MGT 124 - Final Exam Notes
Questions & Answers10
Which of the following plans are the job of the operations personnel, working with other
functional areas of the firm? - ANSWERS-INTERMEDIATE PLANS
Job assignments are a focused issue in which of the following? - ANSWERS-SHORT-RANGE
PLANS
Aggregate planning is concerned with determining the quantity and timing of production for? -
ANSWERS-3-18 months
Who develops aggregate plans? - ANSWERS-Seniors
Which of the following is NOT one of the features that an S&OP process needs to generate a
useful aggregate plan? - ANSWERS-A forecast of demand for a reasonable long-term planning
period in aggregate terms.
Which of the following statements is true regarding the master production schedule? -
ANSWERS-The master production schedule provides input to material requirements planning
systems.
The objective of aggregate planning is usually to? - ANSWERS-meet forecast demand while
minimizing cost over the planning period.
Which of the following is a capacity balancing option of aggregate planning? - ANSWERS-varying
production rates through overtime or idle time
, Which statement is characteristic of a mixed strategy for aggregate planning? - ANSWERS-Mixed
plans seek a minimum cost via a combination of eight planning options.
What is the final step in the graphical method for aggregate planning? - ANSWERS-compare the
costs of each proposed plan and to select the approach with the least total cost
Successful techniques used to control the cost of labor in service firms include? - ANSWERS-an
on-call labor resource that can be added or deleted to meet unexpected demand.
In a service business with a highly variable demand, the general approach to aggregate
scheduling does NOT involve? - ANSWERS-depleting inventory during slack periods.
Yield management is the aggregate planning process of allocating the company's scarce
resources to? - ANSWERS-Maximize revenue
For organizations that have perishable inventory, which of the following characteristics would
NOT make yield management of interest? - ANSWERS-service or product cannot be sold in
advance of consumption
Capacity decisions are most critical to which of the following? - ANSWERS-Long-range plans
Which of the following occurs first within a production planning? - ANSWERS-Aggregate
planning
Which of the following is NOT true about S&OP? - ANSWERS-S&OP is also called an aggregate
plan
What is the process of breaking an aggregate plan into greater detail? - ANSWERS-
Disaggregation
Questions & Answers10
Which of the following plans are the job of the operations personnel, working with other
functional areas of the firm? - ANSWERS-INTERMEDIATE PLANS
Job assignments are a focused issue in which of the following? - ANSWERS-SHORT-RANGE
PLANS
Aggregate planning is concerned with determining the quantity and timing of production for? -
ANSWERS-3-18 months
Who develops aggregate plans? - ANSWERS-Seniors
Which of the following is NOT one of the features that an S&OP process needs to generate a
useful aggregate plan? - ANSWERS-A forecast of demand for a reasonable long-term planning
period in aggregate terms.
Which of the following statements is true regarding the master production schedule? -
ANSWERS-The master production schedule provides input to material requirements planning
systems.
The objective of aggregate planning is usually to? - ANSWERS-meet forecast demand while
minimizing cost over the planning period.
Which of the following is a capacity balancing option of aggregate planning? - ANSWERS-varying
production rates through overtime or idle time
, Which statement is characteristic of a mixed strategy for aggregate planning? - ANSWERS-Mixed
plans seek a minimum cost via a combination of eight planning options.
What is the final step in the graphical method for aggregate planning? - ANSWERS-compare the
costs of each proposed plan and to select the approach with the least total cost
Successful techniques used to control the cost of labor in service firms include? - ANSWERS-an
on-call labor resource that can be added or deleted to meet unexpected demand.
In a service business with a highly variable demand, the general approach to aggregate
scheduling does NOT involve? - ANSWERS-depleting inventory during slack periods.
Yield management is the aggregate planning process of allocating the company's scarce
resources to? - ANSWERS-Maximize revenue
For organizations that have perishable inventory, which of the following characteristics would
NOT make yield management of interest? - ANSWERS-service or product cannot be sold in
advance of consumption
Capacity decisions are most critical to which of the following? - ANSWERS-Long-range plans
Which of the following occurs first within a production planning? - ANSWERS-Aggregate
planning
Which of the following is NOT true about S&OP? - ANSWERS-S&OP is also called an aggregate
plan
What is the process of breaking an aggregate plan into greater detail? - ANSWERS-
Disaggregation
