A lot-sizing technique that generates exactly what was required to meet the plan is
1.The Wagner-Whitin algorithm.
2.Economic order quantity.
3.Lot-for-lot.
4.Part period balancing.
Posted Date:-2021-12-06 09:48:32
A phantom bill-of-materials is a bill-of-materials developed for
1.A subassembly that exists only temporarily.
2.A final product for which production is to be discontinued.
3.The purpose of grouping subassemblies when we wish to issue "kits" for later use.
4.A module that is a major component of a final product.
Posted Date:-2021-12-06 09:50:12
An MRP system that provides feedback to the capacity plan, master production schedule, and production plans is called
1.System nervousness.
2.Closed-loop mrp.
3.Lot-sizing.
4.Load report.
Posted Date:-2021-12-06 09:44:31
Assume that a normal cycle time for a set of transactions is 35 seconds and an allowance rate for fatigue is 15%. Determine the hourly transaction-processing rate based on the standard time in seconds for each lottery transaction.
1.90
2.103
3.716
4.None of the above
Posted Date:-2021-12-06 09:57:43
Breaking up the order and running part of it ahead of schedule is known as
1.Operations splitting
2.Lot splitting.
3.Pegging.
4.Overlapping.
Posted Date:-2021-12-06 09:49:40
Buying according to the requirements is called
1.Seasonal Buying
2.Hand to mouth buying
3.Scheduled Buying
4.Tender Buying
Posted Date:-2021-12-06 09:42:07
Corporate governance success includes three key groups. Which of the following represents these three groups?
1.Suppliers, managers, and customers.
2.Board of Directors, executive officers, and common shareholders.
3.Suppliers, employees, and customers.
4.Common shareholders, managers, and employees.
Posted Date:-2021-12-06 09:36:32
Formal methods of work measurement exclude which of the following?
1.Time study method
2.Work sampling method
3.Predetermined data approach
4.Systems approach
Posted Date:-2021-12-06 09:51:49
In a distribution requirements planning environment, forecasted demand at the plant level is equal to _______ in the distribution center level.
1.Scheduled receipts
2.Planned receipts
3.Planned orders
4.None of the above
Posted Date:-2021-12-06 09:43:41
Looking at socio-technical systems, which job design principle is not important?
1.Skill variety
2.Feedback
3.Task autonomy
4.None of the above (all are important)
Posted Date:-2021-12-06 09:52:33
Managers can use work standards in which of the following ways?
1.Scheduling
2.Motivating workers
3.Capacity planning
4.All of the above
Posted Date:-2021-12-06 09:51:01
Procuring an item in staggering deliveries according to the delivery schedule finished to the supplier by the buyer.
1.Seasonal Buying
2.Hand to mouth buying
3.Scheduled Buying
4.Tender Buying
Posted Date:-2021-12-06 09:39:22
Purchasing responsibilities can be divided into Buying, Clerical and __________________ division.
1.Packing
2.Traffic
3.Record
4.Follow up pricing.
Posted Date:-2021-12-06 09:37:16
Raw Materials and WIP can be classified under
1.Indirect Material
2.Direct Material
3.Finished Material
4.Standard Parts
Posted Date:-2021-12-06 09:42:31
The 5 steps of making a work sample study include all of the following except:
1.Estimate the proportion of time of the activity of interest
2.State the desired accuracy in the study results
3.Determine the specific times observations are to be made
4.Change the specific time observations to make them convenient
Posted Date:-2021-12-06 09:57:21
The difference between a gross material requirements plan (gross MRP) and a net material requirements plan (net MRP) is
1.The net MRP includes consideration of the inventory on hand, whereas the gross MRP does not.
2.The gross MRP doesn't take taxes into account, whereas the net MRP includes the tax considerations.
3.The gross MRP doesn't take taxes into account, whereas the net MRP includes the tax considerations.
4.The gross MRP includes consideration of the inventory on hand, whereas the net MRP does not.
