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The quantity that equates the cost of making a product to the cost of buying the product
is generally called what?
a) Neutrality point
b) Point of equality
c) Indifference point
d) Point of optimality
e) No such point can exist.
The first unit of a product took 400 hours to complete. If an 80% learning curve is
expected, how long will it take to complete the first 18 units?
a) 157.6 hours
b) 163.8 hours
c) 400.0 hours
d) 3886.4 hours
e) 7200.0 hours
Locating close to customers is least important for ______________________.
a) bakeries
b) movie theaters
c) flower shops
d) diamond mines
e) gas stations
Suppose that in week 1 a company produced 1000 units using 60 labor hours. For
which of the following values in week 2 would labor productivity decrease?
a) units = 2000, hours = 120
b) units = 1500, hours = 95
c) units = 1000, hours = 58
d) units = 500, hours = 30
e) units = 2000, hours = 100
Which of the following is not characteristic of a project?
a) has a life cycle
b) uses no resources
c) involves a unique, one-time event
d) consists of several tasks
e) typically some activities may be done simultaneously
What is an extension of an intranet to include suppliers and customers called?
a) supply chain net
b) supernet
c) supranet
d) extranet
e) intranet++
The theoretical minimum number of stations is the number of workstations that would
be needed if:
a) all stations were balanced.
b) all task times were the same.
c) the line was 100% efficient.
d) every task had a separate station.
e) the company had no absenteeism.
The first unit of a product took 80 hours to complete. If a 75% learning curve is
expected, how long will the 22nd unit take to complete?
a) 22.2 hours
b) 751.0 hours
c) 25.3 hours
d) 80.0 hours
e) 1760.0 hours
For product W, a firm has an annual holding cost percentage of 20%, an ordering cost
of $110 per order, and annual demand of 15,000 units. The following price schedule
applies to the firm's purchases.
What is the optimal order quantity?
a) 251
b) 501
c) 696
d) 751
e) 812
Jim-O's fast focus restaurant is opening up a new branch. Based on demand forecast the
following service personnel levels are anticipated. What is the number of employees
needed for Thursday-Friday pair?
a) 7
b) 9
c) 10
d) 11
e) 12
All of the following are detailed by the aggregate plan except for?
a) purchases of components from vendors
b) the aggregate production rate
c) subcontracting
d) the amount of overtime authorized
e) back ordering of customer orders
The Internet developed from a government network called ARPANET, which was
created in 1969 by _____.
a) Japanese scientists
b) the EPA
c) the U.S. Defense Department
d) NSF
e) ISO
Which of the following is not an assumption of priority rules?
a) There is no variability in the setup time.
b) There is no variability in the run time of the job.
c) Multiple jobs are waiting to be processed.
d) Only a single job is waiting to be processed.
e) None of these answer choices are correct.
What type of aggregate plan maintains a constant workforce and produces the same
amount of product in each time period?
a) uniform
b) level
c) chase
d) mixed
e) steady
Which of the following is not a resource that might not be included in deciding a
facility layout?
a) desk
b) work center
c) telephone switch
d) work center
e) person
What occurs when a customer enters a waiting line but decides to exit before being
served?
a) balking
b) walking
c) reneging
d) vacillating
e) jockeying
When do rationing and shortage gaming occur?
a) Supply exceeds demand.
b) Demand exceeds supply.
c) Government contracts are awarded.
d) Transportation workers go on strike.
e) Marginal revenue exceeds marginal cost.
More times than not, modelers tend to ignore making the model flexible because:
a) they don't know how.
b) it takes too much time.
c) it provides little benefit.
d) they believe the model is a onetime use item.
e) they want to keep the model modification control to themselves.
What are the two types of control charts for variables?
a) p and c
b) x-bar and p
c) x-bar and R
d) R and c
e) p and R
Assigning tasks to workstations is known as __________________.
a) offsetting the line
b) harmonizing the line
c) stabilizing the line
d) balancing the line
e) counterbalancing the line
An error in replenishment ordering can result from a(n)
_____________________________.
a) inaccuracy in the inventory records file
b) breakdown of equipment
c) expediting of an order
d) circumstance of working excessive overtime
e) error in accounts receivables
The cumulative lead time is _______________________________.
a) the sum of the lead times for all the components
b) the sum of the lead time and the safety time
c) the number of time buckets used in the MRP
d) the longest route in terms of time from the low level items to the end item in the
product structure tree
e) lead time less the safety time
What is CAD short for?
a) conceptually appropriate design
b) computer aided design
c) commercial applications design
d) competitive advantage design
e) completely automated design
What process capability index (Cp) value implies that the process 'exceeds minimal
capability?'
a) 0
b) < 1
c) = 1
d) > 1
e) 6
Histograms report the ________________________ of a variable's observed values.
Describe what process flow analysis is.
Operations strategy is a long range plan for the design and use of resources in support
of ________________________
After running a Linear Program in Excel Solver, what message do you hope to see in
the 'Solver Results' box?
In crashing a project you first consider _______________ activities on the _______.
Name three kinds of B2B e-commerce: ______________________,
______________________, ______________________.
Name some sources for ideas for new products.
What are the steps involved in developing the aggregate plan?
What are the benefits of JIT?
