GSCM206 January 2019 Week 6 Quiz Latest

GSCM206 Managing Operations Across the Supply Chain
Week 6 Quiz
Question 1
(TCO 11) Which of the following statements about ABC analysis is false?
  ABC analysis is based on the presumption that controlling the few most important items produces the vast majority of inventory savings.
  In ABC analysis, A items are tightly controlled, have accurate records, and receive regular review by major decision makers.
  In ABC analysis, C items have minimal records, periodic review, and simple controls.
  ABC analysis is based on the presumption that all items must be tightly controlled to produce important cost savings.
  All of the above
Question 2
(TCO 11) ABC analysis divides on-hand inventory into three classes, generally based upon
  item quality.
  unit price.
  the number of units on hand.
  annual demand.
  annual dollar volume.
Question 3
(TCO 11) Which of the following is not an assumption of the economic order quantity model shown below?
Q* =
  Demand is known, constant, and independent.
  Lead time is known and constant.
  Quantity discounts are not possible.
  Production and use can occur simultaneously.
  The only variable costs are setup cost and holding (or carrying) cost.
 
Question 4
(TCO 11) A certain type of computer costs $1,000, and the annual holding cost is 25%. Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity?
  16
  70
  110
  183
  600
Question 5
(TCO 11) Demand for a given item is said to be dependent if
  it originates from the external customer.
  there is a deep bill of material.
  the finished products are mostly services (rather than goods).
  there is a clearly identifiable parent.
  the item has several children.
Question 6
(TCO 10) Dependent demand and independent demand items differ in that
  for any product, all components are dependent-demand items.
  the need for independent-demand items is forecast.
  the need for dependent-demand items is calculated.
  All of the above
  None of the above
Question 7
(TCO 10) A master production schedule specifies
  the raw materials required to complete the product.
  what component is to be made and when.
  what product is to be made and when.
  the labor hours required for production.
  the financial resources required for production.
Question 8
(TCO 10) The following table is an example of a(n)
                Week 1 Week 2 Week 3 Week 4 Week 5
Clothes Washer                               200                        100        
Clothes Dryer    300         100         100                        100
Upright Freezer                                               200         500        
  aggregate plan.
  load report.
  master production schedule.
  capacity plant.
  inventory record.
Question 9
(TCO 10) A bill of material lists the
  times needed to perform all phases of production.
  production schedules for all products.
  components, ingredients, and materials required to produce an item.
  operations required to produce an item.
  components, ingredients, materials, and assembly operations required to produce an item.
Question 10
(TCO 10) The bill of material contains information necessary to
  place an order to replenish the item.
  calculate quantities on hand and on order.
  convert net requirements into higher level gross requirements.
  convert gross requirements into net requirements.
  convert (explode) net requirements at one level into gross requirements at the next level.