BUS 370 Test 3a SP16 - BUS 370 Spring 2016 Test 3...

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BUS 370 – Spring 2016 – Test 3 Directions: Fill in your name and student ID. Shade the corresponding letters and numbers on the answer sheet. For the “Special Codes” section to the left of the identification number, put the number 927869 and shade the bubbles below. Answer each question with the one best choice by marking the letter of the answer on the attached answer sheet. Each of the 25 questions is worth 4 points for a total of 100 points. 1. The following statement about the Sales and Operations Planning (S&OP) process is true: a) Allocates critical resources such as people, capacity, materials, time and money b) Aligns strategic plans c) Weekly Meeting d) Calculates Available to Promise (ATP) 2. In the Covolo diving gear case, they ran an S&OP scenario using a “level” and then a “chase” production strategy. The following statement concerning the “chase” production strategy is true: 3. Values that decision makers use to translate the sales forecasts into resource requirements and to determine the feasibility and costs of alternative sales and operations plans (examples include labor hours per unit and cash per unit): a) Planning values b) Bottom-up values c) Top-down values d) Family values 4. When considering Sales and Operations Planning for services, “a strategy to vary workforce levels, where additional full-time or part time employees are hired during peak seasonal demand periods while a smaller, permanent staff is maintained year-round” is known as:
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Use the following information for the next 2 questions: Additional Data Hours worked per month per worker = 140 Hours per unit = 7 Inventory Cost = $6/unit/month Hiring Cost per Worker = $ 600 Firing Cost per Worker = $ 300 5. The total cost for a 4 month level production plan is: 6. The total cost for a 4 month chase production plan is: a) $ 2,520 b) $ 3,600 c) $ 3,900 d) $ 4,500
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