Bsbwor501 Final Exam
Basics Exam 1.
1. Which of the following strategies produces the longest lead-time?
a. Make to order
b. Engineer to order
c. Make to stock
d. Assemble to order
2. Which of the following statements s true?
a. A product layout creates longer lead-time than a process layout.
b. There is less WIP inventory in a product layout.
c. Overhead costs are higher n a product layout.
d. Capital equipment costs are typically higher in a process layout.
3. The objective of maximising customer service is easiest met with:
a. Low inventors and low operational costs
b. High inventors and high operational costs
c. Low inventors and high operational costs
d. High inventors and low operational costs
4. Which of the following statements …show more content…
Stability
6. Which of the following statements about forecasting is false:
a. History is always taken into account.
b. History is a valid indicator of future demand.
c. Forecasts by individual product will be less accurate than forecasts for groups of products.
d. Short-term forecasts will be more accurate than long-term forecasts.
7. The decision on what to forecast will be based upon:
a. The length of the forecast horizon.
b. The purpose of the forecast
c. The availability of information.
d. The time available to make the forecast.
8. Monitoring the forecast involves:
a. Comparing shipments with the forecast
b. Comparing customer requirements with the forecast
c. Calculating the standard deviation of the forecast
d. Choosing a new forecasting method if the error is too large.
9. Which production planning strategy will create inventory to match supply with demand?
I. Level strategy
II. Chase strategy
III. Hybrid strategy
a. I and II only
b. I and III only
c. II and III only
d. I II and III
10. What will be the resultant inventory from the 6-month production plan if the opening inventory is 500 units, sales are forecasted to be 700 per month and production is set at 750 per month?
a.
1. Which of the following strategies produces the longest lead-time?
a. Make to order
b. Engineer to order
c. Make to stock
d. Assemble to order
2. Which of the following statements s true?
a. A product layout creates longer lead-time than a process layout.
b. There is less WIP inventory in a product layout.
c. Overhead costs are higher n a product layout.
d. Capital equipment costs are typically higher in a process layout.
3. The objective of maximising customer service is easiest met with:
a. Low inventors and low operational costs
b. High inventors and high operational costs
c. Low inventors and high operational costs
d. High inventors and low operational costs
4. Which of the following statements …show more content…
Stability
6. Which of the following statements about forecasting is false:
a. History is always taken into account.
b. History is a valid indicator of future demand.
c. Forecasts by individual product will be less accurate than forecasts for groups of products.
d. Short-term forecasts will be more accurate than long-term forecasts.
7. The decision on what to forecast will be based upon:
a. The length of the forecast horizon.
b. The purpose of the forecast
c. The availability of information.
d. The time available to make the forecast.
8. Monitoring the forecast involves:
a. Comparing shipments with the forecast
b. Comparing customer requirements with the forecast
c. Calculating the standard deviation of the forecast
d. Choosing a new forecasting method if the error is too large.
9. Which production planning strategy will create inventory to match supply with demand?
I. Level strategy
II. Chase strategy
III. Hybrid strategy
a. I and II only
b. I and III only
c. II and III only
d. I II and III
10. What will be the resultant inventory from the 6-month production plan if the opening inventory is 500 units, sales are forecasted to be 700 per month and production is set at 750 per month?
a.