Posted Date:-2021-12-06 09:44:08
The first activity of Purchasing cycle is
1.Communicating requirement to the purchase
2.Source Selection and development
3.Recognizing the need for procurement
4.Inspection of goods
Posted Date:-2021-12-06 09:40:58
The list of quantities of components, ingredients, and materials required to produce a product is the
1.Bill-of-materials.
2.Engineering change notice.
3.Purchase order.
4.Master schedule.
Posted Date:-2021-12-06 09:47:21
The master production schedule is the schedule of production for what level product/material?
1.Level 0
2.Level 1
3.Level 2
4.Level 3
Posted Date:-2021-12-06 09:50:34
The master production schedule requires all of the following input except
1.Projected inventory levels
2.Production quantities
3.Forecasted demand
4.All of the above are inputs into MSP.
Posted Date:-2021-12-06 09:43:15
The operations manager has several tools available to deal with MRP system nervousness. Those tools are
1.Pseudo bills and kits.
2.Pseudo bills and kits.
3.Buckets with back flush.
4.Net and gross requirements.
Posted Date:-2021-12-06 09:48:54
The work measurement method that is most often used for setting time standards for a job is:
1.The work sampling method
2.The predetermined data approach
3.The elemental standard data approach
4.The time study method
Posted Date:-2021-12-06 09:54:11
The work measurement method that is not usually used for setting standards for repetitive,'well-defined jobs is:
1.The elemental standard data approach
2.The predetermined data approach
3.The time study method
4.The work sampling method
Posted Date:-2021-12-06 09:52:13
What is the most appropriate goal of the firm?
1.Shareholder wealth maximization.
2.Profit maximization.
3.Stakeholder maximization.
4.EPS maximization.
Posted Date:-2021-12-06 09:41:21
When a bill-of-materials is used in order to assign an artificial parent to a bill-of-materials, it is usually called a
1.Phantom bill-of-materials.
2.Planning bill-of-materials.
3.Modular bill-of-materials.
4.Pick list.
Posted Date:-2021-12-06 09:47:44
Which is not a disadvantage of specialization?
1.Boredom
2.Little opportunity to progress
3.Low cost to replace a worker
4.Limited flexibility to change the process
Posted Date:-2021-12-06 09:54:35
Which is not an advantage of specialization?
1.Upstream and downstream quality control
2.Rapid training
3.Ease of recruiting
4.No education required
Posted Date:-2021-12-06 09:53:24
Which of the following are reasons why an allowance should be added to determine the standard time?
1.Unavoidable delay
2.Rest period
3.Fatigue
4.All of the above
Posted Date:-2021-12-06 09:53:48
Which of the following is not a major personnel selection method?
1.Graphology
2.References
3.Biodata
4.Focus groups
Posted Date:-2021-12-06 09:52:57
Which of the following is not a trend in job design?
1.Quality control
2.Cross training
3.Jobs for life
4.Team approaches
Posted Date:-2021-12-06 09:58:38
Which of the following lot-sizing techniques is likely to prove the most complex to use?
1.Part period balancing (PPB)
2.The Wagner-Whitin algorithm
3.Economic order quantity (EOQ)
4.Lot-for-lot
Posted Date:-2021-12-06 09:46:35
Which of the following statements is correct regarding profit maximization as the primary goal of the firm?
1.Profit maximization considers the firm's risk level.
2.Profit maximization will not lead to increasing short-term profits at the expense of lowering expected future profits.
3.Profit maximization does consider the impact on individual shareholder's EPS.
4.Profit maximization is concerned more with maximizing net income than the stock price.
Posted Date:-2021-12-06 09:38:07
Which of the following statements is not correct regarding earnings per share (EPS) maximization as the primary goal of the firm?
1.EPS maximization ignores the firm's risk level.
2.EPS maximization does not specify the timing or duration of expected EPS.
3.EPS maximization naturally requires all earnings to be retained.
4.EPS maximization is concerned with maximizing net income.
