Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

1  What is the important starting point in developing a capacity plan?

  • Predicting the ability of suppliers to meet needs
  • Determining the effective capacity of a resource over some period of time.
  • Understanding key components of the supply chain
  • Predicting the needs of customers

2   Which of the following is an input file necessary to run an MRP program?

  • Bill of materials (BOM) file
  • Planned-order schedules
  • Exception reports
  • Quality management report

3   Which is the most challenging kind of supply chain to manage according to Hau Lee? 

  • Erratic
  • Risk-hedging
  • Efficient
  • Agile

4   Which of the following is one of the categories of manufacturing inventory? 

  • Economic Order Inventory
  • Work-in-process
  • Quality units
  • JIT Inventory

5   Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast? 

  • Simple moving average
  • Time series analysis
  • Delphi method
  • Weighted moving average

6   Which of the following is an input to the master production schedule? 

  • Prototype products from product development
  • Peg reports from factory records
  • Forecasts of customer demand
  • Aggregate component schedule

7   Which of the following is a perpetual system for inventory management?

  • Fixed-time period
  • Fixed-order quantity
  • P model
  • First-in-first-out

8   The main purpose of aggregate operations planning is to specify the optimal combination of which of the following? 

  • Workforce levels and inventory on hand
  • Inventory on hand and financing costs for that inventory
  • The strategic plan and the products available for sale
  • The workforce level and the degree of automation

9   In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand? 

  • Cyclical elements
  • Past demand
  • Inconsistent demand
  • Future demand

10   What is another name for the fixed-order quantity inventory model? 

  • Cycle counting model
  • The ABC model
  • Economic order quantity model
  • Periodic replenishment model

11   Which of the following is an input to the master production schedule (MPS)? 

  • Exception report
  • The aggregate plan
  • Bill of materials
  • Inventory records file

12   What is the effect of the lack of synchronization among supply-chain members?

  • Continuous replenishment
  • Forward buying
  • Bullwhip effect
  • Metcalf's Law

13   In business forecasting, what is usually considered a short-term time period? 

  • Less than three months
  • More than three months
  • Four weeks or less
  • Six months or more

14   Which of the following is an essential resource that flows through a hospital supply chain? 

  • Patients
  • Medicine
  • Doctors and Nurses
  • Information

15   When considering outsourcing, what should firms tend to avert? 

  • Giving the outsourcing partner opportunities to become a strong competitor
  • Losing control of non-core activities
  • Allowing outsourcing to develop into a substitute for innovation
  • Allowing employees transferred to the outsourcing partner to rejoin the firm

16   In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm? 

  • Raw material availability and competitor's behavior
  • Subcontractor capacity and inventory levels
  • Current physical capacity of the organization
  • Internal inventory levels and market demand

17   Which of the following is an input file necessary to run an MRP system?

  • Planned order schedule
  • Exception report
  • Inventory records file
  • Computer-aided-design files

18   Which of the following is one of the main purposes of a MRP system? 

  • Determine the materials needed
  • Educate personnel in basic work rules.
  • Stimulate the work force
  • Decrease labor requirements

19   The text mentions several common approaches to use when developing a strategy to close a capacity gap (where utilization of a resource exceeds capacity available). Which of the following is among the common approaches mentioned? 

  • Closing a related department
  • New construction
  • Hire more employees
  • Transferring capacity from other units

20   Which of the following is considered a pure production planning strategy? 

  • Variable workforce, stable work hours
  • Stable workforce, variable work hours
  • Level playing field
  • Lag demand

21   Which of the following is most closely related to the reason a firm might implement MRP? 

  • To assure appropriate quality levels
  • So they can order the right parts
  • So they can insure that parts to arrive D. To assure appropriate quality levels
  • So they can order parts sufficient for immediate use

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91601470
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

What does the gross domestic product gdp omit besides used

What does the Gross Domestic Product (GDP) omit besides used goods and intermediate goods?

List some possible advantges and disadvantges to the

List some possible advantges and disadvantges to the strategy of locating a company such as turning technolgies outside high tech

Are the strategies and measures of success in the

Are the strategies and measures of success in the implementation documents relevant to the objectives in the policy (DET Diversity Policy?

1 which of the following would not increase structural

1) Which of the following would not increase structural unemployment? a) The govt. raises minimum wage b) more workers enter into labor unions c) a firm pays its workers efficiency wages d) the economy experiences more s ...

Ux y 2x ywhere x is consumption of hamburgers and y is

U(x, y) = 2x + y Where x is consumption of hamburgers and y is consumption of hot dogs. c) Plot the indifference curves for: U¯ = {2, 4, 8} d) What is the equation for the indifference curve with y on the LHS and x on th ...

What is a concrete example that demonstrates the

What is a concrete example that demonstrates the relationship between objectives and goals?

Quantitative analysis for managerswhat does it mean to be

Quantitative Analysis for Managers What does it mean to be risk averse or risk neutral? How important is it to evaluate risk and to evaluate how sensitive to risk any business, personal, or academic decision you have mad ...

When should you do a business plan when might it not be

When should you do a business plan? When might it not be necessary or even advisable to do plan? Describe the major sections to be included in the business plan.

Leadership theories can differ from one department to

Leadership theories can differ from one department to another, as well as from one specific team to another. How might this directly affect the staff within the department or team?

What resources are you most likely to use for research in a

What resources are you most likely to use for research in a workplace? Discuss secondary resources, and primary resources including observation and surveys. What is a credible resource?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As