One of the basic purposes of inventory analysis in manufacturing and stockkeeping
services is to specify when items should be ordered.
Answer:
At some point, the size of a growing plant can become too large and diseconomies of
scale become a capacity planning problem.
Answer:
Time fences increase productivity by reducing the time spent waiting for each product
to be produced.
Answer:
One of the assumptions made using CPM is that project activity sequence relationships
can be specified and networked.
Answer:
Learning curves only estimate the learning rates of individuals.
Answer:
A productive asset becomes obsolete when it reaches the end of its estimated productive
life.
Answer:
The critical path of activities in a project is the sequence of activities that form the
shortest chain in a project network of activities.
Answer:
AQL stands for accepting questionable lots in production quality management.
Answer:
JIT is an integrated set of activities designed to achieve high-volume production using
minimal inventories of parts that arrive at the workstation exactly when they are
needed.
Answer:
When a make-to-order production process is used, production is based on forecasts.
Answer:
JIT requires a stable production Level. When compared to synchronous manufacturing
this is viewed as a negative aspect of JIT.
Answer:
An example of assignable variation in a production system may be that a machine is not
adjusted properly.
Answer:
You have just computed a Z=2.55 in a CPM analysis of a critical path for a project.
Based on this Z value what is the probability of completing this project on time?
A.0.76543
B.0.67543
C.0.99061
D.0.99461
E.You cannot tell based on the information given
Answer:
Which of the following are used to describe the degree of error?
A.Weighted moving average
B.Regression
C.Moving average
D.Focus forecast
E.Mean absolute deviation
Answer:
If there are 400 total defects from 8 samples, each sample consisting of 20 individual
items in a production process, which of the following is the fraction defective that can
be used in a “p” chart for quality control purposes?
A.400
B.160
C.2.5
D.1.0
E.0.4
Answer:
In Outsourcing which of the following internal activities and decision responsibilities
can not be transferred to outside contractors?
A.Activities involving people
B.Activities involving facilities
C.Activities involving equipment
D.Activities involving shareholders
E.Activities involving technology
Answer:
Which of the following inventory systems forces a review of the inventory Level at a
fixed frequency (such as weekly) and orders replacement supply if the Level has
dropped below some amount?
A.ABC analysis
B.Optional replenishment system
C.Fixed-order quantity
D.Two-bin system
E.Fixed time period
Answer:
In the service-system design matrix, an internet and on-site technology service
encounter is expected to have which of the following?
A.High sales opportunity
B.High degree of customer/server contact
C.Low production efficiency
D.High production efficiency
E.None of the above
Answer:
Which of the following forecasting methodologies is considered a causal forecasting
technique?
A.Box Jenkins Technique
B.Weighted moving average
C.Leading indicators
D.Historical analogy
E.Focus forecasting
Answer:
Which of the following is an organizationally-driven reason for outsourcing?
A.Improve operating performance
B.Give employees a stronger career path
C.Generate cash by transferring assets to the provider
D.Turn fixed costs into variable costs
E.Transform the organization
Answer:
Which of the following is the net requirement using an MRP program if the gross
requirement is 1,000 and the inventory on hand is 500?
A.1,000
B.950
C.500
D.400
E.350
Answer:
A material requirements planning system is an example of which of the following
scheduling systems?
A.Infinite loading, backward scheduling
B.Finite loading, backward scheduling
C.Infinite loading, forward scheduling
D.Finite loading, forward scheduling
E.None of the above
Answer:
Which of the following is not an analytical tool used in six-sigma quality improvement
programs?
A.Flowcharts
B.Run charts
C.Control charts
D.Pareto diagrams
E.Shengo diagrams
Answer:
Which of the following is primarily used to help design products that will connect
product attributes with customer desires?
A.Phase 0: Planning
B.House of quality matrix
C.Value analysis/value engineering
D.Concurrent engineering
E.System-level design
Answer:
Which of the following is not a category reported in applying for the Baldrige Award?
