SAIL MT ADMIN MATERIALS MCQS SET-2

<h4> <span style="font-family: Arial, Helvetica, sans-serif;">Rules for reordering can include___________</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Order when needed</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Order every month</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Order when stock falls to a predetermined level</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">All of the above</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Systems used to determine when to order are________</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Order point system and periodic review system</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Periodic review system and MRP</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">MRP and order point system</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">Order point system, periodic review system, and MRP</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">For a particular item, the average demand is 100 units a week and the lead time if four weeks. If an order is placed when there are _________ units on hand, on average, there will be enough stock on hand to last until the new stock arrives.</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">400</span></span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">100</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">300</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">1200</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Why is demand during lead time important?</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">It is the only time a stock out can occur.</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">If demand is greater than expected, there could be a stock out.</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">Both of the above</span></span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Neither of the above</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">The average inventory for a period is equal to__________</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Opening inventory plus ending inventory</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">Opening inventory plus ending inventory divided by 2</span></span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Opening inventory divided by 2, plus the ending inventory</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Ending inventory divided by 2, plus the opening inventory</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">The safety stock required depends on____________</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Variability of demand during lead time</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Frequency of reorder</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Service level desired</span></li> <li><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">All of the above</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">The most common, predictable pattern of the distribution of variation in demand is___</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">The normal or bell curve</span></span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">A bimodal distribution</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">A scatter plot distribution</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Random dispersion</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">The normal curve is described by _________________.</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">the central tendency or average</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">the variation or dispersion of the actual values about the average</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">the range of values</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">both the central tendency or average and the variation or dispersion of the actual values about the average</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">___________ is a statistical value that measures how closely the individual values cluster about the average</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: red;">Standard deviation</span></span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Dispersion</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Mean</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Variation</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Stock outs can result in___________</span></h4> <ol> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">A decrease in back-orders</span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Increased sales</span></li> <li><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Lost customers</span></span></li> <li><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">A decrease in future safety stocks</span></li> </ol> <div> <span style="font-family: Arial, Helvetica, sans-serif;"></span><br /> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> ___________ productivity depends on the type of material equipment handling used, the location and accessibility of stock, warehouse layout, stock location system, and the order-picking system used.</span></h4> <span style="font-family: Arial, Helvetica, sans-serif;"> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Labor</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Material</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Equipment</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Picking</li> </ol> </div> <h4> In receiving goods, the warehouse must_______</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Inspect goods if required</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Check for damage</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Check the goods against an order and the bill of lading</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>All of the above</span></li> </ol> </div> <h4> A record must be maintained for each item in stock showing______</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The quantity on hand and received</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>The quantity on hand, received, and issued</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The quantity on hand and issued</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The quantity received and issued</li> </ol> </div> <h4> The effective use of a warehouse is influenced by_________</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Cube utilization and accessibility</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Stock location</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Order picking and assembly</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <h4> ______________ is the use of space horizontally and vertically.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Accessibility</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Pallet positioning</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Cube utilization</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Stock location</li> </ol> </div> <h4> If fast-moving items are placed _______ the receiving and shipping area, the work of moving them in and out of storage is _____________.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>close to, increased</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">close to, reduced</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>away from, reduced</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The first and third choices above</li> </ol> </div> <h4> In a fixed-location system___________</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>An SKU is assigned a permanent location</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>No other items are stored there</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>It is possible to store and retrieve items with a minimum of record keeping</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <h4> An advantage to central storage is_______</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Increased safety stock</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>General-purpose storage can be used.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Users can carry their own safety stock.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Ease of control</span></li> </ol> </div> <h4> Inventory errors are often caused by______</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Secure stockrooms</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Trained personnel</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Authorized withdrawal of material</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Lack of audit capability</span></li> </ol> </div> <h4> Cycle counting______</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Can reduce lost production</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Can be done by all personnel, including clerical staff</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Is more concerned with correcting errors in inventory counts</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Is slow to detect problems</li> </ol> </div> </span></div> <br /> <div> <br /></div>

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Rules for reordering can include___________ Order when needed Order every month Order when stock falls to a predetermined level Al...

