Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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The process of reviewing schedules to determine feasibility and to estimate
future performance measures is called
a. | Schedule generation | b. | Automated scheduling | c. | Schedule
evaluation | d. | Schedule optimization |
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2.
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Which of the following is not an aggregate planning decision
option?
a. | Promotion and advertising | b. | Subcontracting | c. | Layoffs | d. | Building a new
plant |
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3.
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Which aggregate planning strategy generally would result in the least amount of
inventory?
a. | Level | b. | Chase | c. | Mixed | d. | Lot-for-Lot
(LFL) |
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4.
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A ____ is a statement of how many finished items are to be produced and when
they are to be produced.
a. | Aggregate Plan | b. | Master Production Schedule | c. | Material
Requirements Planning | d. | Shop Floor
Control |
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5.
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An inventory item can be
a. | Only a parent | b. | Only a component | c. | Both a parent and a
component | d. | Neither a parent or a component |
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6.
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____ is/are the total demand for an item derived from all of its parents.
a. | An explosion | b. | Gross requirements | c. | Scheduled
receipts | d. | Lot sizing |
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7.
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Time buckets
a. | Are the same as planning horizons | b. | Can be set at a day for longer term
planning | c. | Larger buckets are used as the planning horizon gets longer | d. | Cannot be
“bucketless” |
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8.
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Lot-for-Lot (LFL)
a. | Minimizes purchase or setup costs | b. | Is best used for low inventory carrying costs
and high purchase order costs | c. | Is best applied when inventory carrying costs
are high and setup/order costs are low | d. | Masks the true nature of dependent
demand |
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9.
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Which is the most comprehensive solution for a firm if a load report shows not
enough capacity is available?
a. | Find more capacity | b. | Change the master product
schedule | c. | Change both the master production schedule and add capacity | d. | Rerun
MRP |
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10.
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The purpose of aggregate planning is to
a. | Minimize the work force size | b. | Maximize the production
rate | c. | Minimize the cost of meeting demand | d. | Optimize the inventory
level |
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11.
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A company currently has no items in inventory. The demand for the next four
months is 200, 400, 250 and 350 units. Determine the level production rate if a level strategy is
selected with the goal of ending Period 4 with 100 units in inventory.
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12.
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Using a fixed inventory system, as the reorder point r
increases
a. | Safety stock increases | b. | Safety stock decreases | c. | The number of orders
increases | d. | The number of orders decreases |
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13.
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The EOQ model
a. | Is very sensitive | b. | Is relatively flat (shallow) around the
minimum | c. | Balances holding costs and stockout costs | d. | Allows for variable
demand |
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14.
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Which of the following is least related to a pull system?
a. | Enterprise Resource Planning (ERP) | b. | Final assembly schedule | c. | Real time
information | d. | Sales rate |
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15.
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A withdraw Kanban
a. | Authorizes production | b. | Authorizes suppliers to
produce | c. | Authorizes the transfer of an empty container | d. | Authorizes shipping
to customers |
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