Exam 3 Key A (2) - EXAMINATION 3 Version A Use a Scantron...

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EXAMINATION 3, Version A 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. What are purchased items or extracted materials that will be transformed into components or products called? a) work-in-process inventory b) finished goods inventory c) raw materials inventory d) distribution inventory e) MRO inventory 2. If a company carries 13 weeks of supply , what is the inventory turnover ? 3. What costs are considered in the quantity discount model? 4. A company’s plan is a statement of the resources available to the operations group during the next 6 to 18 months. 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 6. Evaluating an aggregate plan in terms of number of back orders is using what perspective? a) cost 1
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b) customer service c) quality d) operations e) human resources
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