BUS 370 Test 3 12-16-08 fall 08

BUS 370 Test 3 12-16-08 fall 08 - BUS 370 Fall 2008 Test 3...

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BUS 370 Fall 2008 Test 3 Directions: Fill in your name and student ID. Shade the corresponding letters and numbers on the answer sheet. 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. In the Covolo diving gear case, the following statement is true about the Sales and Operations Planning process: a) Covolo changed from semiannual planning meetings to monthly meetings b) The forecast did not change c) Production met the increased demand volume d) Suppliers increased shipment volume enough to meet the increased demand volume 2. Sales and Operations Planning is a tactical plan. Decisions made include the following: a) Product and process b) “Bricks and Mortar” – facility capacity decisions c) Daily scheduling of people and equipment d) Employment and overall inventory levels 3. a) Evaluates supply, demand and cash flow for future periods b) Weekly meeting by senior management c) Aligns detailed planning and control d) Objective is to have multiple operating plans Service Description Service Mix Supply Cost Per Installation Cable TV Installation 10% $25 Satellite TV Installation 35% $75 Digital Phone Installation 55% $125 4. Ernie runs an electrical contracting company and is trying to figure his estimated supply costs for this month. He forecasts 175 installations this month. His estimated supply costs for this month are: a) $ 97.50 b) $ 225.00 c) $17,062.50 d) $39,375.00
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Use the following information for the next question two questions: Starting Workforce = 16 Starting Inventory = 150 Demand in Workers needed Actual Actual Ending Month Demand Worker Hours to meet Prod Plan Employees Production Firings Hirings Inventory 1 64 2 72 3 72 4 80 Additional Data Hours worked per month per worker = 160 Hours per unit = 40 Inventory Cost = $8/unit/month Hiring Cost per Worker = $ 1,500 Firing Cost per Worker = $ 1,000 5. Given the data above, the total cost for a 4 month chase production plan is: a) $ 7,200 b) $ 7,992 c) $10,800 d) $13,800 Starting Workforce = 16 Starting Inventory = 150 Demand in Workers needed Actual Actual Ending Month Demand Worker Hours to meet Prod Plan Employees Production Firings Hirings Inventory 1 64 2 72 3 72 4 80 6. Given the data above, the total cost for a 4 month level production plan is: a) $ 4,992 b) $ 7,992 c) $ 9,992 d) $10,800 7. In the Covolo Diving Gear case, the chase production schedule: a) Is not feasible given the capacity constraint b) Workforce number is the same each month c) Does not require any hiring except in the first month d) Production volume is the same each month
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8. Companies hold Safety Stock due to: a) Mismatch between timing of customer demand and supply chain lead times b) Mismatch between downstream demand levels and upstream production capacity c) Mismatch between downstream partner’s demand and most efficient
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This note was uploaded on 04/21/2009 for the course BUS 370 taught by Professor Favre during the Spring '08 term at N.C. State.

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BUS 370 Test 3 12-16-08 fall 08 - BUS 370 Fall 2008 Test 3...

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