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SAIL MT ADMIN MATERIALS MCQS SET-1

<h4> <span style="font-family: Arial, Helvetica, sans-serif;">Formally reporting their environmental performance is good for companies for a number of reasons. Which of the following is not a good reason for environmental reporting?</span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;"> <span style="color: red;"> </span></span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">It gives them some really good publicity</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">It can attract talented staff</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">It makes the company more attractive to customers and investors</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">It reduces the chances of damaging the environment and helps to build process knowledge</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Tacit knowledge is knowledge that:</span></h4> <ol> <li><span style="color: red;"><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Includes skill, intuition and experience</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Can be written down</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Can be explained verbally</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Can be codified</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Making tacit knowledge explicit can be done by:</span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Formally combining the results of analysis</span></li> <li><span style="color: red;"><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Articulating experience into rules</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Learning from experience</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Refining knowledge through using it</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">In knowledge management terms, information is:</span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Interpreted through a process using judgement</span></li> <li><span style="color: red;"><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Data which has been analysed in terms of its context</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Interpreted through a process using values</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Objective facts independent of any context</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Which country has the largest ecological footprint?</span></h4> <ol> <li><span style="color: red;"><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">USA</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Netherlands</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">China</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">India</span></li> </ol> <div> <span style="font-family: Arial, Helvetica, sans-serif;"></span><br /> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> The objectives of inventory management are: <span class="Apple-tab-span" style="white-space: pre;"> </span></span></h4> <span style="font-family: Arial, Helvetica, sans-serif;"> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>To provide the required level of customer service</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>To reduce the sum of all costs involved</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Both of the above</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Neither of the above</li> </ol> </div> <h4> Two white shirts in the same inventory but of different sizes or styles would be ______ SKU(s).</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>one</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>two</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>four</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>eight</li> </ol> </div> <h4> A lot or batch is:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>A quantity produced together</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>A quantity sharing the same production costs</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>A quantity sharing the same production specifications</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>All of the above</span></li> </ol> </div> <h4> _________ rules specify the number of units to be ordered each time an order is placed for an individual item or SKU.</h4> <div> <ol> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>Fixed-order quantity</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Lot-for-lot</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Stock-keeping unit</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Trial-and-error</li> </ol> </div> <h4> An assumption of EOQ is:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Demand is variable.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Demand is unknown.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>An item is produced continuously.</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>An item is purchased in lots or batches.</span></li> </ol> </div> <h4> In the EOQ formula, the variable A represents:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Annual usage in units</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Ordering cost in dollars per order</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Annual carrying cost expressed as a percentage</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Unit cost in dollars</li> </ol> </div> <h4> In the EOQ formula, the variable Q represents:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Annual usage in units</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Ordering quantity in units</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Ordering cost in dollars per order</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Unit cost in dollars</li> </ol> </div> <h4> The EOQ can be calculated in:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Monetary units</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Physical units</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Both monetary and physical units</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Neither monetary nor physical units</li> </ol> </div> <h4> The period-order quantity lot-size rule is based on the same theory as the economic order quantity. It uses the EOQ formula to calculate an economic time between orders by:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Multiplying the EOQ by the demand rate</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Dividing the EOQ by the demand rate</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Summing the EOQ and the demand rate</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Subtracting the EOQ from the demand rate</li> </ol> </div> <h4> Sometimes order size is constrained by package size. For example, a supplier may ship only in skid load lots. In these cases the unit used should be the minimum package size. This represents the consideration of:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Lumpy demand</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Anticipation inventory</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Minimum order</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>Multiples</span></li> </ol> </div> </span></div> <br /> <div> <br /></div>

HOME SAIL MT ADMIN SAIL MT ADMIN MATERIALS MCQS SET-1

Formally reporting their environmental performance is good for companies for a number of reasons. Which of the following is not a good reas...