Posted Date:-2021-12-06 09:39:52
Work measurement sets time standards that are necessary for all of the following reasons except:
1.To schedule work and allocate capacity
2.To scare employees
3.To provide an objective basis for motivation
4.To bid for new contracts
Posted Date:-2021-12-06 09:58:12
Work-sample test
1.Often use in-tray or in-basket exercises for selecting shop floor workers
2.Normally make use of many different complementary predictors
3.Require candidates to conduct a sample of the work required for the job
4.Do not necessarily have any obvious link with the job in question
Posted Date:-2021-12-06 09:51:24
_____ calculates the timing and quantities of material orders needed to support the master schedule.
1.Sale and operations planning
2.Distribution requirements planning
3.Material requirements planning
4.Master production schedule
Posted Date:-2021-12-06 09:46:05
______ is the task of buying goods of right quality, in the right quantities, at the right time and at the right price.
1.Supplying
2.Purchasing
3.Scrutinizing
4.None of these
Posted Date:-2021-12-06 09:41:44
_______ is concerned with the maximization of a firm's earnings after taxes.
1.Shareholder wealth maximization
2.Profit maximization
3.Stakeholder maximization
4.EPS maximization
Posted Date:-2021-12-06 09:40:38
_______ is concerned with the maximization of a firm's stock price.
1.Shareholder wealth maximization
2.Profit maximization
3.Stakeholder welfare maximization
4.EPS maximization
Posted Date:-2021-12-06 09:38:33
_______ is the amount of new orders necessary to support production of the required output in the next higher level in the bill of materials.
1.Scheduled receipts
2.Available to promise
3.Projected ending inventory
4.Planning horizon
Posted Date:-2021-12-06 09:45:15
_______ is the scientific technique for planning the ordering and usage of materials at various levels of production and for monitoring the stocks during these transaction.
1.MPS
2.MRP
3.BOM
4.None of these
Posted Date:-2021-12-06 09:38:57
________ also called part lists or building lists is the document generated at the design stage.
1.MRP (Material Requirement Planning)
2.BOM (Bill of Materials)
3.MPS (Master Production Schedule)
4.None of these
Posted Date:-2021-12-06 09:36:53
________ are the basic materials which have not undergone any conversion since their receipt from suppliers.
1.WIP
2.Raw Material
3.Finished Parts
4.Work Made Parts
Posted Date:-2021-12-06 09:37:41
________ is a time phased approach to managing the physical distribution environment with dependent demand logic.
1.Master production schedule
2.Distribution requirements planning
3.Sale and operations planning
4.Material requirements planning
Posted Date:-2021-12-06 09:47:00
________ is the amount of materials necessary to support production of the required output in the next higher level in the bill of materials.
1.Planning horizon
2.Available to promise
3.Net requirements
4.Gross requirements
Posted Date:-2021-12-06 09:49:17
_________ allows a segment of the master schedule to be designated as "not to be rescheduled."
1.Pegging
2.Regenerative MRP
3.Time fence
4.System nervousness
Posted Date:-2021-12-06 09:45:39
_________ determines when specific products will be produced, when specific customer orders will be fulfilled, and what capabilities remain available to satisfy unexpected demand.
1.Sale and operations planning
2.Material requirements planning
3.Distribution requirements planning
4.Master production schedule
Posted Date:-2021-12-06 09:44:55
__________ can be seen as the amount of new inventory created by production.
1.Scheduled receipts
2.Gross requirements
3.Planning horizon
4.Available to promise
Posted Date:-2021-12-06 09:48:05
__________ is the time that elapses between issuing replenishment order and receiving the material in stores.
1.Replenishment time
2.Lead time
3.Idle time
4.All of these
Posted Date:-2021-12-06 09:40:15
___________ establishes the overall production, workforce, and inventory levels.
1.Production activity control
2.Distribution requirements planning
3.Master production schedule
4.Sale and operations planning
Posted Date:-2021-12-06 09:42:53