MGSC 395 CORE REVIEW ANSWERS AND QUESTIONS
SET A+
✔✔The time horizon for a sales and operations plan is typically
A.
24-60 months.
B.
3-18 months.
C.
0-3 months.
D.
60-120 months. - ✔✔B
✔✔A for-profit service can expect to encounter which of the following sequences of
plans?
A.
Financial plan; staffing plan; master production schedule
B.
Business plan; production plan; workforce schedule
C.
Business plan; staffing plan; workforce schedule
D.
Annual plan; production plan; master production schedule - ✔✔C
✔✔The operations area input to the sales and operations plan includes
A.
workforce capacities.
B.
cost data.
C.
demand forecasts.
D.
product-design changes. - ✔✔A
, ✔✔Aggressive alternatives for coping with demand requirements include
A.
anticipation inventory.
B.
use of subcontractors.
C.
employee hiring and layoffs.
D.
creative pricing. - ✔✔D
✔✔Which term describes a customer order that cannot be filled immediately but will be
filled as soon as possible?
A.
Backlog
B.
Overorder
C.
Backorder
D.
Stockout - ✔✔C
✔✔What is an example of a policy constraint for a sales and operations plan?
A.
Overtime cannot exceed 10 hours per week.
B.
Starting inventory is 100 units.
C.
Every unit held in inventory from one period to the next results in a cost of $2.
D.
The ending inventory from one period becomes the starting inventory for the next
period. - ✔✔A
✔✔Backorder and stockouts typically do not include which of the following costs?
A.
the potential cost of losing a customer to a competitor
B.
additional costs to expedite past-due orders
C.
the costs of lost sales
D.
pilferage and obsolescence costs - ✔✔D
✔✔Which of the following statements best defines "utilized time"?
A.
that portion of the workforce's regular time that is paid for and productively used
SET A+
✔✔The time horizon for a sales and operations plan is typically
A.
24-60 months.
B.
3-18 months.
C.
0-3 months.
D.
60-120 months. - ✔✔B
✔✔A for-profit service can expect to encounter which of the following sequences of
plans?
A.
Financial plan; staffing plan; master production schedule
B.
Business plan; production plan; workforce schedule
C.
Business plan; staffing plan; workforce schedule
D.
Annual plan; production plan; master production schedule - ✔✔C
✔✔The operations area input to the sales and operations plan includes
A.
workforce capacities.
B.
cost data.
C.
demand forecasts.
D.
product-design changes. - ✔✔A
, ✔✔Aggressive alternatives for coping with demand requirements include
A.
anticipation inventory.
B.
use of subcontractors.
C.
employee hiring and layoffs.
D.
creative pricing. - ✔✔D
✔✔Which term describes a customer order that cannot be filled immediately but will be
filled as soon as possible?
A.
Backlog
B.
Overorder
C.
Backorder
D.
Stockout - ✔✔C
✔✔What is an example of a policy constraint for a sales and operations plan?
A.
Overtime cannot exceed 10 hours per week.
B.
Starting inventory is 100 units.
C.
Every unit held in inventory from one period to the next results in a cost of $2.
D.
The ending inventory from one period becomes the starting inventory for the next
period. - ✔✔A
✔✔Backorder and stockouts typically do not include which of the following costs?
A.
the potential cost of losing a customer to a competitor
B.
additional costs to expedite past-due orders
C.
the costs of lost sales
D.
pilferage and obsolescence costs - ✔✔D
✔✔Which of the following statements best defines "utilized time"?
A.
that portion of the workforce's regular time that is paid for and productively used