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TQM MCQ FOR MT ADMIN MATERIALS

<h4> <span style="font-family: Arial, Helvetica, sans-serif;">  The concept of total quality control, i.e. that quality must be attended to at all stages of the industrial cycle and throughout the organization, is the creation of which of the following pioneers? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>W Edwards Deming</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Joseph M Juran</span></li> <li><span style="color: red; font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Armand Feigenbaum</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Genichi Taguchi</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">  The so-called 'Quality Gurus' of total quality management (TQM) do NOT include one of the following: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Bill Cosby</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>W Edwards Deming</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Joseph M Juran</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Kaoru Ishikawa</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> The specific concerns of total quality management (TQM) include a number of aspects. Which is not normally associated with TQM? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Meeting the needs and expectations of customers</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Inclusion of every person in the organization</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Primarily a “worker” rather than a management activity</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Covering all parts of the organization</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> The preferred method for achieving total quality in process output is: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Build and install an error-proof process and maintain it</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Rely on a team of highly trained and dedicated inspectors</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Rely on operator self-inspection and self-correction</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Perform inspection at the next process</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">  Total quality management (TQM) programmes are more likely to remain effective if a number of prescriptions are followed. Which of the following prescriptions should not be followed? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">TQM should become a substitute for normal managerial leadership</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>TQM does not become a separate 'bolt-on' set of activities</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Slogans and exhortations about TQM's effectiveness are avoided</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Quality improvement relates to operation's performance objectives</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which of the following would not normally be considered as a ‘costs of quality’? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Inspection costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Internal failure costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Marketing costs</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Prevention costs</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which one of the following would normally be considered as one of the ‘costs of quality’? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Distribution costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Marketing costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Research and development costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Internal failure costs</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which one of the following would normally be considered as one of the ‘costs of quality’? </span></h4> <ol> <li><span style="color: red; font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Appraisal costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Transport costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Transaction costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Overhead costs</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which one of the following would normally be considered as one of the ‘costs of quality’? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Purchase order discounts</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Relocation costs</span></li> <li><span style="color: red; font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Appraisal costs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>The Economic Order Quantity</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which of the following would most commentators not regard as a ‘quality guru’? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>FW Taylor</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Arnaud Feigenbaum</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Philip Crosby</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Charles Handy</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which of the following would most commentators regard as one of the ‘quality gurus’? </span></h4> <ol> <li><span style="color: red; font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Joseph Juran</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Joe Pine</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Terry Hill</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  <span class="Apple-tab-span" style="white-space: pre;"> </span>Henri Gantt</span></li> </ol> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <br />

HOME SAIL MT ADMIN TQM MCQ FOR MT ADMIN MATERIALS

 The concept of total quality control, i.e. that quality must be attended to at all stages of the industrial cycle and throughout the orga...

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Planning And Control MCQ For SAIL MT ADMIN MATERIALS

