Question Page 1 Question 1.1.(TCO 1) Define product package.(Points : 5)

25 May Question Page 1 Question 1.1.(TCO 1) Define product package.(Points : 5)

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Question 1.1.(TCO 1) Define product package.(Points : 5)

The exterior wrapping
The shipping container
A combination of goods and services
Goods in a manufacturing organization
Customer relations in a service organization

Question 2.2.(TCO 1) All of the following statements are not true about systems approach, except(Points : 5)

a systems viewpoint is almost always beneficial in decision making.
a systems approach emphasizes interrelationships among subsystems.
a systems approach concentrates on efficiency within subsystems.
a systems approach is essential whenever something is being redesigned or improved.
All of the above are true.

Question 3.3.(TCOs 3 & 6) The practice of cycle counting has as its main purpose(Points : 5)

to count all the items in inventory.
to count bicycles and motorcycles in inventory.
to reduce discrepancies between inventory records and actual inventory.
to reduce theft.
to count 10% of the items each month.

Question 4.4.(TCOs 3 & 6) Which one of the following is most relevant for the EOQ model?(Points : 5)

Ordering items with dependent demand
Determining safety stock
Ordering perishable items
Determining fixed interval order quantities
Determining fixed order quantities

Question 5.5.(TCO 2) The subassemblies and components that are needed to produce and/or assemble a product can be displayed as(Points : 5)

an assembly time chart.
a product structure tree.
MRP II.
pegging.
a Gantt chart.

Question 6.6.(TCO 2) The process of identifying parent items in MRP is called(Points : 5)

paternity.
pegging.
requirement I.D.
relationship tracking.
master scheduling.

Question 7.7.(TCOs 4, 5, & 6) Which MRP input lists the assemblies, subassemblies, parts, and raw materials needed to produce one unit of finished product?(Points : 5)

Master production schedule
Bill of materials
Inventory records
Assembly-time chart
Net-requirements chart

Question 8.8.(TCOs 4, 5, & 6) All of the following are true concerning MRP II, except which one?(Points : 5)

It is basically a computerized system.
It can handle complex planning and scheduling quickly.
It involves other functional areas in the production planning process.
It involves capacity planning.
It produces a production plan that includes all resources required.

Question 9.9.(TCOs 5, 7, & 9) Which of the following is NOT included in logistics?(Points : 5)

The movement of materials within a production facility
Incoming shipments of goods or materials
Outgoing shipments of goods or materials
Customer selection
Returned goods processing

Question 10.10.(TCOs 5, 7, 9) RFID chips:
(I) are used to track goods in distribution.
(II) are used to track job progress in production.
(III) are used to provide special instructions to operators.
(IV) can be used in inventory record keeping.(Points : 5)

II and III only
I and II only
II, III, and IV
I, II, and IV
IV only

Question 11.11.(TCOs 5, 7, & 9) Actively managing the supply chains is more desirable for business organizations due in part to(Points : 5)

more potential vendors.
increasing globalization.
downsizing.
the Internet.
RFIDs.

Question 12.12.(TCOs 11, 12, 13, & 14) An alternative will have fixed costs of $10,000 per month, variable costs of $50 per unit, and revenue of $70 per unit. The break-even point volume is(Points : 5)

100.
2,000.
500.
1,000.
None of these

Question 13.13.(TCOs 11, 12, 13, & 14) For fixed costs of $2,000, revenue per unit of $2, and variable cost per unit of $1.60, the break-even quantity is(Points : 5)

1,000.
1,250.
2,250.
5,000.
None of these

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