BUAS 370 Final Exam Conceptual
Question and answers already passed
2025/2026
The type of demand which comes from outside the organization, is unpredictable, and usually
forecasted is
A.
continuous.
B.
periodic.
C.
independent.
D.
dependent. - correct answer ✔C.
independent.
"A system used when demand occurs in only a single point in time" is the definition of
A.
continuous inventory systems.
B.
single-period inventory systems.
C.
periodic inventory systems.
D.
mixed inventory systems. - correct answer ✔B.
single-period inventory systems.
, A company makes tools, such as hammer and tape measures. One of their primary raw materials is steel
and if they run out of steel they cannot make tools. The inventory level for steel is constantly monitored
and when the reorder point is reached, an order is released for the economic order quantity.
The tool company uses which of the following independent demand inventory systems for steel?
A.
work-in-process (WIP) system
B.
continuous review system
C.
periodic review system
D.
single period system - correct answer ✔B.
continuous review system
Companies hold hedge inventory due to:
A.
uncertainty in supply or demand.
B.
mismatch between timing of customer demand and supply chain lead times.
C.
mismatch between downstream partner's demand and most efficient production or shipment volumes
for upstream partner.
D.
mismatch between downstream demand levels and upstream production capacity. - correct answer
✔A.
uncertainty in supply or demand.
Question and answers already passed
2025/2026
The type of demand which comes from outside the organization, is unpredictable, and usually
forecasted is
A.
continuous.
B.
periodic.
C.
independent.
D.
dependent. - correct answer ✔C.
independent.
"A system used when demand occurs in only a single point in time" is the definition of
A.
continuous inventory systems.
B.
single-period inventory systems.
C.
periodic inventory systems.
D.
mixed inventory systems. - correct answer ✔B.
single-period inventory systems.
, A company makes tools, such as hammer and tape measures. One of their primary raw materials is steel
and if they run out of steel they cannot make tools. The inventory level for steel is constantly monitored
and when the reorder point is reached, an order is released for the economic order quantity.
The tool company uses which of the following independent demand inventory systems for steel?
A.
work-in-process (WIP) system
B.
continuous review system
C.
periodic review system
D.
single period system - correct answer ✔B.
continuous review system
Companies hold hedge inventory due to:
A.
uncertainty in supply or demand.
B.
mismatch between timing of customer demand and supply chain lead times.
C.
mismatch between downstream partner's demand and most efficient production or shipment volumes
for upstream partner.
D.
mismatch between downstream demand levels and upstream production capacity. - correct answer
✔A.
uncertainty in supply or demand.