<h4> <span style="font-family: Arial, Helvetica, sans-serif;">Professor David Garvin categorized quality into 5 different approaches: the transcendent, the manufacturing-based, the user based, the product based and the value based. Making sure a product or service is "fit for its purpose" is which kind of approach? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Manufacturing-based</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Transcendent</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Product based</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">User-based</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">The Operations view of Quality is "Quality is consistent conformance to customers' expectations". By this it is meant that: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The product will be seen as synonymous with innate excellence</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The product must be right every time irrespective of cost to the operation</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Anything the customer wants and desires should be provided by the organization</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">There are clear specifications consistently met which provide customers with what they would realistically believe they should receive</span></span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Using Statistical Process Charts (SPC) on a process in control, what is the number of parts that will fall outside +/- 3 standard deviations of the mean? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;"> <span style="color: red;"> </span></span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">3 per thousand</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">0</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">63 per million</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">45 per thousand</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">The various definitions of quality do NOT include: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The minimum specification approach</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The manufacturing-based approach</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The transcendent approach</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The value-based approach</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Quality control charts does not need to be investigated when: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Four consecutive points appear one side of the centre line</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Suspiciously 'average' behaviour occurs</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Two consecutive points are near the control limits</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">An apparent trend occurs in one direction</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> If a sample of parts is measured and the average of the sample measurements is in the middle of the tolerance limit, but some parts measure too low and other parts measure too high: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The process is neither capable, nor in control</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The process is in control, with only natural causes of variation</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="color: red; font-family: Arial, Helvetica, sans-serif;">The process is in control but not capable of producing within the established limits</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The process is out of control</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">The process is in control, and no further action need be taken</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Which of the following statements is correct? </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Inspection is the most cost effective way of ensuring quality</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Inspection always ensures that customers will be satisfied with goods and services</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Inspection determines the root cause of product failures</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;"> <span style="color: red;"> </span></span><span style="color: red;"><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Inspection separates acceptable from unacceptable products</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Inspection provides the management information necessary to improve processes</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;">Statistical Process Control is concerned with: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Determining the efficiency of an operations system</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Identifying the security needs of an Operations system</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Inspecting goods before despatch</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="color: red; font-family: Arial, Helvetica, sans-serif;">Measuring and controlling process variations</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Measuring the amount of re-work required to rectify faulty goods</span></li> </ol> <h4> <span style="font-family: Arial, Helvetica, sans-serif;"> Among the ‘Ten Determinants for Service Quality’ (Berry et al, 1985) are: </span></h4> <ol> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Specification and Security</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Courtesy and Comprehensiveness</span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Reliability and Reputation</span></li> <li><span style="color: red;"><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Reliability and Responsiveness</span></span></li> <li><span style="font-family: Arial, Helvetica, sans-serif;">  </span><span class="Apple-tab-span" style="font-family: Arial, Helvetica, sans-serif; white-space: pre;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">Uniqueness and Universality</span></li> </ol>

HOME SAIL MT ADMIN Planning And Control MCQ For SAIL MT ADMIN MATERIALS

Professor David Garvin categorized quality into 5 different approaches: the transcendent, the manufacturing-based, the user based, the prod...

