Strayer BUS 430 Quiz 7 – OPERATIONS MANAGEMENT (latest 2014)

Course Operations ManagementTest Quiz 7 Instructions This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 12. The second 15 questions cover the material in Chapter 13. Be sure you are in the correct Chapter when you take the quiz.• Question 1 Which is not an advantage of the periodic review system? • Question 2 For the single-period inventory model, solving for the optimal order quantity involves using • Question 3 Demand that varies over time is called ____. • Question 4 Backorders ____. • Question 5 Average inventory in the EOQ model is defined as • Question 6 “The inability to satisfy the demand for an item” is the definition of a• Question 7 Costs associated with inspecting, unpacking and putting into storage incoming inventory are components of ____ cost. • Question 8 Demand that is stable over time is called ____. • Question 9 Independent demand • Question 10 Which of the following is not a key assumption underlining the classic economic order quantity (EOQ) model? • Question 11 Additional inventory kept over and above the average amount required to meet demand is called ____ inventory. • Question 12 Which of the following is not a key input to a single period inventory model? • Question 13 Inventory that represents partially completed products waiting further processing is called ____ inventory. • Question 14 Inventory that acts as a buffer between workstations in flow shops or departments in job shops is called ____ inventory. • Question 15 Inventory position is computed using all the following except • Question 16 If a work center load report indicates insufficient capacity, options for correcting the problem include all of the following except • Question 17 Promotion of weekly discount airfares by an airline would be an example of ____. • Question 18 Which lot sizing rule might use the EOQ calculation? • Question 19 ____ are the total demand for an item derived from all of its parents. • Question 20 The primary output of an MRP system is a time-phased report that gives all of the following except • Question 21 An inventory item can be • Question 22 Which aggregate planning strategy generally would result in the least amount of inventory? • Question 23 The Lot-for-Lot (LFL) rule • Question 24 Which lot sizing rule is best when inventory carrying costs are high and setup/order costs are low? • Question 25 Which of the following is not correct regarding aggregate planning? • Question 26 Capacity requirements are computed by multiplying the number of units scheduled for production at a work center by • Question 27 The direct inputs to material requirements planning include all of the following except • Question 28 Which of the following is not an aggregate planning decision option? • Question 29 Setting order sizes and schedules for individual subassemblies and resources by week or day fits best with which level of the generic framework for resource planning? • Question 30 Assigning people to tasks, setting priorities for jobs and scheduling equipment fits best with which level of the generic framework for resource planning?

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