WGU D464 MANAGING OPERATIONS STUDY SET
WITH COMPLETE SOLUTIONS 100% VERIFIED!!
Avexim Pharmaceutical Laboratories is an international group of companies
manufacturing an antiepileptic prescription drug in huge volumes. Given setup time to
manufacture the drug, 75 minutes, the processing time, 8 minutes, and the order size,
700 units, determine the total time required to meet the given production volume. -
ANSWER>>5675 minutes
Harlose Suits has more equipment than needed to produce products in periods of
normal demand to meet sudden surges in demand. It also has some reserve of produced
goods to meet material shortages. Here, the reserve of equipment and the produced
goods are examples of _____. - ANSWER>>the capacity cushion
Which of the following is true of one large capacity increase in strategies for expanding
capacity? - ANSWER>>One of the advantages of this strategy is that the fixed costs of
construction and operating system setup need be incurred only once.
Forecasting, allocation, overbooking, and pricing must all be integrated in some way if
the objective of a revenue management system is to - ANSWER>>maximize the
revenue generated by a perishable asset.
Unlike a focused factory, an unfocused factory is characterized by: -
ANSWER>>dissimilar product lines.
Magnira Hotels is a chain of leading hotels. Its managers reserve 30% of the rooms
available only to the members of its club. They also provide the rooms at subsidized
prices to these members. In this scenario, which of the following components of
revenue management system is most likely used by Magnira Hotels? -
ANSWER>>Allocation
A _____ consists of dynamic methods to forecast demand, allocate perishable assets
across market segments, decide when to overbook and by how much, and determine
,what price to charge different customer classes. - ANSWER>>revenue management
system
The quality is the most important competitive priority for the spare parts manufacturing
company, Rues and West Bros. Only a few types of essential spare parts are
manufactured through similar process designs. In this case, Rues and West Bros. _____.
- ANSWER>>is a focused factory
Which one of the following is true for a work order? - ANSWER>>It contains processing
requirements for a type of work.
Blyrie Inc. is a company manufacturing goods relating to sports. It follows a policy to
manufacture only when the demand of the manufactured goods exceeds. Based on the
provided information, it can be assumed that Blyrie Inc. has a capacity _____ strategy to
expand the capacity. - ANSWER>>lag
In service industries, the capacity is often viewed as the _____. - ANSWER>>units of
resource availability
A _____ matches capacity additions with demand as closely as possible. -
ANSWER>>straddle
A capacity _____ strategy is a strategy for expanding capacity that waits until demand
has increased to a point where additional capacity is necessary. - ANSWER>>lag
Which of the following is a way to manage capacity by adjusting short-term capacity
levels? - ANSWER>>Shifting work to slack periods
The first revenue management systems only focused on overbooking.
____ occur when the average unit cost of a commodity or service is reduced by
increased capacity and/or volume of throughput. - ANSWER>>Economies of scale
,The EOQ lot-for-lot rule applies best when: - ANSWER>>the inventory-carrying costs
are high.
Which of the following is true of an MPS? - ANSWER>>It provides a means for
evaluating alternative schedules in terms of capacity requirements
In manufacturing, a _____ is a statement of how many finished items are to be produced
and when they are to be produced - ANSWER>>master production schedule
A company has an inventory of 100 items now. The demand over the next four months
will be 500, 800, 900, and 300 units. If a level strategy is chosen that plans to end the
fourth month with 400 units of inventory, find the monthly production rate. -
ANSWER>>900 units/month
Capacity requirements are determined by multiplying the number of units scheduled for
production at a work center by the: - ANSWER>>the unit resource requirements and
then adding in the setup time.
Aggregate planning: - ANSWER>>helps in defining budget allocations and associated
resource requirements.
Which of the following is true of a level production strategy? - ANSWER>>Equipment
schedules are stable.
Which of the following lot sizing rules bases the order quantity on a standard-size
container or pallet load? - ANSWER>>The fixed-order quantity rule
A firm has 500 units in inventory. The demand for the next 2 months is 900 and 1200
units. Given a level production rate of 1000 units per month, determine the ending
inventory at the end of the second month. - ANSWER>>400
, For goods-producing firms, at what level of resource planning does scheduling for
individual subassemblies and resources by week and day occur? -
ANSWER>>Disaggregation
When considering aggregate planning options, which of the following costs are an
implication of allowing backorders? - ANSWER>>Lost sales and customer loyalty costs
_____ refers to the process of translating aggregate plans into short-term operational
plans that provide the basis for weekly and daily schedules and detailed resource
requirements. - ANSWER>>Disaggregation
Which one of the following is true of the lot-for-lot (LFL) rule? - ANSWER>>It ignores
the costs associated with purchase orders.
The periodic-order quantity (POQ) can be calculated by means of an economic time
interval, which is the economic order quantity (EOQ) divided by _____. -
ANSWER>>annual demand
_____ refers to the process of determining the labor and machine resources needed to
perform the tasks of production in more detail, considering all component parts and end
items in the materials plan. - ANSWER>>Capacity requirements planning
_____ refers to the movement of work from workstation to workstation, assigning people
to tasks, as well as the priority and job scheduling, scheduling of equipment and the
control of processes. - ANSWER>>Execution
Which of the following lot sizing rules is best applied when set up or order cost are
relatively high? - ANSWER>>The fixed-order quantity rule
_____ refers to the amount of a part required to meet production at higher stages of the
assembly process. - ANSWER>>Gross requirements
_____ refers to the process of using the logic of dependent demand to calculate the
WITH COMPLETE SOLUTIONS 100% VERIFIED!!