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MATERIAL MANAGEMENT STUDY MATERIAL - MCQ FOR SAIL MT ADMIN

<div dir="ltr" style="text-align: left;" trbidi="on"> <h4> Product life cycles for many products are ________, forcing companies to not only become ________ in design but also to communicate changes and needs to suppliers and distributors. <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">shrinking rapidly, more flexible</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>shrinking rapidly, less flexible</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>growing rapidly, more flexible</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>growing rapidly, less flexible</li> </ol> <h4> All portions of the material production from __________ to ___________ are considered to be a linked chain under the supply chain concept. <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>work in process, final customer</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>raw material, work in process</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>work in process, raw material</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">raw material, final customer</span></li> </ol> <h4> To get the most profit, a company should________ <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Provide little customer service</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Provide high production costs</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Provide the lowest inventory investment</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Provide the highest distribution costs</li> </ol> <h4> Finance must keep investment and costs low. This can be done by___________ <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Increasing inventory so inventory investment is at a maximum</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Decreasing the number of plants and warehouses</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Producing small quantities</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Using short production runs</li> </ol> <h4> Today the concepts of ______ manufacturing stress the need to supply customers with what they want when they want it and to keep inventories at a _______. <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>TQM, maximum</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Six Sigma, maximum</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">JIT, minimum</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>ISO 9000, minimum<span class="Apple-tab-span" style="white-space: pre;"> </span></li> </ol> <h4> The concept of having ____ department(s) responsible for the flow of materials, from supplier through production to consumer, is relatively new.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">one</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>multiple</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>functional</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>none of the above</li> </ol> <h4> Materials management is also called____________ <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Distribution planning</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Control and logistics management</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>Both of the above</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Neither of the above</li> </ol> <h4> Materials management is a coordinating function responsible for planning and controlling materials flow. Its objective(s) is/are: <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Maximize the use of the firm's resources</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Provide the required level of customer service</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Both of the above</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Neither of the above</li> </ol> <h4> _______ and ______ are costs that increase or decrease with the quantity sold. <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Direct labor, indirect material</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Direct labor, direct material</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Indirect labor, indirect material</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Indirect labor, direct material</li> </ol> <h4> Inventory not only makes up a portion of the cost of goods sold but has to be purchased at the beginning of production to be processed into finished goods. This type of inventory is called _____________. <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">work-in-process</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>finished goods</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>raw materials</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>none of the above</li> </ol> <div> <h4> A good planning system must consider:</h4> </div> <div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>What are we going to make?</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>What does it take to make it?</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>What do we have and need?</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> _______ is the capability of manufacturing to produce goods and services.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Capacity</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Priority</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Planning</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Control</li> </ol> </div> <div> <h4> ________ is responsible for analyzing the marketplace and deciding the firm's response, the markets to be served, the products supplied, and desired levels of customer service.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Marketing</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Finance</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Production</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Engineering</li> </ol> </div> <div> <h4> ______ must satisfy the demands of the marketplace. It does so by using plants, machinery, equipment, labor, and materials as efficiently as possible.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Marketing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Finance</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Production</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Engineering</li> </ol> </div> <div> <h4> The _____________________ is a plan for the production of individual end items.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">MPS</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>JIT</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>MRP II</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>MRP</li> </ol> </div> <div> <h4> Purchasing and ___________ represent the implementation and control phase of the production planning and control system.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">production activity control (PAC)</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>material requirements planning (MRP)</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>just-in-time (JIT)</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>marketing</li> </ol> </div> <div> <h4> A _________ strategy means producing the amounts demanded at any given time.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>production leveling</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">chase</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>subcontracting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>TQM</li> </ol> </div> <div> <h4> In the _____________ environment, several product options exist (e.g., automobiles) and the customer is not willing to wait until the product is made. Therefore manufacturers produce and stock standard component parts.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>make-to-order</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">assemble-to-order</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>level production</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>make-to-stock</li> </ol> </div> <div> <h4> ____________ is the first step in a manufacturing planning and control system.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Production planning</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Achieving the forecast</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Maintaining the required inventory levels</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Maintaining the planned backlog</li> </ol> </div> <div> <h4> The cost of a _________ that is too large equals the cost of turning away business.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>production plan</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">backlog</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>resource plan</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>capacity plan</li> </ol> </div> </div> <div> <div> <h4> The MRP forms a vital link between sales and production as follows:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The MRP makes possible valid order promises.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The MRP is a plan of what is to be produced and when.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The MRP is a contract between marketing and manufacturing.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> The information needed to develop an MPR includes:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The production plan</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Forecasts for individual end items</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Actual orders received from customers and for stock replenishments.