BUSOBA 3230 Midterm 2 (2025) Actual
Exam Questions and Answers A+ Graded
Throughput .- .CORRECT .ANSWER-the .rate .at .which .the .system .generates
.money .through .sales
Inventory .- .CORRECT .ANSWER-all .the .money .that .the .system .has .invested .in
.purchasing .things .it .intends .to .sell
Operating .expenses .- .CORRECT .ANSWER-all .the .money .that .the .system
.spends .to .turn .inventory .into .throughput
synchronous .manufacturing .- .CORRECT .ANSWER-A .manufacturing .approach
.where .processes .are .linked .to .match .production .flow .efficiently
Productivity .- .CORRECT .ANSWER-Achieving .higher .output .with .fewer .inputs
.while .aligning .with .the .firm's .goal
Bottleneck .- .CORRECT .ANSWER-a .stage .that .limits .the .overall .output .because
.it .operates .at .maximum .capacity .(capacity .< .demand)
Non-Bottleneck .- .CORRECT .ANSWER-A .resource .with .more .capacity .than
.demand, .meaning .it .doesn't .limit .the .process
Capacity-Constrained .Resource .(CCR) .- .CORRECT .ANSWER-A .resource .that .is
.close .to .being .a .bottleneck .and .needs .careful .management .to .prevent .delays
MRP(Material .Requirements .Planning) .- .CORRECT .ANSWER-Focuses .on
.planning .production .based .on .demand .forecasts
JIT .(just .in .time) .- .CORRECT .ANSWER-Aims .to .minimize .inventory .by
.producing .only .what's .needed
Difference .between .TOC .and .(JIT .and .MRP) .- .CORRECT .ANSWER-TOC .differs
.by .focusing .on .improving .the .bottleneck .first .rather .than .optimizing .the .entire
.system.
Independent .demand .- .CORRECT .ANSWER-the .demands .for .various .items .are
.unrelated .to .each .other(finished .goods .like .cars)
Exam Questions and Answers A+ Graded
Throughput .- .CORRECT .ANSWER-the .rate .at .which .the .system .generates
.money .through .sales
Inventory .- .CORRECT .ANSWER-all .the .money .that .the .system .has .invested .in
.purchasing .things .it .intends .to .sell
Operating .expenses .- .CORRECT .ANSWER-all .the .money .that .the .system
.spends .to .turn .inventory .into .throughput
synchronous .manufacturing .- .CORRECT .ANSWER-A .manufacturing .approach
.where .processes .are .linked .to .match .production .flow .efficiently
Productivity .- .CORRECT .ANSWER-Achieving .higher .output .with .fewer .inputs
.while .aligning .with .the .firm's .goal
Bottleneck .- .CORRECT .ANSWER-a .stage .that .limits .the .overall .output .because
.it .operates .at .maximum .capacity .(capacity .< .demand)
Non-Bottleneck .- .CORRECT .ANSWER-A .resource .with .more .capacity .than
.demand, .meaning .it .doesn't .limit .the .process
Capacity-Constrained .Resource .(CCR) .- .CORRECT .ANSWER-A .resource .that .is
.close .to .being .a .bottleneck .and .needs .careful .management .to .prevent .delays
MRP(Material .Requirements .Planning) .- .CORRECT .ANSWER-Focuses .on
.planning .production .based .on .demand .forecasts
JIT .(just .in .time) .- .CORRECT .ANSWER-Aims .to .minimize .inventory .by
.producing .only .what's .needed
Difference .between .TOC .and .(JIT .and .MRP) .- .CORRECT .ANSWER-TOC .differs
.by .focusing .on .improving .the .bottleneck .first .rather .than .optimizing .the .entire
.system.
Independent .demand .- .CORRECT .ANSWER-the .demands .for .various .items .are
.unrelated .to .each .other(finished .goods .like .cars)