Exam 2 Key B (2)

Exam 2 Key B(2) - EXAMINATION 2 Version B Use a Scantron Form No 886-E to record your choice of the best answer to each of the following questions

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EXAMINATION 2, Version B 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. The broad view of JIT is now often termed __________________________. a) vendor-managed inventory b) business process reengineering c) lean production d) cycle time management e) e-distribution 2. Beliefs that help define the JIT philosophy include all of the following except a) Simplicity b) Visibility c) Flexibility d) Push production e) Continuous improvement 3. According to JIT, by eliminating inventory we can clearly identify and work on eliminating them. a) Obsolete products b) Malfunctioning machines c) Grievances d) Product imperfections e) Problems 4. Which forecasting method assumes that next period’s forecast is equal to this period’s actual value? a) Simple mean b) Ignorant c) Basic d) Naïve e) Nescient 5. What is the mean absolute deviation of the following forecasts? Month Actual Sales Forecast Abs. Deviation January 68 60 8 February 48 50 2 March 50 60 10 April 30 30 0 a) - 1 20 b) 5 c) 20 MAD = 20 ÷ 4 = 5 d) 1 e) 42 6. A focused factory is one that __________________________________________________. a) produces many products with options b) is small and highly specialized c) has a large number of management specialists d) is vertically integrated e) is located at the center of demand 7. Capacity cushions can be helpful if _____________________________________________. 1
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a) demand is greater than expected b) sales need to be buffered from production c) total quality management fails d) productivity is too high e) there is excess capacity 8. It takes many pounds of milk to make one pound of cheese. Therefore, there are many cheese factories in dairy states because _________________________________. a) of reputation b) “cheese heads” eat a lot of cheese c) of transportation costs d) making cheese is a batch process e) customers prefer domestic cheese 9. In choosing a location, the provides an easy way to calculate X and Y coordinates for a good starting point. a)
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This note was uploaded on 10/17/2011 for the course MNGT 368 taught by Professor Curthurds during the Spring '08 term at Nicholls State.

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Exam 2 Key B(2) - EXAMINATION 2 Version B Use a Scantron Form No 886-E to record your choice of the best answer to each of the following questions

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