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> A schedule is satisfactory when:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Capacity is greater than the production plan</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>It doesn't specify to the plant when to start production</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Capacity is consistent with the production plan</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>It doesn't specify to the plant when to stop production</li> </ol> </div> <div> <h4> The objectives in developing an MRP include:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>To maintain the desired level of customer service by maintaining finished goods inventory levels or by scheduling to meet customer delivery requirements</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>To make the best use of material, labor, and equipment</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>To maintain inventory investment at the required levels</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> To reach its objectives, the master production schedule must:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Satisfy customer demand</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Be outside the capacity of manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Be outside the guidelines of the production plan</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Be outside both the capacity of manufacturing and the guidelines of the production plan</li> </ol> </div> <div> <h4> The first step in preparing an MPS is:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Resolve differences between the preliminary MPS and the capacity available.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Check the preliminary MRP against available capacity.</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Develop a preliminary MRP.</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Develop a rough-cut capacity plan.</li> </ol> </div> <div> <h4> Critical resources in rough-cut capacity planning include:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Bottle-neck operations</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Labor</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Critical materials</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> It is possible to increase the available capacity by:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Using fewer workers</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Scheduling overtime</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Limiting subcontracting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Rerouting away from other work centers</li> </ol> </div> <div> <h4> In the __________________ environment, many different end items are made from a small number of components.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>make-to-stock</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">make-to-order</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>assembly-to-order</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>engineer-to-order</li> </ol> </div> <div> <h4> In the __________________ environment, many end items can be made from combinations of basic components and subassemblies.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>make-to-stock</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>make-to-order</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">assembly-to-order</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>engineer-to-order</li> </ol> </div> </div> <div> <div> <h4> The sides, ends, legs, and tops of tables are ________ demand items.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">dependent</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>independent</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>forecast</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>calculated</li> </ol> </div> <div> <h4> Since _______ demand is not related to the demand for any other assemblies or products, it must be ___________.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>dependent, forecast</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>dependent, calculated</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>independent, forecast</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">independent, calculated</span></li> </ol> </div> <div> <h4> All major inputs to the MRP system include:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Master production schedule and bill of material</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Bill of material and inventory records</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Inventory records and master production schedule</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Master production schedule, inventory records, and bills of material</span></li> </ol> </div> <div> <h4> The ___________ is a statement of which end items are to be produced, their quantity, and the dates they are to be completed.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>MRP</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">MPS</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>inventory record</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>bill of materials</li> </ol> </div> <div> <h4> The bill of materials shows all the parts required to make __________.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">one item</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>the MPR</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>work-in-process inventory</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>raw materials inventory</li> </ol> </div> <div> <h4> A _________ is used when companies usually make more than one product and the same components are often used in several products.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>single-level bill</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">multiple bill</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>multilevel bill</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>product tree</li> </ol> <div> <h4> Financially, inventories are very important to manufacturing companies and represent _________ of total assets on the balance sheet.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>10% to 45%</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>25% to 40%</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>20% to 60%</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>50% to 80%</li> </ol> </div> <h4> __________ are purchased items received that have not entered the production process. They include purchased materials, component parts, and sub-assemblies.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Raw materials</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Work-in-process</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Finished goods</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>MRO supplies</li> </ol> </div> <h4> ___________ include hand tools, spare parts, lubricants, and cleaning supplies. <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Raw materials</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Work-in-process</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Finished goods</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">MRO supplies</span></li> </ol> </div> <h4> Inventory serves as a buffer between:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Supply and demand</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Finished goods and component availability</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Customer demand and finished goods</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>All of the above</span></li> </ol> </div> <h4> __________ inventory is held to cover random unpredictable changes in supply and demand or lead time.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Anticipation</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>Fluctuation</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Lot-size</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Transportation</li> </ol> </div> <h4> _______is a measure of customer service.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Percentage of orders shipped on schedule</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Percentage of line items shipped on schedule</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Order-days out of stock</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>All of the above</span></li> </ol> </div> <h4> Storing inventory requires ___________________ and as inventory increases, so do these costs.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>space and workers</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>workers and equipment</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>space and equipment</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">space, workers, and equipment</span></li> </ol> </div> <h4> Liabilities are obligations or amounts owed by a company and include:</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Accounts payable</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Wages payable</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Long-term debt</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <h4> The risks in carrying inventory are: <span class="Apple-tab-span" style="white-space: pre;"> </span></h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Obsolescence and damage</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Damage and pilferage</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Pilferage and deterioration</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>Obsolescence, damage, pilferage, and deterioration</span></li> </ol> </div> <h4> ________ is the costs incurred in the process of making revenue.