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What is the net result of reducing the duration of a task
11) What is the net result of reducing the duration of a task (crashing) not on the critical path? A. Decreased project overhead costs B. Reduced likelihood of liquidated damages for late delivery C. Increased slack time associated with the task D. Reduction in the project duration 12) The idea of the value density calculation is A. finding a carrier that can handle the weight B. matching the weight of the product with an appropriate carrier C. deciding where items should be stocked geographically and how they should be shipped D. finding the minimum cost carrier 13) When designing a supply chain, A. cost vs customer service must be considered B. quality vs cost must be considered C. lead times vs payment terms must be considered D. customer service vs product customization must be considered 14) According to Hau Lee, which of the following types of products need to be delivered with efficient supply-chains? A. Custom products B. Innovative products C. Grocery products D. High technology products 15) Which of the following product promotional activities would probably help make the supply chain more efficient? A. Price promotions that expire on a specific date B. An "everyday" low price strategy where prices are not dependent on quantity delivered with a specific order C. Special packaging for a specific event that occurs one time each year D. A 2-for-1 price promotion 16) The best operating level is A. the maximum point of the cost curve B. the level of capacity for which average unit cost is minimized C. maximum capacity D. the level of capacity for which total cost is minimized 17) Capacity utilization rate can be computed as A. Capacity used – best operating level B. Capacity used x best operating level C. Capacity used / best operating level D. Capacity used + best operating level 18) The objective of __________ is to provide an approach for determining the overall capacity level of capital-intensive resources that best supports the company's long-range competitive strategy A. workforce management B. management supervision C. operations management D. strategic capacity planning 19) Lean production systems typically require A. delivery of large lots at frequent intervals B. buyer inspection of goods and materials C. multiple sources from which to purchase D. low inventory levels throughout production 20) Given that the previous forecast of 65 turned out to be four units less than the actual demand The next forecast is 66 What would be the value of alpha if the simple exponential smoothing forecast method is being used? A. 002 B. 04 C. 004 D. 025 21) Linear regression sales forecasting techniques A. work best when future sales are randomly distributed B. will not work for declining sales C. work best when sales are increasing D. will not work if future sales forecasts lie on a curve 22) What should the value of alpha be in an exponential smoothing forecast to be very responsive to recent demand? A. Large B. Small C. Negative D. Zero 23) Which of the following statements are true about time-series forecasting? A. Time series analysis employs empirical data to forecast future events B. Time series analysis is used to understand the system underlying and surrounding the item being forecast C. Under time-series methods, demand is divided into the time-based components such as daily, weekly, etc D. Time series methods are useful for long-range forecasts when the demand pattern is erratic 24) One option for altering the pattern of demand is A. hiring employees B. using overtime C. carrying inventory D. pricing 25) Aggregate planners balance A. demand and costs B. demand and inventories C. demand and capacity D. supply and inventories 26) Which of the following accurately describes a chase strategy? A. The firm produces the same amount each day over the planning period and deals with the variations in demand through the use of inventory or overtime B. The firm produces at the same level for several months, and then adjusts production to another level and produces at that level for several more months C. The firm matches its production rate to meet demand by varying the size of its workforce as demand varies D. The firm produces the same amount each day within the planning period and deals with variations in demand through the use of outsourcing partners 27) Which of the following reflects net material requirements: A. gross requirements – scheduled receipts B. gross requirements – projected available balance + scheduled receipts C. gross requirements – projected available balance - scheduled receipts D. gross requirements – scheduled releases 28) Which MRP system input element specifies how many and when the firm plans to build each end item? A. Inventory records file B. Bills of material C. Master production schedule D. Capacity planning 29) Which of the following is true about MRP Systems? A. Based on independent demand B. Lot sizing is based on Economic Order Quantity C. Demand pattern is random D. Objective is to meet manufacturing needs 30) A Material Requirements Planning (MRP) is most valuable in industries where a number of products are made in batches using the same productive equipment and with companies involving A. fabrication B. low number of units annually C. complex, expensive products D. assembly operations
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