OPM101Exam3vEKey - Professor Blake OPM 101 Spring 2010 Name...

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Professor Blake OPM 101 Name__________________________ Spring 2010 EXAMINATION 3, Version E Use a Scantron Form No. 886-E to record your choice of the best answer to each of the following questions. You have the full period to answer the questions. The following questions are worth three (3) points each . 1. Hand tools, lubricants, and cleaning supplies are usually examples of what? a) WIP inventory b) finished goods inventory c) raw materials inventory d) distribution inventory e) MRO inventory 2. What costs are considered in the basic EOQ model? 3. What costs are considered in the quantity discount model? 4. Next level down in the planning process after development of the aggregate plan is ____________. 5. For the level aggregate plan, fluctuations in demand are absorbed by _______________________. a) inventory and subcontracting b) back orders and price changes c) inventory and back orders d) price changes and subcontracting e) subcontracting and back orders
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