</h4> <div> <ol> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Income</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Cost of goods sold</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Expenses</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Retained earnings</li> </ol> </div> </div> </div> <div> <h4> A(n) _____________ lists all the parts needed to make one complete assembly.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">summarized parts list</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>indented bill</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>multilevel bill</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>single-level bill</li> </ol> </div> <div> <h4> ___________ is the process of multiplying the requirements by the usage quantity and recording the appropriate requirements throughout the product tree.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Offsetting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Planning orders</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Lead time</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Exploding</span></li> </ol> </div> <div> <h4> _______________ means that authorization is given to purchasing to buy the necessary material or to manufacturing to make the component.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Planned order release</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Releasing an order</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Scheduled receipts</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Open orders</li> </ol> </div> <div> <h4> ____________ are orders placed on manufacturing or on a vendor and represent a commitment to make or buy.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Planned order releases</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Releasing orders</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Scheduled receipts</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Open orders</li> </ol> </div> </div> <div> <div> <h4> ______________involves long-range capacity resource requirements and is directly linked to production planning.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Resource planning</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>MRP</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Capacity requirements planning</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Rough-cut capacity planning</li> </ol> </div> <div> <h4> Resource planning involves changes in staffing, capital equipment, product design, or other facilities that take a ________ time to ___________.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>short, acquire and eliminate</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">long, acquire and eliminate</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>short, utilize and change</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>long, utilize and change</li> </ol> </div> <div> <h4> The inputs needed for a CRP include:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Open shop orders</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Planned order released</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Routings</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> The Gregorian calendar:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Has an equal number of days per month</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Spreads holidays evenly throughout the year</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Works on a decimal base</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Presents problems for manufacturing planning and control</span></li> </ol> </div> <div> <h4> Capacity needs to be measured:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>At the machine or individual worker level</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>At the work center level</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>At the plant level</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> </div> <div> <h4> _____________ is the number of hours a work center can be used.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Demonstrated capacity</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Rated capacity</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Available hours</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Utilization</li> </ol> </div> <div> <h4> Rated capacity is calculated by taking into account the work center ___________.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">utilization and efficiency</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>utilization and demonstrated capacity</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>efficiency and production</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>efficiency and demonstrated capacity</li> </ol> </div> <div> <h4> The term _____________means that the work center is overloaded and the term ________________ means the work center is under loaded.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>undercapacity, overcapacity</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">overcapacity, under capacity</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>overcapacity, utilization</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>utilization, under capacity</li> </ol> </div> <div> <h4> In the _________ run, capacity ________ be adjusted.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">short, can</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>short, cannot</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>long, cannot</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>none of the above</li> </ol> </div> <div> <h4> If the workload in a manufacturing plan cannot be changed, an alternative is to:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Schedule overtime</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Schedule undertime</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Adjust the workforce by hiring</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> <div> <div> <h4> ______________is concerned with the production of high-volume standard products.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Flow manufacturing</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Intermittent manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Product manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>All of the above</li> </ol> </div> <div> <h4> Routings are fixed and work centers are arranged according to the routing in ________________.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">flow manufacturing</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>intermittent manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>product manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>all of the above</li> </ol> </div> <div> <h4> Flow of work through the shop is varied and depends on the design of a particular product. In _____________, as orders are processed, they will take more time at one workstation than at another. Thus, the work flow is not balanced.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>flow manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">intermittent manufacturing</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>product manufacturing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>all of the above</li> </ol> </div> <div> <h4> An example of project manufacturing is:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Gasoline</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Automobiles</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Appliances</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Large shipbuilding</span></li> </ol> </div> <div> <h4> The __________________ contains a list of the single-level components and quantities needed to assemble a parent item.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>work center master file</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>item master file</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">product structure file (bill of material file)</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>routing file</li> </ol> </div> <div> <h4> The _________________ collects all of the relevant data on a work center.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">work center master file</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>item master file</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>product structure file (bill of material file)</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>routing file</li> </ol> </div> <div> <h4> Each active manufacturing order has a record in the _____________________.</h4> </div> <div style="text-align: left;"> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>work center master file</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>item master file</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>product structure file (bill of material file)</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">shop order master file</span></li> </ol> </div> <div> <h4> _________ is the amount of time the job is waiting at a work center before an operation begins.