4) The type of processing structure that is used for producingdiscrete products at a controlled rate is

A. job shop
B. batch
C. assembly line
D. project
5) The best process flow structure to use for making automobilesis
A. job shop
B. batch shop
C. group technology cell
D. assembly line

6) The break-even analysis is a standard approach to determinealternative processes A break-even analysis chart usually presentalternative __________ and __________ based upon the units producedor sold.
A. demand, supply
B. profits, losses
C. equipment, materials
D. variable, fixed costs

8) Independent demand is
A. inventory where demand comes from independent suppliers
B. inventory that is independent of any known rules of demand andsupply
C. demand that is related to the demand for another item
D. demand determined by the marketplace that requiresforecasting

9) An inventory system designed to ensure that an item will beavailable on an ongoing basis throughout the year is known as

A. Optional Replenishment System
B. Inventory Accuracy and Cycle Counting
C. ABC Inventory Planning
D. Multiperiod Inventory Systems
10) A/an __________ approach actually schedules in detail eachresource using the setup and runtime required for each order.

A. infinite loading
B. finite loading
C. forward scheduling
D. backward scheduling

11) What is the net result of reducing the duration of a task(crashing) not on the critical path?
A. Decreased project overhead costs
B. Reduced likelihood of liquidated damages for late delivery
C. Increased slack time associated with the task
D. Reduction in the project duration

12) The idea of the value density calculation is:
A. finding a carrier that can handle the weight
B. matching the weight of the product with an appropriatecarrier
C. deciding where items should be stocked geographically and howthey should be shipped
D. finding the minimum cost carrier

14) According to Hau Lee, which of the following types of productsneed to be delivered with efficient supply-chains?

A. Custom products
B. Innovative products
C. Grocery products
D. High technology products

15) Which of the following product promotional activities wouldprobably help make the supply chain more efficient?
A. Price promotions that expire on a specific date
B. An “everyday” low price strategy where prices are not dependenton quantity delivered with a specific order
C. Special packaging for a specific event that occurs one time eachyear
D. A 2-for-1 price promotion

16) The best operating level is:
A. the maximum point of the cost curve
B. the level of capacity for which average unit cost isminimized
C. maximum capacity
D. the level of capacity for which total cost is minimized

17) Capacity utilization rate can be computed as:
A. Capacity used – best operating level
B. Capacity used x best operating level
C. Capacity used / best operating level
D. Capacity used + best operating level

20) Given that the previous forecast of 65 turned out to be fourunits less than the actual demand; the next forecast is 66. Whatwould be the value of alpha if the simple exponential smoothingforecast method is being used?
A. 002
B. 04
C. 004
D. 025
21) Linear regression sales forecasting techniques:
A. work best when future sales are randomly distributed
B. will not work for declining sales
C. work best when sales are increasing
D. will not work if future sales forecasts lie on a curve

22) What should the value of alpha be in an exponential smoothingforecast to be very responsive to recent demand?
A. Large
B. Small
C. Negative
D. Zero

23) Which of the following statements are true about time-seriesforecasting?
A. Time series analysis employs empirical data to forecast futureevents
B. Time series analysis is used t
C. Under time-series methods, demand is divided into the time-basedcomponents such as daily, weekly, etc
D. Time series methods are useful for long-range forecasts when thedemand pattern is erratic

24) One option for altering the pattern of demand is:
A. hiring employees
B. using overtime
C. carrying inventory
D. pricing
25) Aggregate planners balance:
A. demand and costs
B. demand and inventories
C. demand and capacity
D. supply and inventories
26) Which of the following accurately describes a chasestrategy?
A. The firm produces the same amount each day over the planningperiod and deals with the variations in demand through the use ofinventory or overtime
B. The firm produces at the same level for several months, and thenadjusts production to another
C. The firm matches its production rate to meet demand by varyingthe size of its workforce as demand varies
D. The firm produces the same amount each day within the planningperiod and deals with variations in demand through the use ofoutsourcing partners

ScholarMatic: Explanation & Answer

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