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Question: 1

Effective inventory management should lead to which of the following?

A. Higher inventory turns
B. Higher product quality
C. Lower cost of capital
D. Elimination of inventory cycle counting

Answer: A

Question: 2

Which of the following variables best represents a strategic performance measure?

A. Revenue growth
B. Machine utilization
C. Work center capacity
D. Cycle time

Answer: A

Question: 3

The question below is based on the following illustration of product parts:

Which of the following items are components?

A. Y and Z only
B. 1 Wholesale Jamaal Williams Jersey , 2, and 3 only
C. Y, Z, 1 Wholesale Kevin King Jersey , 2, and 3 only
D. X, Y, Z Wholesale Ha Ha Clinton-Dix Jersey , 1, 2, and 3

Answer: C

Question: 4

Which of the following factors would reduce inventory carrying costs?

A. Ordering less inventory
B. Higher costs of working capital
C. Reducing ordering costs
D. Reducing transportation costs

Answer: A

Question: 5

Which of the following systems typically involves design while manufacturing is occurring?

A. Flow
B. Intermittent
C. Project
D. Engineer

Answer: C

Question: 6

Which of the following phrases best defines a production plan?

A. The plan for the production and purchase of the components used in making the items in the
Master production schedule
B. The broad direction of the firm, the kind of business-product lines Wholesale Randall Cobb Jersey , and markets the firm wants in
The future
C. The quantities of each product group that must be produced in each period, desired inventory
levels, resources required in each period, and the availability of resources needed
D. The flow of work through the factory through inputoutput analysis

Answer: C

Question: 7

Which of the following differences must be taken into consideration when dealing with a global
Distribution system?

A. Culture
B. Cost
C. Carriers
D. Computer systems

Answer: A

Question: 8

Which of the following considerations should be included in product design?

A. Manufacturing strategy
B. Product pricing
C. Environmental sensitivity
D. Target markets

Answer: C

Question: 9

Which of the following outcomes is a benefit of using a purchase requisition?

A. Purchase pricing being correct
B. Improved accuracy of information
C. Assurance that delivery dates are met
D. Terms and conditions being followed

Answer: B

Question: 10

Which of the following documents or records typically is required by accounting Wholesale Mike Daniels Jersey , receiving,
purchasing, and the supplier?

A. Bill of lading
B. Purchase requisition
C. Receiving report
D. Purchase order

Answer: D

Question: 11

Which of the following plans generally includes an organization's explicit mission, goals Wholesale Clay Matthews Jersey , and objectives,
along with the specific actions needed to achieve those goals and objectives?

A. Marketing
B. Business
C. Strategic
D. Financial

Answer: C

Question: 12

Which of the following smoothing constants places the most weight on the old forecast?

A. 0.4
B. 0.3
C. 0.2
D. 0.1

Answer: D

Question: 13

A work center has 2 machines that are operated 16 hours a day for 5 days a week. Historically,
The utilization has been 85% and the efficiency 105%. What is the rated capacity for this work center?
(Rounded)

A. 71
B. 99
C. 130
D. 143

Answer: D

Question: 14

Which of the following actions most likely will serve to reduce economic lot size?

A. Decreasing the number of items
B. Decreasing the unit cost of items
C. Increasing the cost of ordering items
D. Increasing the cost of carrying inventory

Answer: D

Question: 15

After a quality improvement program has been successfully implemented, the greatest cost of
Controlling quality typically is the cost of:

A. failure.
B. appraisal.
C. prevention.
D. inspection.

Answer: C

Question: 16

Which of the following activities positions goods or services closer to the customer?

A. Distribution
B. Manufacturing
C. Materials handling
D. Transportation

Answer: A

Total Views: 63Word Count: 581See All articles From Author

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