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Queue time</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Setup time</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Run time</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Wait time</li> </ol> </div> <div> <h4> The transit time between work centers is ____________.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>setup time</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>run time</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>wait time</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">move time</span></li> </ol> </div> <div> <h4> _______________ is a method of reducing manufacturing lead time. The order is split into two or more lots and run on two or more machines simultaneously.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Operation overlapping</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Operation splitting</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Infinite loading</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Backward scheduling</li> </ol> <div> <div> <h4> On average, manufacturing firms spend about ________ of their sales dollars on the purchase of raw materials, components, and supplies.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>20%</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">50%</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>30%</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>40%</li> </ol> </div> <div> <h4> The objectives of purchasing include:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Obtaining the goods and services at the highest price</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Obtaining goods and services of the lowest quality</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Ensuring the best possible service and prompt delivery by the supplier</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Obtaining goods and services at any quantity</li> </ol> </div> <div> <h4> A ________________ is a legal offer to purchase.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>quotation</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">purchase order</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>receiving order</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>supplier's invoice</li> </ol> </div> <div> <h4> When the supplier's invoice is received, the following should agree:</h4> </div> <div> <ul style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">The purchase order, the receiving report, and the invoice</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The purchase order, the work order, and the production report</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The receiving report, the quotation, and the material specification</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>The material specification, the purchase requisition, and the invoice</li> </ul> </div> <div> <h4> In purchasing an item or service from a supplier, which factor is not included when specifications are being developed?</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Delivery requirement</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Quantity requirements</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Price requirements</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Functional requirement</li> </ol> </div> <div> <h4> ________ is the systematic use of techniques that identify a required function, establish a value for that function, and finally provide the function at the lowest overall cost.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Cost analysis</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Functional analysis</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Value analysis</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Functional specifications</li> </ol> </div> <div> <h4> _______ is most often used in wholesale or retail businesses but is also used extensively in manufacturing.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Description by brand</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Description by specification</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Description by function</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Description by buyer</li> </ol> </div> <div> <h4> ___________specifications and standard specifications are the two major sources of specifications or ways of describing a product.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Functional</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Buyer</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Marketing</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Production</li> </ol> </div> <div> <h4> ______ sourcing is the use of more than one supplier for an item.</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Single</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Multiple</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Sole</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Engineering</li> </ol> </div> <div> <h4> Materials such as copper, coal, wheat, meat, and metals are:</h4> </div> <div> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Standard products</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Items of small value</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Made-to-order items</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Commodities</span></li> </ol> </div> </div> </div> </div> <div> <h4> _______________ occurs when a customer's order is received.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Demand management</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Forecasting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Random variation</li> <li><span style="color: red;"><span class="Apple-tab-span" style="white-space: pre;"> </span>Order processing</span></li> </ol> <h4> Trends:</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Are level</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Have no change from period to period</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Can rise or fall</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">All of the above</span></li> </ol> <h4> ______________ is usually thought of as occurring on a yearly basis, but it can also occur on a weekly or even daily basis.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Seasonality</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Random variation</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>A cycle</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>A trend</li> </ol> <h4> Over a span of several years and even decades, wavelike increases and decreases in the economy influence demand and are called _________.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>seasonality</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>random variation</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">cycles</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>trends</li> </ol> <h4> ______________ demand items need to be forecast.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Independent</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Dependent</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Both independent and dependent</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Neither independent nor dependent</li> </ol> <h4> The near future holds _____ uncertainty than (as) the far future.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">less</span></li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>more</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>the same</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>all of the above</li> </ol> <h4> _______________ techniques are projections based on judgment, intuition, and informed opinions.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Extrinsic forecasting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Quantitative forecasting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Intrinsic forecasting</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Qualitative forecasting</span></li> </ol> <h4> The Delphi method:</h4> <ol style="text-align: left;"> <li><span style="color: red;">Uses a panel of experts who give their opinion on what is likely to happen</span></li> <li>Consists of projections based on external indicators that relate to the demand for a company's products</li> <li>Uses economic indicators, such as housing starts and gasoline consumption, to forecast demand</li> <li>Uses historical data to forecast demand</li> </ol> <h4> Products likely to have seasonal or periodic demand patterns include:</h4> <ol style="text-align: left;"> <li>Toilet paper and paper towels</li> <li>Toothpaste and deodorant</li> <li><span style="color: red;">Skis and lawnmowers</span></li> <li>Milk and meat</li> </ol> <h4> ______________ exists when the cumulative actual demand varies from the cumulative forecast.</h4> <ol style="text-align: left;"> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Forecast error</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Random variation</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span>Mean absolute deviation</li> <li><span class="Apple-tab-span" style="white-space: pre;"> </span><span style="color: red;">Bias</span></li> </ol> </div> <div> <br /></div> <div> <span style="color: red;"><br /></span></div> </div> </div> <div> <br /></div> </div>

HOME SAIL MT ADMIN MATERIAL MANAGEMENT STUDY MATERIAL - MCQ FOR SAIL MT ADMIN

Product life cycles for many products are ________, forcing companies to not only become ________ in design but also to communicate change...

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