterns?
A) List opportunities
B) List company weaknesses
C) Do research
D) Develop a strategy and execute it

Accepted Answer

Listing opportunities in a SWOT analysis involves identifying external factors that could benefit the company, such as new products or changes in social patterns.

Question 14

When it comes to hazardous environments,which of the following is a benefit of using robotic systems?
A) When the job is done,we can dispose of the robot with the rest of the hazardous waste.
B) No need for PPE.
C) Robots can work in environments that would kill humans.
D) All of these are correct.

Accepted Answer

The answer of When it comes to hazardous environments,which of...

Question 15

Which of the following is not a consideration when discussing robot versus human labor?
A) Robots require a support staff.
B) Humans are better than robots at certain tasks.
C) If a business is not profitable,it will shut down.
D) Robots are more entertaining to watch than people.

Accepted Answer

The consideration of whether robots are more entertaining to watch than people does not directly relate to the discussion of robot versus human labor in terms of productivity, efficiency, or economic factors.

Question 16

Which of the following is not what one of the SWOT initials stands for?
A) Strengths
B) Work
C) Opportunities
D) Threats

Accepted Answer

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. "Work" is not represented in the SWOT analysis acronym.

Quiz 12: Justifying the Use of a Robot

Under which step of the SWOT analysis would we look into competitors' general cost of goods sold and market share?

How does damage of a robot compare to damage of human workers?

How do we figure ROI?

For industrial systems,the desired amount of time for the robot to pay for itself is in ______.

Which of the following is not a savings in precision or quality when working with a robot?

Under which step of the SWOT analysis would we look at a facility's location or the skill level of the employees?

What are the eight steps of a SWOT analysis?

Under which step of the SWOT analysis would we look at strengths and opportunities that are compatible with the goal(s) while also looking at threats and weaknesses that stand in the way?

What are the costs associated with worker's injury on the job?

Under which step of the SWOT analysis would we look at challenges that stand in the way of success?

How does robot-operating cost compare to human labor cost?

What are some of the places robots can go that humans cannot?

Under which step of the SWOT analysis would we look into new products or changes in social patterns?

When it comes to hazardous environments,which of the following is a benefit of using robotic systems?

Which of the following is not a consideration when discussing robot versus human labor?

Which of the following is not what one of the SWOT initials stands for?