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BUSI 650 Quiz 4 with Answers

1. The __________ plan is a preliminary, approximate schedule of an organization’s overall operations that will satisfy the demand forecast at minimum cost.
2. Which of the following is FALSE about supply chains?
3. The inventory turnover is calculated using the annual cost of goods sold and the aggregate inventory value on average.
4. Which of the following statements about Supply Chain Management (SCM) is correct?
5. It is not unusual for fire departments to use “slack months” for building inspections, conducting prevention programs and giving talks as a way to have anti-cyclic outputs.
6. Assume that Company F produces a variety of smartphones sequentially on three machines. The times required on each machine for one typical racket are as follows: M1: 3 minutes M2: 8 minutes, M3: 2 minutes, M4: 5 minutes. The throughput time for a smartphone is :
7. Purchasing tends to follow three practices; which of the following is NOT one of them?
8. In order to leverage the location decision to enhance the development of long-term capabilities, the first step is to:
9. Which of the following are measures of capacity in terms of outputs and inputs produced for the corresponding production system?
10. Which of the following is/are (a) technique(s) used for increasing short-run capacity
11. Logistics includes the responsibility for acquiring the goods and services the organization needs, by any means.
12. Efficiency is defined as input divided by output.
13. In planning the long-term capacity of an operation, one should take into account:
14. Obtaining lower unit costs through the use of larger facilities is called economies of scope.
15. The first step to enhancing the development of long-term capabilities is to identify potential locations.
16. Organizations that process natural or basic resources as raw materials or other essential inputs to obtain their outputs will locate near their resources if one of the following conditions holds:
17. Yield management, also known as revenue management is the amount of output of acceptable quality emerging from a production system compared with the amount that entered it.
18. __________ means deciding which jobs to assign to which work centers.
19. When a resource is scheduled as if it had unlimited capacity to handle any and all jobs, its schedule is called
20. Logistics consist(s) of the following, EXCEPT:
21. Under sole-sourcing arrangements, customers involve suppliers from the design stage, asking for larger deliveries of higher quality items in large batches that enable greater savings.
22. __________ inventories exist because materials must be moved from one location to another.
23. Yield or revenue management would NOT be so appropriate if which of the following circumstances is present?
24. In locating pure services, which of the following measures are recommended in the literature on health clinics and can be used for trial-and-error procedures?
25. The cycle time of the process is the reciprocal of the output rate.