Question-1
Capacity planning that involves hiring, layoffs, some new tooling, minor equipment purchases, and subcontracting is considered as which one of the following planning horizons?
Short range
Intermediate range
Long range
Current
Question-2
The centroid method for plant location uses which of the following data?
Inbound transportation costs
Transport times between facilities
Correlation matrix of existing facilities
Volume of goods to be shipped between existing points
question -3
A company can produce a small lot of products the first time at a cost of $2,000. If their 85 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 5 lots?
$10,000.00
$9,376.50
$4,031.00
$8,062.00
Question-4
A material requirements planning system is an example of which of the following scheduling systems?
Infinite loading, backward scheduling
Finite loading, backward scheduling
Infinite loading, forward scheduling
Finite loading, forward scheduling
Question-5
You want to determine the upper control line for a p-chart for quality control purposes. You take several samples of a size of 100 items in your production process. From the samples, you determine the fraction defective is 0.05 and the standard deviation is 0.01. If the desired confidence level is 99.7 percent, which of the following is the resulting UCL value for the line?
0.06
0.05
0.08
0.39
Question-6
A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following?
Focus
Straddling
Automation
Cost or price
Question-7
The Pareto principle is best applied to which of the following inventory systems?
ABC classification
Fixed-order quantity
Fixed-time-period
EOQ
Question-8
The ability to rapidly and inexpensively switch production from one product to another enables what are sometimes referred to as:
Economies of scale
Economies of shape
Economies of size
Economies of scope
Question-9
For which of the following should we use an R-chart to monitor process quality?
Deciding whether an airliner has sufficient fuel for its trip
Weighing trucks at a highway inspection station to determine if they are overloaded
Determining whether vehicles from a motor pool will run
Student grades measured from 1 to 100
Question-10
What transportation mode has very high initial investment costs but gives a very low cost per mile for products that are highly specialized and require no packaging?
Highway
Pipeline
Water
Rail
Question-11
Which of the following is an alternative possible service encounter included in the service-system design matrix?
Internet
Automated teller (ATM)
Questionnaire response
Face-to-face distance
Question-12
In setting up a kanban control system you need to determine the number of kanban card sets needed. If the expected demand during lead time is 25 per hour, the safety stock is 20 percent of the demand during lead time, the container size is 5, and the lead time to replenish an order is 5 hours, what the number of kanban card sets is needed?
5
20
30
27
Question-13
Which of the following is a multifactor measure of productivity?
Output/(Materials)
Output/All resources used
Output/Inputs
Output/(Labor + Capital + Energy)
Question-14
The objectives of work center scheduling include which of the following?
Following all the priority rules
Providing variety to workforce
Minimizing setup costs
Avoiding tradeoffs
Question-15
If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be in which of the following ranges?
60 to 120 percent
20 to 50 percent
5 to 10 percent
20 to 80 percent
Question-16
There are many applications of poka-yokes in service organizations. Which of the following is one of the three-T's used to classify poka-yokes?
Trust
Teamwork
Time
Task
Question-17
In development of an operations and supply chain strategy, which of the following may be an important product-specific criteria to consider?
Learning curve
Focus
Production lot size
Supplier after-sale support
Question-18
Which of the following is a measure of operations and supply management efficiency used by Wall Street?
Earnings per share growth
Dividend payout ratio
Current ratio
Receivable turnover
Question-19
In business forecasting, what is usually considered a medium-term time period?
Three months to two years
One to six months
Six weeks to one year
One to five years
Question-20
Which of the following is a time-to-market performance measure used in judging product development performance?
Frequency of new-product introductions
Yield
Product reliability
Customer loyalty
Question-21
Assuming no safety stock, what is the reorder point (R) given an average daily demand of 78 units and a lead time of 3 days?
78
234
421
26
Question-22
You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project, and separate project managers will be responsible for separate projects. These project managers will report to you. Which project management structure is being used?
Task force
Pure project
Functional project
Matrix project
Question-23
According to the theory of constraints, which of the following is a financial measurement that can be used to measure the firm's ability to make money?
Throughput
Sales
Net profit
Inventory
Question-24
Which of the following is a major factor that distinguishes service design and development from manufacturing design and development?
The service package is the major output of the development process.
The service package has the same legal protection available to manufactured goods.
The service process and service product can be developed independently.
Manufacturing is far more capital intensive than services.
Question-25
What is a work breakdown structure?
A Gantt chart
A list of the activities making up the higher levels of the project
A definition of the hierarchy of project tasks, subtasks, and work packages
A depiction of the activities making up a project
Question-26
Which of the following is a reason that firms must develop more new products than ever?
Product life cycles are shorter
They are replacing old customers with new ones
Commitments to joint venture partners
To amortize heavy investments in development labs
Question-27
You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a product the first time at a cost of $5,000. If their 90 percent learning curve allows them to reduce their costs on each unit, what is the total cost of producing 100 units of the new product?
$390,000
$290,700
$500,000
$250,687
Question-28
Which of the following is one of Dr. Eli Goldratt's rules of production scheduling for optimized production technology?
Balance the capacities, not the flows
An hour lost at a bottleneck saves an hour for the entire system
Utilization and activation of a resource are not the same
Do not allow bottlenecks to govern the flow of the line
Question-29
A project starts out as which of the following?
A statement of work
A series of milestones
A latest-start-time estimate
Critical path method (CPM)
Question-30
We would expect to see which of the following in an MRP system's inventory status file?
End items produced
Labor efficiency
Scrap parts
Late/early delivery records
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