A.Corporate leadership
B.Use of statistical quality control tools
C.Business results
D.Consumer and market focus
E.Strategic planning
Answer:
You have just timed a person doing a job a four times. The first time it took the person
120 minutes, the second time it took 90 minutes, the third time it took 76.1 minutes and
the fourth time it took 67.5 minutes. Which Learning Curve Unit Improvement Factor
should you use?
A.25 percent
B.75 percent
C.80 percent
D.85 percent
E.90 percent
Answer:
Using the formula from Supplement A that computes the cost of common stock as part
of figuring the cost of capital, which of the following is the cost of common stock
percentage to be applied to the cost of capital calculation if a company’s dividend per
share is $30, net value is $120 and the dividend growth rate is 20 percent?
A.45 percent
B.25 percent
C.20 percent
D.19.5 percent
E.16 percent
Answer:
Which of the following is not a characteristic of a well-designed service system?
A.Robust
B.Cost-effective
C.Puts customers in charge
D.User-friendly
E.Effectively links “front office” with “back office”
Answer:
Which of the following depreciation methods determine the annual amount to be
depreciated by using the formula: [(Cost ‘“ Salvage value)/Estimated useful life]?
A.Straight-line
B.Sum-of-the-years’-digits
C.Declining-balance
D.Depreciation-by-use
E.Life-line
Answer:
You have been placed in charge of a large project. Shortened communication lines are
required to insure quick resolution of problems as they arise. You recognize that the
project is going to take a lot of time and require a lot of team pride, motivation and
commitment by all members. Which project management structure should you use in
this situation?
A.Pure Project
B.Task force
C.Matrix Project
D.Functional Project
E.PERT
Answer:
A company wants to determine how many units of each of two products, A and B, they
should produce. The profit on product A is $50 and the profit on product B is $45.
Applying linear programming to this problem, which of the following is the objective
function if the firm wants to make as much money as possible?
A.Minimize Z = 50 A + 45 B
B.Maximize Z = 50 A + 45 B
C.Maximize Z = A + B
D.Minimize Z = A + B
E.Maximize Z = A/45B + B/50A
Answer:
“Drilling down”, in the context of the information warehouse, means getting an
increasingly detailed and focused view of aggregated data.
Answer:
If you have an optimistic time of 4 weeks, a most likely time of 6 weeks and a
pessimistic time of 8 weeks on an activity in a CPM managed project, what is the
expected time for this activity?
A.4 weeks
B.5 weeks
C.6 weeks
D.7 weeks
E.8 weeks
Answer:
The total output from a production system in one day is 900 units and the total labor
necessary to produce the 900 units is 900 hours. Using the appropriate productivity
measure, what is the resulting productivity ratio?
A.1.000
B.1.428
C.0.700
D.0.411
E.None of the above
Answer:
Uniform plant loading means smoothing the production flow to dampen schedule
variation. This practice is also known by which Japanese name?
Answer:
A work center has five jobs assigned to it. They are labeled, in the order of their arrival
in the shop, as jobs A, B, C, D and E. The work center may work on only one job at a
time and must complete any job it starts before starting another job. Job A has a
processing time of 6 days and is due to the customer in 9 days. Job B has a processing
time of 2 days and is due in 16 days. Job C has a processing time of 4 days and is due in
10 days. Job D has a processing time of 3 days and is due in 7 days. Job E has a
processing time of 5 days and is due in 12 days. Using the first-come-first-served
priority rule, in what order should these jobs be undertaken?
Answer:
What are the four major “procurement and logistics” functions handled by the
operations segment of SAP AG’s R/3 ERP software?
Answer:
Numerically controlled machines, machining centers and industrial robots are examples
of which category of technological advance?
Answer:
Name four methods of quantitative analysis that are useful in making the facility
location decision.
Answer:
Distinguish between forward scheduling and backward scheduling?
Answer:
A company has calculated its running sum of forecast errors to be 1,000 and its tracking
signal is 50. What is the company’s mean absolute deviation?
Answer:
What are the five methods of depreciation discussed in the textbook?
Answer:
A single toll booth on a one-lane bridge is which type of queuing system line structure?
Answer:
Name the four major modules in SAP AG’s R/3 software?
Answer: