MGT 366 Final Exam UPDATED ACTUAL Questions And Correct Answers
C
Terms in this set (127)
D Which of the following is NOT a benefit of an MRP system?
A.
Improvement in customer service
B.
Reduction of inventory levels
C.
Better utilization of labor and facilities
D.
Forecasting of finished-goods demand
D The key inputs to an MRP include
A.
engineering drawing of the product.
B.
process chart.
C.
personnel records.
D.
inventory record database.
,B In master production scheduling, what does available-to-promise (ATP) inventory
represent?
A.
the company's commitment to always hold finished goods in inventory
B.
the difference between the customer orders already booked and the quantity that
operations is planning to produce
C.
inventory currently being shipped to all customers
D.
the difference between forecasted customer orders and the quantity that
operations is planning to produce
D The listed lot-sizing method that best minimizes the inventory levels is
A.
Periodic Order Quantity.
B.
EOQ+.
C.
Economic Order Quantity.
D.
Lot for Lot.
B Studies show that companies reap the greatest rewards with ERP when they
A.
work with a large number of software vendors.
B.
keep their ERP implementations simple.
C.
extensively customize their systems to fit their specific needs.
D.
spend as little money on ERP training as possible.
B Service providers must plan their resources just as manufacturers do. However,
unlike finished goods, services cannot be
A.
provided on demand.
B.
inventoried.
C.
resourced to serve all customers.
D.
All of the above.
, D The concept of dependent demand is
A.
not applicable to service firms.
B.
that demand for an item is independent of the demand for all other items the
company produces.
C.
not applicable to manufacturing firms.
D.
that demand for an item is a function of the production plans for some other item
the company produces.
D An enterprise process is a companywide process that cuts across
A.
functional areas.
B.
suppliers and customers.
C.
business units and geographic regions.
D.
All of the above.
A In master production scheduling, what does available-to-promise (ATP) inventory
represent?
A.
the difference between the customer orders already booked and the quantity that
operations is planning to produce
B.
the difference between forecasted customer orders and the quantity that
operations is planning to produce
C.
the company's commitment to always hold finished goods in inventory
D.
inventory currently being shipped to all customers
B The service analogy to the bill of materials is the
Part 2
A.
bill of service.
B.
bill of resources.
C.
bill of process.
D.
bill of sale.
C
Terms in this set (127)
D Which of the following is NOT a benefit of an MRP system?
A.
Improvement in customer service
B.
Reduction of inventory levels
C.
Better utilization of labor and facilities
D.
Forecasting of finished-goods demand
D The key inputs to an MRP include
A.
engineering drawing of the product.
B.
process chart.
C.
personnel records.
D.
inventory record database.
,B In master production scheduling, what does available-to-promise (ATP) inventory
represent?
A.
the company's commitment to always hold finished goods in inventory
B.
the difference between the customer orders already booked and the quantity that
operations is planning to produce
C.
inventory currently being shipped to all customers
D.
the difference between forecasted customer orders and the quantity that
operations is planning to produce
D The listed lot-sizing method that best minimizes the inventory levels is
A.
Periodic Order Quantity.
B.
EOQ+.
C.
Economic Order Quantity.
D.
Lot for Lot.
B Studies show that companies reap the greatest rewards with ERP when they
A.
work with a large number of software vendors.
B.
keep their ERP implementations simple.
C.
extensively customize their systems to fit their specific needs.
D.
spend as little money on ERP training as possible.
B Service providers must plan their resources just as manufacturers do. However,
unlike finished goods, services cannot be
A.
provided on demand.
B.
inventoried.
C.
resourced to serve all customers.
D.
All of the above.
, D The concept of dependent demand is
A.
not applicable to service firms.
B.
that demand for an item is independent of the demand for all other items the
company produces.
C.
not applicable to manufacturing firms.
D.
that demand for an item is a function of the production plans for some other item
the company produces.
D An enterprise process is a companywide process that cuts across
A.
functional areas.
B.
suppliers and customers.
C.
business units and geographic regions.
D.
All of the above.
A In master production scheduling, what does available-to-promise (ATP) inventory
represent?
A.
the difference between the customer orders already booked and the quantity that
operations is planning to produce
B.
the difference between forecasted customer orders and the quantity that
operations is planning to produce
C.
the company's commitment to always hold finished goods in inventory
D.
inventory currently being shipped to all customers
B The service analogy to the bill of materials is the
Part 2
A.
bill of service.
B.
bill of resources.
C.
bill of process.
D.
bill of sale.