Avexim Pharmaceutical Laboratories is an international group of companies
manufacturing an antiepileptic prescription drug in huge volumes. Given setup time to
manufacture the drug, 75 minutes, the processing time, 8 minutes, and the order size,
700 units, determine the total time required to meet the given production volume. -
ANSWER>>5675 minutes
Harlose Suits has more equipment than needed to produce products in periods of
normal demand to meet sudden surges in demand. It also has some reserve of produced
goods to meet material shortages. Here, the reserve of equipment and the produced
goods are examples of _____. - ANSWER>>the capacity cushion
Which of the following is true of one large capacity increase in strategies for expanding
capacity? - ANSWER>>One of the advantages of this strategy is that the fixed costs of
construction and operating system setup need be incurred only once.
Forecasting, allocation, overbooking, and pricing must all be integrated in some way if
the objective of a revenue management system is to - ANSWER>>maximize the
revenue generated by a perishable asset.
Unlike a focused factory, an unfocused factory is characterized by: -
ANSWER>>dissimilar product lines.
Magnira Hotels is a chain of leading hotels. Its managers reserve 30% of the rooms
available only to the members of its club. They also provide the rooms at subsidized
prices to these members. In this scenario, which of the following components of
revenue management system is most likely used by Magnira Hotels? -
ANSWER>>Allocation
A _____ consists of dynamic methods to forecast demand, allocate perishable assets
across market segments, decide when to overbook and by how much, and determine
,what price to charge different customer classes. - ANSWER>>revenue management
system
The quality is the most important competitive priority for the spare parts manufacturing
company, Rues and West Bros. Only a few types of essential spare parts are
manufactured through similar process designs. In this case, Rues and West Bros. _____.
- ANSWER>>is a focused factory
Which one of the following is true for a work order? - ANSWER>>It contains processing
requirements for a type of work.
Blyrie Inc. is a company manufacturing goods relating to sports. It follows a policy to
manufacture only when the demand of the manufactured goods exceeds. Based on the
provided information, it can be assumed that Blyrie Inc. has a capacity _____ strategy to
expand the capacity. - ANSWER>>lag
In service industries, the capacity is often viewed as the _____. - ANSWER>>units of
resource availability
A _____ matches capacity additions with demand as closely as possible. -
ANSWER>>straddle
A capacity _____ strategy is a strategy for expanding capacity that waits until demand
has increased to a point where additional capacity is necessary. - ANSWER>>lag
Which of the following is a way to manage capacity by adjusting short-term capacity
levels? - ANSWER>>Shifting work to slack periods
The first revenue management systems only focused on overbooking.
____ occur when the average unit cost of a commodity or service is reduced by
increased capacity and/or volume of throughput. - ANSWER>>Economies of scale
,The EOQ lot-for-lot rule applies best when: - ANSWER>>the inventory-carrying costs
are high.
Which of the following is true of an MPS? - ANSWER>>It provides a means for
evaluating alternative schedules in terms of capacity requirements
In manufacturing, a _____ is a statement of how many finished items are to be produced
and when they are to be produced - ANSWER>>master production schedule
A company has an inventory of 100 items now. The demand over the next four months
will be 500, 800, 900, and 300 units. If a level strategy is chosen that plans to end the
fourth month with 400 units of inventory, find the monthly production rate. -
ANSWER>>900 units/month
Capacity requirements are determined by multiplying the number of units scheduled for
production at a work center by the: - ANSWER>>the unit resource requirements and
then adding in the setup time.
Aggregate planning: - ANSWER>>helps in defining budget allocations and associated
resource requirements.
Which of the following is true of a level production strategy? - ANSWER>>Equipment
schedules are stable.
Which of the following lot sizing rules bases the order quantity on a standard-size
container or pallet load? - ANSWER>>The fixed-order quantity rule
A firm has 500 units in inventory. The demand for the next 2 months is 900 and 1200
units. Given a level production rate of 1000 units per month, determine the ending
inventory at the end of the second month. - ANSWER>>400
, For goods-producing firms, at what level of resource planning does scheduling for
individual subassemblies and resources by week and day occur? -
ANSWER>>Disaggregation
When considering aggregate planning options, which of the following costs are an
implication of allowing backorders? - ANSWER>>Lost sales and customer loyalty costs
_____ refers to the process of translating aggregate plans into short-term operational
plans that provide the basis for weekly and daily schedules and detailed resource
requirements. - ANSWER>>Disaggregation
Which one of the following is true of the lot-for-lot (LFL) rule? - ANSWER>>It ignores
the costs associated with purchase orders.
The periodic-order quantity (POQ) can be calculated by means of an economic time
interval, which is the economic order quantity (EOQ) divided by _____. -
ANSWER>>annual demand
_____ refers to the process of determining the labor and machine resources needed to
perform the tasks of production in more detail, considering all component parts and end
items in the materials plan. - ANSWER>>Capacity requirements planning
_____ refers to the movement of work from workstation to workstation, assigning people
to tasks, as well as the priority and job scheduling, scheduling of equipment and the
control of processes. - ANSWER>>Execution
Which of the following lot sizing rules is best applied when set up or order cost are
relatively high? - ANSWER>>The fixed-order quantity rule
_____ refers to the amount of a part required to meet production at higher stages of the
assembly process. - ANSWER>>Gross requirements
_____ refers to the process of using the logic of dependent demand to calculate the
