OSC Exam 2 Questions With Complete Solutions
______ represent(s) orders that have been placed but not yet
received or completed. Correct Answers Scheduled receipts
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the economic order quantity?
Correct Answers 2,000 units
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the time between orders using
the EOQ order quantity? Correct Answers 25 workdays
A network diagram is used to show what? Correct Answers
precedence relationships
A product has an average demand of 40 units per week and a
standard deviation of 10 units per week (normally distributed).
The lead time is 5 weeks. What is the safety stock inventory if
the organization wants to achieve a 90% cycle-service level?
Correct Answers 29 units
A product structure tree is often used to visually represent the
Correct Answers Bill of materials
, A technique that offers customers incentives to shape their
demand patterns refers to Correct Answers Yield management
Activity 7 is directly preceded by two activities, activity 5 and
activity 6. Activity 5 has an expected time of 5 and ES time of 6.
Activity 6 has an expected time of 7 and an ES time of 7.
Activity 7 has an expected time of 10. The ES for activity 7 is:
Correct Answers 14
An approach to reduce the amount of fluctuations in day-to-day
resource requirements within an organization is Correct
Answers resource leveling
An inventory review system that always orders the same
quantity of items but may have differing periods of time
between orders has what type of review system? Correct
Answers Continuous
An item that is manufactured from component parts is known as
Correct Answers A parent
Being an expert in information integration, project scope, time
management, quality management, human resources,
communications, risk and procurement are beneficial skills for
what member of a project management team?
-project accountant
-project planner
-project manager
-project auditor
-project sponsor Correct Answers Project manager
______ represent(s) orders that have been placed but not yet
received or completed. Correct Answers Scheduled receipts
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the economic order quantity?
Correct Answers 2,000 units
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the time between orders using
the EOQ order quantity? Correct Answers 25 workdays
A network diagram is used to show what? Correct Answers
precedence relationships
A product has an average demand of 40 units per week and a
standard deviation of 10 units per week (normally distributed).
The lead time is 5 weeks. What is the safety stock inventory if
the organization wants to achieve a 90% cycle-service level?
Correct Answers 29 units
A product structure tree is often used to visually represent the
Correct Answers Bill of materials
, A technique that offers customers incentives to shape their
demand patterns refers to Correct Answers Yield management
Activity 7 is directly preceded by two activities, activity 5 and
activity 6. Activity 5 has an expected time of 5 and ES time of 6.
Activity 6 has an expected time of 7 and an ES time of 7.
Activity 7 has an expected time of 10. The ES for activity 7 is:
Correct Answers 14
An approach to reduce the amount of fluctuations in day-to-day
resource requirements within an organization is Correct
Answers resource leveling
An inventory review system that always orders the same
quantity of items but may have differing periods of time
between orders has what type of review system? Correct
Answers Continuous
An item that is manufactured from component parts is known as
Correct Answers A parent
Being an expert in information integration, project scope, time
management, quality management, human resources,
communications, risk and procurement are beneficial skills for
what member of a project management team?
-project accountant
-project planner
-project manager
-project auditor
-project sponsor Correct Answers Project manager
